Latest Amp News

AMP reported a 20.8% rise in underlying net profit after tax for FY25, powered by strong cashflows from its North platform and the successful launch of AMP Bank GO. The company also declared a final dividend and announced a CEO transition.

AMP Limited has announced an ordinary dividend of AUD 0.02 per share for the half-year ending December 2025, partially franked at 20%, with payments scheduled for April 2026.

AMP Limited reported a 20.8% rise in underlying net profit after tax for 2025, driven by growth in wealth platforms and investments, alongside a planned CEO transition and pending class action settlements.

AMP Limited has revised its cost allocation and cost-to-income ratio methodology, restating prior business unit profits and setting FY26 cost guidance between $630 million and $640 million.

Bank of Queensland has appointed Rod Finch as its new CEO, marking a leadership transition aimed at continuing its strategic transformation and operational improvements.

AMP Limited has appointed Blair Vernon as its new CEO, succeeding Alexis George who will retire after steering the company through major transformation. Vernon’s promotion promises continuity and a focus on growth.

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.