Business
Millionaire’s factory punctured by COVID-19 – Small Caps
In yet more evidence that nobody is immune from the financial ravages of the COVID-19 pandemic, the so-called millionaire’s factory – Macquarie Group (ASX: MQG) – has warned that its earnings have been slashed by 35% in the current half year and the future is…
In yet more evidence that nobody is immune from the financial ravages of the COVID-19 pandemic, the so-called millionaires factory Macquarie Group (ASX: MQG) has warned that its earnings have been slashed by 35% in the current half year and the future is highly uncertain.
The investor update by Macquarie sent its shares down as much as 5% after Australias biggest international investment bank said it could not provide meaningful guidance for the year due to the pandemic-driven uncertainty.
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