AMP Capital to be set free

AMP Capital to be set free
Dan Brunskill
AMP plans to separate its AMP Capital private market investment arm into an independent business after talks to sell the division fell through.  The demerger would create two “more focused businesses” that are better equipped to allocate capital and realise efficiencies, AMP said in market announcement.AMP Ltd would continue operating as a retail-focused wealth management company and would retain a minority stake in the new Private Markets business, which would continue its work investing in infrastructure equity and debt, and...

More Markets

NZ sharemarket falls 1.5% as investors look for cash
Markets Market close

NZ sharemarket falls 1.5% as investors look for cash

The S&P/NZX 50 Index closed at 12,896.67, falling 196.51 points or 1.5%.

Auckland Council sells airport stake for at least $1.31b
Markets

Auckland Council sells airport stake for at least $1.31b

Auckland Council has successfully sold all of its shares in Auckland Airport.

Being AI consultancy sale hits legal snag
Markets

Being AI consultancy sale hits legal snag

Being AI bought consultancy from its CEO for $5m in March but wants to give it back.