Macquarie admits crunch threat as it boosts London staff
May 20, 2008
Macquarie Group, the prominent investor in British infrastructure, admitted
today that volatile credit markets might break its 16-year run of rising
profits next year even as it said that the credit squeeze appeared to be
easing.
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.
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.
Orica has firepower for acquisitions
Orica is looking for acquisitions to add to its explosives businesses, a day after announcing it will spin off its consumer products division.
07/22/08
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Leighton wins Australia's largest...
Leighton Holdings and Macquarie Group have won the $4.8b contract for Australia's largest road infrastructure project.
Westpac's RAMS woes
Westpac snapped up a stricken RAMS on the cheap six months ago but the acquisition appears to be backfiring.
06/02/08
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WorleyParsons makes Canadian acquisition
Engineering and mining services company WorleyParsons has made an acquisition in Canada, purchasing Westmar Consultants for $A48.68 million.
Wesfarmers H1 profit up to new record
Wesfarmers' $20 billion acquisition of Coles Group has helped fill its coffers with a record interim profit.
Macquarie loses $750m
MACQUARIE Group lost about $750 million in the market value of its big Australian listed investment funds last financial year.
EU widens antitrust probe into BHP Billiton's proposed acquisition of Rio Tinto
The European Commission on Friday widened its antitrust probe into the proposed acquisition of Rio Tinto Inc. by BHP Billiton Ltd., saying an initial investigation revealed concerns about higher prices and reduced choice for EU customers of the mining concerns.
Lend Lease cashed up for acquisitions
Property developer Lend Lease is looking for acquisitions, hoping to take advantage of the fallout in property markets driven by financial market volatility.
Wesfarmers shares up with rising success
Wesfarmers shares rose 1.8 per cent Monday after the company finalised part of a $2.5 billion equity raising and opened it to retail shareholders.
Macquarie funds 'now targets'
IN A move that may signal the beginning of the end of its sharemarket-quoted vehicles, Macquarie Group has backed a $836 million takeover bid to privatise its poorly performing,...
ACCC rejects Woolies Karabar acquisition
The ACCC has rejected the proposed acquisition of the Karabar Supermarket in NSW by the nation's largest retailer, Woolworths Ltd, on competition concerns.
Woolworths still eyeing The Warehouse
Cashed-up retailer Woolworths is still likely to make a tilt at the New Zealand general merchandise retailer The Warehouse, an investment house says.
Orica set for demerger
THE chemicals maker Orica last night revealed plans to raise $900 million and demerge its paint division as it focuses on expanding its booming mining services business.
07/21/08
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Stocks to watch
Stocks of interest on the Australian Stock Exchange today.
Miner Oxiana Spends $5.8B for Zinifex
Australian miner Oxiana Ltd. will buy rival Zinifex Ltd. in a share swap worth $5.8 billion, the two companies said Monday, creating the world's second-largest producer of zinc.
CSL to acquire Talecris for $3.4b
Blood products and vaccine firm CSL will acquire Talecris Biotherapeutics Holdings for $3.48 billion to boost its presence in the plasma therapeutics market.
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.
J-REP widens portfolio across Japan
Goodman Group and Macquarie Group joint venture J-REP has secured a portfolio of 14 logistics properties in Japan.
03/17/08
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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...
Zinifex, Oxiana merge into $12b company
Oxiana has agreed to a $6.2 billion merger with Zinifex to create the world's second largest zinc producer, ending months of speculation.
03/03/08
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Zinifex stumps up for Oxiana deal
Although it is billed as a merger of equals, Zinifex has worked to get the deal it wants and needs.
Westpac's ray of light
Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.