Business
Let the great AMP carve-up begin – The Australian Financial Review
The AMP board no longer has any belief that it can chart a way forward for the beleaguered wealth management giant. So it’s given its tacit blessing to a dismemberment.
This will alleviate at least some of the pressure on both the AMP directors and on the company’s chief executive, Francesco De Ferrari.
Second on AMP’s to-do list will be to dispose of or in investment banking parlance, “realise the full value of” AMP’s crown jewel, its AMP Capital business, either through a float, or by selling the business to a rival fund manager.
Canny investment bankers will quickly realise that AMP Capital is the most attractive asset in the AMP stable by a country mile.
…
-
Noosa News14 hours agoRevealed: 75 Qld suburbs you could afford to buy in if lending standards drop
-
General9 hours agoFarmers develop ‘autofill’ tech so agricultural robots can operate around the clock
-
General10 hours agoChoosing an online exercise program can be confusing. Here’s what to look out for
-
Noosa News14 hours agoNowhere is growing like this corner of Queensland. It’s changing the political game