Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.
Australia’s biggest renewable energy project in WA’s Pilbara region has lost the backing of “the millionaires factory” Macquarie Group.
Macquarie chief executive Shemara Wikramanayake says confidence remains weak in the market for mergers and acquisitions despite the recent pause in interest rate rises.
The energy trading arm of Macquarie Group faces claims it illegally profiteered from a deadly 2021 ice storm by deliberately pushing up gas prices by more than 1000 per cent.
Macquarie boss Shemara Wikramanayake blamed lower volatility in commodity markets and a tough deal-making environment for the company’s lower profits.
Shares in the investment giant slumped after it warned of a weaker first half for its flagship asset management business.
A falling Australian dollar and rising interest rates that make debt more expensive will add to Qantas Group’s capital expenditure bill,which is already giant.
The former RBA governor said he hoped he was wrong about inflation,as Macquarie profits in the June quarter came in “substantially lower” than last year.
Local court magistrate Roger Prowse’s strange attacks on superior judges and NSW legislation earned a stinging rebuke from the Supreme Court.
Agriculture could be transformed into a mainstream infrastructure asset class like solar and wind energy,says climate-focused investment firm Wollemi Capital.
Macquarie Group’s rapid growth in mortgages has slowed sharply,which could be a sign the investment giant is happy to sit out a period of fierce competition.