Business
Macquarie Group flags $300m profit hit – The Australian Financial Review
Calmer markets in the period between March and September, as trading volatility subsided following the steepest bear market on record, has dampened Macquarie’s half-year income.
Macquarie, which generates revenue from helping clients trade and strike deals when the markets are stressed, said the strong client activity earlier in the year did not continue into the latter half and was not expected to continue in the near future.
Market conditions are likely to remain challenging, especially given the significant and unprecedented uncertainty caused by the worldwide impact of COVID-19 and the uncertain speed of the global economic recovery, the investment bank said.
The …
-
General11 hours agoAlleged Croydon Park gunman Artemios Mintzas charged with 25 offences
-
General24 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania
-
Noosa News18 hours agoPrime Minister Anthony Albanese calls for political temperature to be ‘turned down’ after alleged death threat
-
Noosa News12 hours agoPerth Royal Show attendance slumps to 10-year low