AMP UK spin-off costs rise to £1.5bn

13 April 2012

AUSTRALIA'S AMP today said total writedowns from spinning off its HHG British operations would be A$3.6bn (£1.5 bn).

The group, which had previously put the figure at $2.5bn (£1.0bn), said the additional charge was based on HHG's average share price between its flotation on 23 December and 15 January.

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