Business
Why the AMP (ASX:AMP) slumped to a new 52-week low
The AMP Ltd (ASX: AMP) share price just can’t shake the pressure right now. Shares in the Aussie wealth manager have slumped more than 3% today despite no new market updates.
Why is the AMP share price getting smashed?
AMP and its shareholders are having a tough time of it right now. The company has been in the news for quite some time with everything from scandals to leadership changes to restructuring.
That includes last week’s announcement that it would look to spin-off its AMP Capital arm via Private Markets demerger. The AMP share price charged higher on the news that AMP is looking at listing its Private Markets business while retaining its retail-focused wealth management group within AMP Limited.
However, an article…
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