Financial markets — it’s a jungle in there. By Stephen Mayne.
Macquarie Group
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Climate change, politics and the Franz Glacier … Zimbabwe … Schapelle Corby and baggage handlers … nuclear weapons …
Babcock holds the line as debt-laden funds hit new lows
It seems bizarre for Babcock & Brown to have a $750 million net profit forecast when about half of this is expected to come from one deal. Stephen Mayne reports.
Can clean energy deliver Babcock a true wind fall?
Babcock & Brown Winsdis the jewel in the Babcock crown and a great Australian success story that is now being partially offloaded, writes Stephen Mayne.
Low doc securitisation finds a few buyers
Macquarie Bank’s mortgage funding business Puma has priced the first low doc mortgage securitisation by an Australian issuer this year, writes Ian Rogers.
Can Australia come of age in corporate governance campaigning?
The Wilderness Society had a major win in lobbying ANZ to walk away from its long-term role as lead banker to Gunns, but this doesn’t mean the $2 billion Tamar Valley pulp mill is dead, writes Stephen Mayne.
Macquarie does nothing as Babcock reviews everything
Two big players in infrastructure have two very different ways of facing their shareholders, writes Stephen Mayne.
Curtain to fall on the flawed Macquarie Model
Macquarie Airports chairman Max Moore-Wilton has made millions helping the Millionaire Factory double the value of Sydney Airport. Yesterday he was keen to trumpet this achievement, writesStephen Mayne.
We comb the 224-page MacBank report (so you don’t have to)
Macquarie Bank doesn’t make it easy for investors to gauge exactly how stable their earnings are, writes Adam Schwab.
Millionaire Factory makes $1.8bn, then loses $1.9bn
Despite big losses following Allan Moss’s profit presentation, there are some impressive numbers in Macquarie’s results, writes Stephen Mayne.
Macquarie’s millionaires feel hip-pocket pinch
For the first time since Macquarie Bank listed in 1996, pay packets at the Millionaire Factory have fallen, writes Stephen Mayne.
Macquarie still bullet proof, but shares fall and bosses take pay cut
At 8.30am this morning, Australia’s unique Millionaires Factory unveiled a paper deluge on the market. So what was in it? Stephen Mayne takes a look.
Taxi! All hail the Macquarie model
After a decade of glorious profits the Macquarie model is now under severe stress, but is the Millionaire Factory taking a backward step? Not on your Nellie, writes Stephen Mayne.
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Earth Hour … from Tampa refugee to Kiwi spelling whiz … Mark Latham … The Macquarie infrastructure model is dead … Justine Elliot … JP Morgan’s lawyers …
United Group CEO goes debt-free, will Macquarie follow?
Margin loans over shareholdings are now such a dirty word that we’re seeing CEOs selling shares just to be able to declare they are completely debt free, writes Stephen mayne.
Australian credit crisis round-up
The Australian stock market suffered its 9th straight loss today and is now perilously close to having dropped 25% from its peak, writes Stephen Mayne.
MacBank foreshadows a dip in profits
Macquarie Group has issued a guarded warning that its 2008 profit might be more impacted by the credit freeze and drop in stockmarkets than previously acknowledged, writes Glenn Dyer.
Macquarie battens down the hatches
As the highly geared and financially engineered fall, investors are looking at Macquarie, the country’s pre-eminent team of financial engineers, as a guide to what is going to happen next, writesGlenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Memo MacBank staff: thanks for the profits
In recent months Macquarie Bank employees in AWAs have been forced to work public holidays, weekends and late nights with no compensation. No wonder they are posting record profits — on Friday they received an email thanking them for their contribution…
