|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||83.32 - 83.66|
|52 Week Range||72.23 - 96.34|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||18.14|
|Forward Dividend & Yield||2.94 (4.81%)|
|1y Target Est||N/A|
BHP Group could follow its rival Anglo-Australian miner Rio Tinto and exit thermal coal, according to analysts. In a recent strategy update, which picked out decarbonisation as a key strategic theme, BHP’s chief financial officer Peter Beaven said the company would focus on maximising value from its thermal coal assets “whether we are long-term owners or not”. Analysts at Macquarie Group think that is a signal that BHP will look to exit thermal coal, a fossil fuel that is burnt in power stations to generate electricity.
New advertisements for Sydney homes dropped 21.5% in the three months to April from a year earlier on the Domain real-estate website, according to a report on the site. Melbourne listings tumbled 23.3% and the number of new homes for sale there is at the lowest in almost a decade, Domain data show. The Reserve Bank of Australia on Friday slashed its growth forecasts as the crumbling housing market prompts householders to spend less.
Macquarie Group Ltd., the country’s largest investment bank, got the nickname in the go-go years before the 2008 financial crisis when returns ran freely and bonuses were rich. Its core units in infrastructure, asset finance and retail banking were branded “annuity-style” businesses in recognition of their steady but (mostly) unspectacular returns. Net income from its more volatile trading desk and investment bank — the so-called “market-facing” businesses — dwindled to bit less than a quarter of the total in its 2016 fiscal year.
Key InsightsShemara Wikramanayake, who took over as CEO five months ago, has started on a cautious note, saying this year’s result is currently expected to be slightly down on last year’s. That said, the bank tends to start conservatively before updating its profit targets throughout the year. The biggest boost last year came from the commodities and global markets division, where net income surged 65 percent, and Macquarie Capital, where profit jumped 89 percent, helped by the sale of Quadrant Energy.
Utility and telecom plays have been among biggest bets for Australian investment manager, but it's also selectively added U.S. port assets. Macquarie Group's (ASX: MQG) $1.78 billion purchase of the Long Beach Container Terminal is not its biggest deal ever. As reported in FreightWaves, a private equity fund backed by the Australia-based investment manager came out on top in the auction for the terminal owned by container shipping company Orient Overseas International, now part of Cosco.
Macquarie Group is shutting down its Canadian institutional equities business due to a prolonged slump in resource-related deals, The Globe and Mail newspaper reported on Monday, citing anonymous sources. A spokeswoman for the Sydney-headquartered investment bank declined to comment on Tuesday on the closure of the equities business when contacted by Reuters. "Macquarie remains committed to Canada, with more than 100 staff working across commodities trading and hedging, corporate finance and advisory ... in a range of sectors," the spokeswoman said.
Orient Overseas International Ltd (OOIL) said on Tuesday it has agreed to sell its Long Beach container terminal to a subsidiary of Australia's Macquarie Group for $1.78 billion. The Hong Kong-based shipping line last year said it would sell the container terminal after it was taken over by China's COSCO Shipping Holdings Co . COSCO had agreed with the U.S. government to do so in order to gain clearance for the $6.3 billion deal.
Infrastructure fund Macquarie has kicked off the sale of its Renvico wind farm portfolio located in Italy and France worth around 400 million euros ($450 million), four sources familiar with the matter said. Macquarie was not immediately available to comment. Renvico, founded in 2015 when Macquarie bought the green energy business of Italy's Sorgenia Group, manages wind farms in Italy and France with a total capacity of around 334 megawatts.
Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group , today announced the appointment of Timothy Alden as a Managing Director.
ADR: MQBKY), today announced that the company received a perfect score of 100 percent on the Human Rights Campaign’s 2019 Corporate Equality Index (CEI). The index is the national benchmarking tool on corporate policies and practices pertinent to lesbian, gay, bisexual, transgender and queer (LGBTQ) employees. The CEI is the preeminent scale used to evaluate businesses’ workplace culture, and in particular, metrics of LGBTQ equality and inclusion that examine: nondiscrimination protections, spousal and partner benefits, transgender inclusive healthcare coverage and public engagement and institutional support.
The Australian financial giant more than doubled its investment in Qualcomm, the only one of the five stocks lagging behind the S&P 500 so far this year.
SAO PAULO/RIO DE JANEIRO, March 18 (Reuters) - Australia's Macquarie Group is leaving one of the groups that will present a new bid for a gas pipeline network put on sale by Brazil's state-controlled oil company Petrobras, three sources with knowledge of the matter said on Monday. The other members of the group, sovereign wealth fund GIC Pte Ltd and Brazilian investment firms Itausa Investimentos Itau SA and Cambuhy Investmentos SA, will present a new bid for the pipeline network by the April 2 deadline, the sources said. The sale of TAG, as the pipeline network is known, is expected to be the largest divestment in Petroleo Brasileiro SA asset sale program.
The Australian bank's Macquarie Infrastructure and Real Assets (MIRA) arm did not disclose the financial terms of the deal in its emailed statement to Reuters. MIRA acquired its initial stake in Brussels Airport as part of the airport's privatisation in 2004.
Bankruptcy lawyers who have found buyers for most of the operations of Waypoint Leasing Holdings Ltd., a helicopter-leasing business focused on serving offshore oil drillers, have asked a bankruptcy judge to allow a group of lenders to take over the last remaining batch of assets. of the U.S. Bankruptcy Court in New York to allow lenders organized by Wells Fargo Bank N.A. to take over four trusts that own aircraft.
Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group , today announced the hiring of Chris Rutherford as a Managing Director.
Macquarie Capital Venture Studio, the infrastructure-focused acceleratoraffiliated with the nearly $500 billion-dollar investment firm MacquarieGroup, has added three companies to its portfolio
Macquarie Group, the world's largest manager of infrastructure assets, has seeded money in a map system for drones and an electric-vehicle sharing business, it said on Monday. The investments highlight how money managers are looking beyond traditional infrastructure projects, such as toll roads and airports, to burgeoning technologies. "The overarching theme is that technology is revolutionizing the infrastructure world," Stephan Feilhauer, senior vice president at Macquarie Capital, said in an interview.
Mar.21 -- Wendy Huang, head of internet, media and education research for Asia at Macquarie Group, talks about Tencent Holdings Ltd.'s results and outlook. Tencent posted a slump in fourth-quarter earnings on increased spending as its prized games business showed signs of recovery after a brutal 2018. Huang speaks on "Bloomberg Daybreak: Asia."