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AMP BOOKS AUSTRALIA'S 2ND-BIGGEST CORPORATE LOSS.
SYDNEY, March 4 Asia Pulse - AMP Ltd (ASX:AMP) today booked Australia's second biggest corporate loss.
Writedowns and costs from spinning off its British operations have left the group $A5.542 billion ($US4.15 billion) in the red in 2003.
The loss for AMP, which demerged its struggling United Kingdom business HHG Plc in December last year, compared to a million loss in 2002.
The insurance and financial services company's net profit after tax and before other items for the year to December 31, 2003 was $619 million for the demerged AMP.
That compared to $257 million profit in the previous corresponding period, excluding HHG plc.
The group said today its loss on the demerger of HHG was .585 billion, business restructuring costs were $233 million and demerger costs were $193 million.
Losses reported for the demerged entities were $2.193 billion, which included writedowns and provisions.
- HHG Plc to sell life services unit for $1.97B.
- News wire article from: The America's Intelligence Wire December 9, 2004 700+ words
(From CBS Marketwatch (Stories)) Byline: Cary Dohman SAN FRANCISCO (CBS.MW) -- London-based HHG Plc. said Thursday that it is selling its life insurance and pensions business to Life Company Investor Group Ltd. for $1.97 billion...
- SHARES IN HHG PLC JUMP AFTER CONFIRMING POSSIBLE TAKEOVER BID.
- News wire article from: Asia Africa Intelligence Wire February 4, 2005 700+ words
...From Asia Pulse) Byline: 1014 AEDT HHG shares were eight cents - or 4.85 per cent SYDNEY, Feb 4 Asia Pulse - Shares in HHG plc (ASX:HHG) shot up more than four per cent in early trades after the UK-based financial services group confirmed it had...
- BRITISH INSURER, FUNDS MANAGER HHG PLC MAKES STRONG ASX DEBUT.
- News wire article from: Asia Africa Intelligence Wire December 23, 2003 700+ words
(From Asia Pulse) SYDNEY, Dec 23 Asia Pulse - Shares in troubled British life insurer and funds manager HHG plc (ASX:HHG) made a strong debut on the Australian Stock Market today after being spun off from AMP Ltd (ASX:AMP). HHG...
- ( SWHHG) Ferret's Stock to Watch: HHG PLC.
- News wire article from: Asia Africa Intelligence Wire December 13, 2004 700+ words
...through a demerger was as follows: Shareholders existing investment in AMP became a separate investment in each of AMP Ltd and HHG PLC upon approval of the demerger. Shareholders now own an investment in AMP in Australasia and HHG in the UK. The HHG shares...
- (SWHHG) Ferret's Stock to Watch: HHG plc.
- News wire article from: Asia Africa Intelligence Wire February 23, 2005 700+ words
(From RWE) A NEW LIFE IN ANOTHER PLACE SHOULD REVITALISE PARENT Sydney - Wednesday - February 23: (RWE) OVERVIEW HHG shareholders this week overwhelmingly approved all proposals relating to the sale of its Life Services business to Life Company Investor Group for a cash consideration of 1.07
- AMP CLIMBS 3.2% ON LOW VOLUME.
- Magazine article from: Market Report July 20, 2006 700+ words
...products and platforms; AMP Capital Investors, a fund manager; Cobalt...books in runoff; and 10% of HHG plc. HHG owns UK and Northern Hemisphere...The Managing Director - AMP Capital Investors is Stephen Dunne, the Chief...
- AMP DOWN 1.4% ON FIRM VOLUME.
- Magazine article from: Ozequities News Bites November 28, 2006 700+ words
...products and platforms; AMP Capital Investors, a fund manager; Cobalt...books in runoff; and 10% of HHG plc. HHG owns UK and Northern Hemisphere...The Managing Director - AMP Capital Investors is Stephen Dunne, the Chief...
- WEEKLY: AMP DOWN 3.5% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites November 10, 2006 700+ words
...products and platforms; AMP Capital Investors, a fund manager; Cobalt...books in runoff; and 10% of HHG plc. HHG owns UK and Northern Hemisphere...The Managing Director - AMP Capital Investors is Stephen Dunne, the Chief...
- AMP SHEDS 3.0% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites August 2, 2006 700+ words
...products and platforms; AMP Capital Investors, a fund manager; Cobalt...books in runoff; and 10% of HHG plc. HHG owns UK and Northern Hemisphere...The Managing Director - AMP Capital Investors is Stephen Dunne, the Chief...
- AMP ADDS 1.8% ON LOW VOLUME.
- Magazine article from: Ozequities News Bites August 30, 2006 700+ words
...products and platforms; AMP Capital Investors, a fund manager; Cobalt...books in runoff; and 10% of HHG plc. HHG owns UK and Northern Hemisphere...The Managing Director - AMP Capital Investors is Stephen Dunne, the Chief...
Source: HighBeam Research, AMP BOOKS AUSTRALIA'S 2ND-BIGGEST CORPORATE LOSS.