Macquarie upgrades forecast
Improved trading conditions and the lower Australian dollar have seen Macquarie Group to upgrade its results forecast.
The group announced to the Australian Securities Exchange (ASX) today it now expected the Group's result for the full year ending 31 March to be up between 10 and 20 per cent, subject to the completion rate of transactions and the conduct of period end review.
The company said the short term outlook remained subject to a range of uncertainties including market conditions, the impact of foreign exchange, the cost of its continued conservative approach to funding and capital and potential regulatory changes and tax uncertainties.
Recommended for you
Evidentia’s chief investment strategist Nathan Lim has announced his retirement after a 30-year career.
GQG Partners has marked its fifth consecutive month of outflows as its AI concerns lead to fund underperformance but overall funds under management increased to US$166.1 billion.
Apostle Funds Management is actively pursuing further partnerships in Asia and Europe but finding a suitable manager is a “needle in a haystack”.
Managed account provider Trellia Wealth Partners, formed from the merger between Betashares and InvestSense, has appointed its first managing partner.
