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
AAP A statement on Friday followed an announcement on Wednesday that valuations
for the six months to December 31 had led to a revaluation decline of $124.6
million. Following further analysis, Mirvac said on Friday its total portfolio
weighted average capitalisation rate had increased by
Friday February 5, 2010, 1:47 pm The Mirvac Group has confirmed that valuation
of its investment assets declined by three per cent in the first half of
2009/10. A statement on Friday followed an announcement on Wednesday that
valuations for the six months to December 31 had
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
