The shares dropped 6.1 percent after Macquarie said net income in the six
months to March 31 may climb 10 percent from the first half. That indicates
second-half profit of A$526.9 million ($455 million), below the A$586 million
average estimate of three analysts surveyed by
The shares dropped 6.6 percent after Macquarie said net income in the six
months to March 31 may climb 10 percent from the first half. That indicates
second-half profit of A$526.9 million ($455 million), below the A$586 million
average estimate of three analysts surveyed by
Feb. 9 (Bloomberg) -- Macquarie Group Ltd. , Australia’s largest investment
bank, slumped in Sydney trading after its second-half profit forecast failed to
match analyst estimates. Today’s forecast is “slightly below the more bullish
analysts,” said Angus Gluskie , who oversees $300
Feb. 9 (Bloomberg) -- Macquarie Group Ltd. , Australia’s largest investment
bank, said fiscal second-half profit may be higher than forecast amid a
recovery in global markets. The revised forecast is “slightly below the more
bullish analysts,” said Angus Gluskie , who oversees $300
Mining companies last year sold $33.3 billion in dollar bonds, the most in 10
years, according to Bloomberg data. The decline in borrowing costs, surging
cash flows and rising metals prices prompted a 28 percent surge in global
mining takeovers in the second half of 2009. Vale, the world
Kraft Foods Inc. , the maker of Oreo cookies, raised $9.5 billion yesterday for
its takeover of Cadbury Plc, while Buffett’s Berkshire Hathaway Inc. sold $8
billion of notes for its buyout of railroad company Burlington Northern Santa
Fe Corp. that he called an “all-in wager” on the
Kraft Foods Inc. , the maker of Oreo cookies, raised $9.5 billion yesterday for
its takeover of Cadbury Plc, while Buffett’s Berkshire Hathaway Inc. sold $8
billion of notes for its buyout of railroad company Burlington Northern Santa
Fe Corp. that he called an “all-in wager” on the
“The potential acquisition could have a material adverse impact on MetLife’s
financial metrics, such as capitalization,” the ratings company said today in a
statement. S&P placed New York-based MetLife’s ratings on “CreditWatch with
negative implications.” MetLife, which
“The potential acquisition could have a material adverse impact on MetLife’s
financial metrics, such as capitalization,” the ratings firm said today in a
statement. S&P placed New York- based MetLife’s ratings on “CreditWatch
with negative implications.” MetLife, which reported
Feb. 9 (Bloomberg) -- Macquarie Group Ltd. , Australia’s largest investment
bank, said fiscal second-half profit may be higher than forecast amid a
recovery in global markets. The revised forecast is “slightly below the more
bullish analysts,” said Angus Gluskie , who oversees $300
