Is AMP there yet?
CEO Alexis George tells Capital Brief that AMP's concerted campaign of simplification and finding the right business mix is nearing its end.
Alexis George’s long game to restore the once marquee AMP to a sustainable business has been like snakes and ladders.
After Friday’s annual result failed to deliver on dividends and positive capital return guidance, with some margin disappointment, a year-long rally was kyboshed and shares ended down 15%.
That echoed the plunge AMP saw just over a year ago when its shares were pummelled after a trading update shirtfront, also ending a long steady climb.
But when I spoke to George after Friday’s result she was emphatic that the rebuild of AMP and establishment of a growth profile was on track despite investor disappointment with returns.
