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May 29 (Reuters) - Australian shares rose on Monday in a broad-based rally, after U.S. President Joe Biden said a debt ceiling deal was ready to move to Congress for a vote, ending a months-long stalemate. The S&P/ASX 200 ... | 09:38pm
The departure of two key executives will facilitate the financial services firm’s restructure after it dissolved its Australian wealth management business structure.
The departure of two key executives will facilitate the financial services firm’s restructure after it dissolved its Australian wealth management business structure.
The benchmark S&P/ASX 200 closed up 0.9 per cent, or 62.6 points to 7217.4 at market close, bolstered by gains in nine out of 11 sectors.
AMP’s management is convinced it has the plan to resuscitate the venerable brand’s fortunes, but multiple institutional investors want decisive action, including a further break-up of the company.