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Reuters

Australia's AMP withdraws 2020 forecast amid coronavirus outbreak

FILE PHOTO: The logo of AMP Ltd, Australia's biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017.REUTERS/David Gray

Australian wealth manager AMP Ltd <AMP.AX> on Thursday withdrew its full-year earnings forecast as the fast-spreading coronavirus creates increasing uncertainty.

The company said the sale of AMP Life, its Australian and New Zealand wealth protection business, to Resolution Life remains on track to close by June.

(Reporting by Anushka Trivedi in Bengaluru; Editing by Maju Samuel)

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