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Article: HHG makes steady progress.(HHG PLC)(Brief Article)
- Article from:
- Australasian Business Intelligence
- Article date:
- March 23, 2005
- Author:
CopyrightCOPYRIGHT 2005 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mar 23, 2005 (The Australian Financial Review - ABIX via COMTEX)
HHG is a financial services group, the UK offshoot of the larger Australian company, AMP. In March 2005, HHG unveiled a 9% rise in full- year operating profit before tax to Stg107 million ($A257 million) for 2004. The group is planning to sell its life-services arm in April 2005. The division will be bought by the UK-based venture capitalist, Hugh Osmond, for Stg1.07 billion. After the sale, HHG will give back Stg885 million to shareholders. HHG will then focus on its Henderson fund management business. Henderson has become very profitable, on the back of ...