PRE-MARKET AUSTRALIAN STOCK NEWS: AMP (AMP AT) is to move forward with sales of its life insurance operations

AMP (AMP AT)
- Co. is to move forward with the sale of its life insurance operations. (AFR)

Bell Financial Group (BFG AT)
- UBS is said to not be planning to divest a 17% stake in Bell Potter. (The Australian)

BHP (BHP AT)
- Co.’s Escondida mine workers have conducted work stoppages as a response to job reductions. (Newswires)

Crown Resorts (CWN AT)
- Co.’s CrownBet unit is said to have conducted detailed talks reagarding a possible deal with William Hill (WMH LN). (Newswires)

Rio Tinto (RIO AT)
- Co. extends Channar mining JV and will add 10mln tonnes of Western Australian ore delivered to the JV. (Newswires)

Southern Cross Media Group (SXL AT)
- Co. and MediaWorks failed to reach a deal on the latter’s NZ radio assets. (AFR)

Financials
- Westpac (WBC AT) chair Maxsted said persistent calls for a royal commission to probe banks could lead to higher funding costs and interest rates, while Maxsted also denied BBSW rigging allegation and defended refusal for a settlement with the regulator. (The Australian)

23 Nov 2017 - 22:37- EquitiesResearch Sheet- Source: Newswires

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