Business
Texas deep freeze puts Macquarie profit on front burner – Sydney Morning Herald
Macquarie has flagged a major profit upgrade after energy price spikes caused by devastating winter storms in Texas led to a revenue surge in one of its businesses….
Extreme winter weather conditions in North America have significantly increased short-term client demand for Macquaries capabilities in maintaining critical physical supply across the commodity complex and particularly in relation to gas and power, Macquarie said in an ASX statement.
Shares in the investment banking group jumped 3.4 per cent on Monday to $147.15, as analysts upgraded their profit forecasts after the sudden upgrade.
Velocity Trade analyst Brett Le Mesurier said the extent of the…
-
Noosa News14 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
General15 hours agoNSW Police to provide update on Sydney woman’s kidnap from Bankstown home and killing
-
Noosa News21 hours agoMollie O’Callaghan admits to doubts, wins gold at Australian Open Swimming Championships
-
Noosa News14 hours agoQueensland woman charged with murdering partner with MND allegedly fed him ‘cocktail’ of medications