AMP suffers fallout of London's losses

AMP has a heavy exposure to the British sharemarket, where insurers have suffered from heavy falls. That exposure was the biggest factor in a $A6 million loss from investment activities.

The result was in line with analysts' expectations following two consecutive profit warnings. Since March AMP's share price has fallen 26% to $A14.

AMP's "core recurring operating margins" rose 3% to $A470 million but the company said markets would remain "difficult."

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GEN - GENERAL CAPITAL (NZX: GEN)
AFT - Maxigesic IV Licensed for Japan
BIT - Net Asset Values as at 24 September 2026
TEM - Transaction in Own Shares
AIA - Auckland Airport Director Update
SML - Synlait reports FY26 result and operational recovery
CNU - Paul Reid joins Chorus Board
September 28th Morning Report
AGL - Accordant Group Limited announces CEO retirement
VCT - Results of annual shareholders' meeting