by Amruth Sundarkumar | Mar 3, 2023 | Corporates
Macquarie is planning a takeover bid of over over £5bn ($6bn) for M&G, a UK-based fund management and insurance group. M&G has a market capitalization of just over £5bn ($6bn) and was the former UK arm of Prudential. No final offer has been made yet and...
by Amruth Sundarkumar | Oct 11, 2022 | Banks, Credit Ratings
Macquarie Group was upgraded to A from A- by Fitch. Among the drivers for the upgrade is a low double leverage. Fitch explains this further by stating that the same factors that apply to Macquarie Bank also apply to Macquarie Group, given that the latter is the...
by Amruth Sundarkumar | May 6, 2022 | Banks
Macquarie Group reported net profits of AUD 4.7bn ($3.3bn) for FY 2022, up 56% YoY. Profit for the half year ending March 2022 was at AUD 2.7bn ($1.9bn), up 30% over the previous half-year. The group benefitted from its “Markets-facing activities”, which...
by Amruth Sundarkumar | Mar 28, 2022 | Banks
Australia’s Macquarie Group in a consortium with British Columbia Investment, has agreed to buy a controlling stake of 60% for £4.2bn ($5.5bn) in Britain’s National Grid’s gas network. The company also has on option to buy the remaining 40%. The company will...
by Megha Malhotra | Feb 8, 2022 | Banks, Financial News
Aussie lender Macquarie Group said that it reported record results driven by favorable market conditions and buoyed by a rapidly growing mortgage book. The group which does not disclose profit figures in quarterly updates, said that net profit contribution from its...
