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.
Macquarie loses $750m
MACQUARIE Group lost about $750 million in the market value of its big Australian listed investment funds last financial year.
Leighton wins Australia's largest...
Leighton Holdings and Macquarie Group have won the $4.8b contract for Australia's largest road infrastructure project.
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...
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.
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.
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...
ASX lower led by financials, resources
The Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street overnight.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
Babcock quiet on sell-off
Babcock & Brown has refused to confirm whether Goldman Sachs JBWere and Deutsche Bank have been named independent advisers.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Macquarie, Babcock Weigh Privatizing...
Macquarie and Babcock & Brown took steps that could signal a further retrenchment of their funds from public markets, the latest sign of investor skepticism over their business...
Australian merchant bank Babcock and...
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...
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Red Wings reward Babcock for winning...
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...
Asset Sales for Macquarie Airports
Macquarie Airports unveiled asset sales and a $872 million security buyback that market participants say is effectively a partial privatization reflecting a less-benign environment for listed infrastructure funds.
Babcock CEO, Chairman Step Down
Babcock & Brown unveiled a major overhaul of its board and management but failed to stem the drop in its share price due to continued concerns about its financial position.
$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...
Macquarie Group reports 23 percent...
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...
Newcrest to expand as profit surges
NEWCREST MINING has outlined plans to increase its annual production by nearly 1 million ounces within five years after adding another 15 million ounces to its reserve inventory.
Woolworths may plunge into a retail...
If Steve Johnson wondered what he had let himself in for by agreeing to be the
new chief executive of Woolworths, it was laid bare yesterday. According to
one City analyst, he...
Crown reports $370.1m in profit
Casinos operator Crown Ltd says its Australian casinos have been trading satisfactorily since the start of the 2008/09 financial year.
Woolworths angers shareholders by...
Woolworths faces a showdown with its biggest shareholders after the ailing
retailer rejected a takeover approach for its 815 stores yesterday from
Malcolm Walker, the founder...