The financial services unit in New Zealand reports flat annual earnings as rising insurance claims offset gains in its wealth management businesses.

Listed AMP Office posts healthy profit

AMP is gearing up in the self-managed superannuation sector in Australia but is not signalling a similar move in New Zealand.

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.