Australia-based insurer AMP says “very subdued cashflows” experienced in 2011 have continued into the first quarter of this year.

 A2 Corp, which licenses techniques to identify milk with a protein variant claimed to have health benefits, is raising $5.18 million in a share placement to fund a joint venture targeting growth in the UK and Ireland.

Property fortunes have turned around with AMP NZ Office back in profit.

NZX 50 drops below 3,300 points as global markets slump.

Axa APH minority shareholders have voted for the proposed merger of its Australian and New Zealand business with AMP.