Latest Amp News

AMP has reached an agreement in principle to settle a long-running class action over commissions paid between 2014 and 2021, agreeing to pay $29 million without admitting liability.

Dotz Nano has secured its first commercial order for its advanced carbon capture sorbent and raised A$1.2 million to accelerate development of its DotzEarth technology, marking a pivotal step towards commercialization in the growing DAC market.

Lodestar Minerals has agreed to acquire a major heavy rare earth element project in Arizona, positioning itself near the US's only active rare earth mine amid tightening Chinese export controls. The $3.25 million placement backs immediate exploration plans.

Australian Strategic Materials (ASM) reports significant progress in rare earth metals production and strategic growth, including a major capital raise and advances in its Dubbo and US projects.

Australian Strategic Materials secures A$50.8 million via share placement to fund Korean plant expansion and advance US metals project, while navigating complex supply chain and funding risks.

AMP Limited reports a 3.6% rise in total assets under management, driven by a 61.6% jump in Platforms net cashflows and steady growth across divisions, alongside significant legal settlements.

Dotz Nano has secured its first commercial order for its innovative Amine-Modified Polymer CO2 sorbent from a leading automotive innovation hub, marking a key step toward commercial deployment in sustainable aviation fuel production.

AMP Limited has announced a quarterly distribution of AUD 1.8508 per AMP Capital Notes 2 security, payable in December 2025, reflecting a partly franked yield based on current market rates.

AMP has reached settlement agreements with several insurers over claims related to historical remediation programs, recovering approximately A$44 million to date while negotiations continue with others.

AMP has reached an agreement in principle to settle a long-running class action over fees and interest rates on certain superannuation funds, agreeing to pay $120 million subject to court approval.

AMP Limited reported a modest increase in underlying net profit after tax to $236 million for the first half of 2025, supported by steady revenues and disciplined cost management across its key business units.

AMP Limited reported a 9.2% rise in underlying NPAT to $131 million for the first half of 2025, driven by growth in wealth management cashflows and cost efficiencies. The company declared a 2.0 cents per share interim dividend and reaffirmed its full-year guidance amid ongoing digital banking expansion and AI integration.