MACQUARIE GROUP'S profit will return above the $1 billion-mark this year but
its shares slumped after an earnings update fell short of expectations,
suggesting the investment bank was failing fully to catch the recovery in the
global economy. Its chief executive, Nicholas Moore, said
MACQUARIE Group's profit will return to more than $1 billion this year, but its
shares slumped yesterday after an earnings update fell short of expectations,
suggesting the investment bank is failing to fully capture the recovery in the
global economy. Chief executive Nicholas Moore
The investment bank today said second-half earnings could be up as much as 10
per cent over the first half as economic conditions around the world continue
to trend back to normal. Macquarie maintained its trademark caution, saying it
expects profit for the six months to end-March to be broadly
The investment bank today said second-half earnings could be up as much as 10
per cent over the first half as economic conditions around the world continue
to trend back to normal. Macquarie maintained its trademark caution, saying it
expects profit for the six months to end-March to be broadly
Investment bank Macquarie Group says its second-half profit could be as much as
10 per cent higher than its first-half earnings, if economic conditions around
the world continue to improve. Macquarie Group 's first-half earnings came in
at $479 million. The company's chief
Macquarie Group's full-year profit may return to just over $1 billion this
year, with the investment bank saying its second-half earnings could be up as
much as 10 per cent over the first half as economic conditions around the world
continue to trend back to normal. However, the homegrown
Macquarie Group has said its second-half profit could be up as much as 10 per
cent over its first-half result as economic conditions around the world
continue to trend back to normal. However, the homegrown investment bank
maintained its trademark caution, saying it expects profit for the
Friday February 5, 2010, 8:04 am The market was undecided about Tabcorp 's
interim profit . The shares eased 5c to $7 then rebounded to close unchanged at
$7, about what the 2% fall in net earnings for the December half was worth.
Tabcorp said its
Key Overnight Developments • Australian Retail Sales Disappoint, Building
Permits Rise on Stimulus • NZ Labor Market Probably Stronger Than Spike in
Jobless Rate Suggests Critical Levels The Euro was little changed in Asian
hours, trading within 20 pips of the 1.3890
AAP Tabcorp Holdings Ltd has posted a two per cent drop in half year profit and
says it expects conditions to remain uncertain for the rest of the financial
year. Tabcorp on Thursday reported a net profit of $257.9 million for the six
months to December 31, down from $263.2 million in
MACQUARIE GROUP'S profit will return above the $1 billion-mark this year but
its shares slumped after an earnings update fell short of expectations,
suggesting the investment bank was failing fully to catch the recovery in the
global economy. Its chief executive, Nicholas Moore, said
