Business
ASX 200 drops 0.9%, Crown not suitable for Sydney casino, Macquarie rises on Tuesday 9 February 2021
The S&P/ASX 200 Index (ASX: XJO) fell by 0.9% today to 6,821 points.
Here are some of the highlights from today:
The Macquarie share price was the best performer in the ASX 200, rising by 6.6% today.
Macquarie said that trading conditions have improved across the group in the quarter ending 31 December 2020.
The investment bank said that its annuity-style businesses called Macquarie Asset Management (MAM) and banking and financial services (BFS) experienced a profit increased in the third quarter compared to the prior corresponding period. Net profit for the nine months from these businesses was broadly in line with the prior corresponding period due to base and performance fees being flat, partially offset by BFS margin pressure,…
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