Macquarie Group reports 23 percent annual profit rise due to strong international expansion
May 20, 2008
Toll road developer Macquarie Group Ltd. reported a 23 percent annual profit rise Tuesday, helped by strong growth in its assets under management as it continues its international expansion.
Macquarie Group annual profit up 23%
Macquarie Group has delivered a 23 per cent lift in annual profit but says it may be a challenge to repeat its performance this year due to volatile markets.
Volatile credit markets may dent Macquarie Group
Macquarie Group admitted yesterday that volatile credit markets might break its 16-year run of rising profits next year, even as it said that the squeeze may be easing.
Leighton wins Australia's largest...
Leighton Holdings and Macquarie Group have won the $4.8b contract for Australia's largest road infrastructure project.
Macquarie loses $750m
MACQUARIE Group lost about $750 million in the market value of its big Australian listed investment funds last financial year.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Babcock quiet on sell-off
Babcock & Brown has refused to confirm whether Goldman Sachs JBWere and Deutsche Bank have been named independent advisers.
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
Telstra rivals slam broadband tender
TELSTRA'S competitors have lashed out at the Federal Government after it released details yesterday of the tender for a national $8 billion-plus broadband network which they...
$80m It's off the planet
THE chief executive of Macquarie Group, Allan Moss, will leave the "millionaires factory" with a fortune worth more than $80 million, setting new standards in a debate about how much executive pay is too much.
Santos dodges takeover talk
Santos says it is in the early stages of considering "various strategic initiative", in response to a query from the Australian Securities Exchange (ASX).
Privatised, but Macquarie sticks to...
MACQUARIE Group is not budging from its model of externally managed funds if a scheme booklet for the privatisation of Macquarie Capital Alliance Group is anything to go by.
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Australia's Macquarie Group says...
Macquarie Group Ltd., Australia's largest investment bank, said Wednesday its first-quarter profit slid as deal activity slowed and equity trading volumes decreased amid a...
Macquarie Group's 2009 fiscal profit low
Macquarie Group Ltd says its profit for the first quarter of fiscal 2009 was lower than for the same period last year, amid difficult market conditions.
Australia's Macquarie Group says...
Macquarie Group Ltd., Australia's largest investment bank, said Wednesday its profit for the first quarter of fiscal 2009 was lower than for the same period last year, amid...
Review: iASUS Concepts Mobile Amp
Like some other such devices, including Upbeat Audio’s Boosteroo Revolution, the pitch here is that you plug this in to the headphone port of your iPod, then turn your iPod...
Red Wings reward Babcock for winning Stanley Cup (AP)
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings over the next three years, Babcock's younger two kids likely will get the same opportunity.
Australian merchant bank Babcock and Brown faces lenders
Babcock & Brown Ltd., Australia's second-largest merchant bank that last week lost half its market value, is accelerating an examination of its listed funds as it faces its bankers over a potential review of its 2.8 billion Australian dollars (US$2.7 billion) corporate debt facility.
Macquarie Group buys into US funds...
Macquarie Group, Australia's biggest securities firm, agreed to buy a majority stake in Allegiance Investment Management LLC to increase fixed-income assets by $US4.5 billion...
A sense of irony helps at Babcock
What? Babcock & Brown executives missing their bonuses as a result of "current market conditions''? No, it was just the boss being tongue-in-cheek.
Telstra spending placed on hold
TELSTRA will delay investing in some telecommunications infrastructure until it knows whether it has won the right to build an $8 billion-plus national broadband network.
A sense of irony helps at Babcock
What? Babcock & Brown executives missing their bonuses as a result of "current market conditions''? No, it was just the boss being tongue-in-cheek.
GPT operating profit up
GPT Group has reported a 14.5 per cent fall in annual earnings and says it expects to maintain distributions in 2008, given challenging market conditions.
02/27/08
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