MQG
Macquarie Group Ltd
Director Trades
| Date | Director | Value |
|---|---|---|
| S. Hurwitz | $260,325 | |
| J. Broadbent | $250,690 | |
| P. Coffey | $115,394 | |
| J. Broadbent | $68,931 | |
| J. Broadbent | $98,251 |
Company News
Battle for Deposits Heats Up as Interest Rates Fall
If there is one thing your bank hates to do, it is to pay you a high interest rate on your “at call” savings, which is why most banks and other savings institutions now put some really difficult barriers and hoops in the way of you earning their top interest rates. Some of them force […]
Want to buy some cut-price shares?
What would your reaction be if I told you I could get you some shares at a price that is significantly less than what they are actually worth? Well, most people would say here is a wheelbarrow, fill it up with shares but as always there is something of a catch. It is possible to […]
Banks are back as dividends rebound
The bank bonanza is officially back, with profits and dividends bouncing back strongly after the COVID-19 pandemic. Westpac (ASX: WBC) showed the way with a better-than-expected half-year cash profit which was up 256% from last year’s gloom to $3.5 billion, with the dividend lifted to 58c. More importantly, Westpac chief executive Peter King also outlined […]
Fortescue charged by WorkSafe, NAB invests in banking hub and BHP reports worker death
Fortescue Metals Group (ASX: FMG) has been charged by WorkSafe for failing to supply documents relating to 34 cases of alleged sexual harassment at three Western Australian mine sites. The incidents allegedly happened at FMG’s Pilbara iron ore mining operations – Christmas Creek, Solomon and Cloudbreak. The number of victims and offenders is unclear. FMG […]
Imugene reveals positive trial, Evolution Mining downgrades gold production forecast and BHP announces ‘nature positive’ pledge
Imugene’s (ASX: IMU) share price rocketed this week following the announcement its lead candidate HER-Vaxx increased the survival rate in patients with advanced gastric cancer. The clinical stage immuno-oncology company announced positive survival rates for its HER-Vaxx drug during a phase 2 clinical trial. HER-Vaxx is a B-cell immunotherapy candidate used for the treatment of […]
Are rising interest rates really good for banks?
A confusing thing happened in the wake of last week’s decision by the Reserve Bank of Australia’s board to ramp up interest rates more quickly with a 0.5% rise. While it is accepted wisdom that rising rates are great for banks because they widen their net interest rate margins and plump up their profits, the […]
Macquarie sells Axicom, Telstra first female CEO, Pilbara Minerals continues to gain
ASX-listed majors across banking, telecommunications, biotechnology and mining posted a solid performance this week, with investment banking giant Macquarie Group (ASX: MQG) selling its stake in Axicom in a transaction worth US$2.68 billion (A$3.58 billion). Owned by a consortium led by Macquarie Infrastructure and Real Assets, UniSuper and UBS, Axicom was sold to a telecom […]
Macquarie set to redeem itself with $1.5 billion Nuix float
Some investors may have been shocked by Macquarie Group’s (ASX: MQG) 35% net profit slump but there is every chance that the investment bank could come back bigger and stronger. One of the ways it could do just that is through the much awaited $1.5 billion float of its data analytics startup Nuix. The stars […]
Millionaire’s factory punctured by COVID-19
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 highly uncertain. The investor update by Macquarie sent its shares down […]
Australia’s banking sector is about to experience major changes
Finally, Australia’s big bankers can relax for a little while as their time of giving evidence before the Hayne Royal Commission comes to an end. However, the relief will very short lived because while they are taking a short break from making apologies and enduring withering cross examinations, Commissioner Hayne will be busily preparing his […]
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