logo
  

Macquarie Upgrades FY21 Outlook

Macquarie Group Limited (MQG.AX,MQBKY.PK) said it now anticipates fiscal year 2021 results to be slightly down on fiscal year 2020, compared to the prior estimation of significantly decline.

Looking ahead, the company said market conditions are likely to remain challenging, especially given the significant and unprecedented uncertainty caused by the worldwide impact of COVID-19 and the uncertain speed of the global economic recovery, making short-term forecasting extremely difficult.

The company noted that it remains well-positioned to deliver superior performance in the medium term Deep expertise in major markets.

The company noted that its annuity-style businesses' combined third-quarter net profit contribution up on the prior corresponding period.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
After Disney World, retail giant Walmart Inc. (WMT) makes it mandatory for all its employees to wear mask on their facilities in the "high-risk" states where the Delta variant of Coronavirus has become menacing. The orders will be in effect immediately. The Center for Disease Control and Prevention... Generac Power Systems is recalling 325,735 units of Generac and DR 6500 Watt and 8000 Watt portable generators for potential risk of finger amputation and crushing hazards, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. These include 4,575 units sold in Canada. Omaha, Nebraska- based Greater Omaha Packing is recalling around 295,236 pounds of raw beef products citing the possible presence of E. coli O157:H7, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. The raw beef products intended for non-intact use were produced on July 13.
RELATED NEWS
Follow RTT