AMP +9.30%: the embattled financial services company rallied today after selling its interest in Resolution Life Australia. AMP held a ~19% stake in the business after selling AMP Life to Resolution last year. Now 18 months on, they’ve sold the final cut to the same buyer for a handy sum of $524m. After a few one offs, adjustments and taxes it will help boost AMP’s capital position by $459m, giving them a bit more dry powder to grow (turn around) the business and more flexibility as they look to divest the AMP Capital’s Private Markets business.
scroll
Performance update for March, stocks that drove returns & our current positioning
Close
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Close
Market Matters Research Lead Shawn Hickman with David Koch
Close
Wednesday 24th April – DOW +263pts, SPI +27pts
Close
Relevant suggested news and content from the site
Video
WATCH
Performance update for March, stocks that drove returns & our current positioning
Recorded Tuesday 9th April
Podcast
LISTEN
Wednesday 24th April – ASX200 +17pts, Silver Lake (SLR), Kogan (KGN) & CPI
Daily Podcast Direct from the Desk
Video
WATCH
Market Matters Research Lead Shawn Hickman with David Koch
Recorded Monday 25th March
Podcast
LISTEN
Wednesday 24th April – DOW +263pts, SPI +27pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.
