AMP Capital to be set free

AMP Capital to be set free
Dan Brunskill
AMP plans to separate its AMP Capital private market investment arm into an independent business after talks to sell the division fell through.  The demerger would create two “more focused businesses” that are better equipped to allocate capital and realise efficiencies, AMP said in market announcement.AMP Ltd would continue operating as a retail-focused wealth management company and would retain a minority stake in the new Private Markets business, which would continue its work investing in infrastructure equity and debt, and...

More Markets

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024
Cannasouth delisting keeps Petterson in charge
Markets

Cannasouth delisting keeps Petterson in charge

Cannasouth major shareholders pushed to end voluntary administration they had called in.

Garth Bray 13 Dec 2024