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AMP shareholders won’t be receiving a final dividend for 2020 after the financial services provider endured a tough 12 months and takeover talks with Ares Management fell through, AAP report.
AMP was advised overnight by US-based Ares that it will not be proceeding with its $1.85 per share takeover bid, but talks surrounding AMP Capital continue.
Energy generator and retailer AGL has reported a massive bottom-line loss and says the outlook for the rest of this financial year looks challenging, AAP reports.
The net loss was $2.3 billion for the six months to December, compared to a profit of $323 million in the previous corresponding half year.