AMP has reported an underlying NPAT loss of $47 million in the full year 2023 for its advice division as it focuses on making advice a standalone business and announced a new chair for its board.
Seven thrills investors with yet another profit upgrade, Downer and AMP claw back lost ground and Dexus’ departing boss stands firm on a key project.
Shares of Australian wealth manager
AMP staged their steepest gains in 21 months after it
recorded a better-than-expected rise in underlying annual profit
and announced a large return of capital, even.