AMP shares sink to new lows

AMP Ltd shares have slumped to new record lows with analysts laying the blame on a sharp fall in British share market which made UK Financial Services' solvency position more critical. AMP shares fell to a new low of $8.85 before finishing 91 cents down at $8.91. AMP's share price has now more than halved over the past year slicing more than $11 billion off its market value.