Macquarie Group
Macquarie chief takes $7.6m pay hit as profits fall
Many of the investment behemoth’s top executives have had their pay cut by millions as green investments and lower commodity prices weighed on fiscal 2024 profits.
- by Millie Muroi
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Hydrogen
Macquarie exits BP’s $55 billion WA green energy project
Australia’s biggest renewable energy project in WA’s Pilbara region has lost the backing of “the millionaires factory” Macquarie Group.
- by Peter Milne
Macquarie boss flags lower profits amid deal-making slump
Macquarie chief executive Shemara Wikramanayake says confidence remains weak in the market for mergers and acquisitions despite the recent pause in interest rate rises.
- by Millie Muroi
Macquarie to fight illegal profiteering allegations in four US class actions
The energy trading arm of Macquarie Group faces claims it illegally profiteered from a deadly 2021 ice storm by deliberately pushing up gas prices by more than 1000 per cent.
- by Sarah Danckert
Macquarie profit sinks as commodities stabilise, deal-making slows
Macquarie boss Shemara Wikramanayake blamed lower volatility in commodity markets and a tough deal-making environment for the company’s lower profits.
- by Millie Muroi
Macquarie flags weaker first half as deal-making slows
Shares in the investment giant slumped after it warned of a weaker first half for its flagship asset management business.
- by Millie Muroi
Opinion
Aviation
The eye-watering bill that Qantas CEO Alan Joyce left his successor
A falling Australian dollar and rising interest rates that make debt more expensive will add to Qantas Group’s capital expenditure bill, which is already giant.
- by Anne Hyland
Macquarie chair Glenn Stevens warns on inflation as profits take a hit
The former RBA governor said he hoped he was wrong about inflation, as Macquarie profits in the June quarter came in “substantially lower” than last year.
- by Millie Muroi
Teo takes to the Himalayas to reflect on all the wrong things
Motorist enthusiasts have been invited to dine with the disgraced neurosurgeon to dissect his latest challenge ... a recent motorcycle trip to the Himalayas.
- by Charlotte Grieve and Amelia McGuire
Magistrate takes aim at fellow judges – and they are not happy
Local court magistrate Roger Prowse’s strange attacks on superior judges and NSW legislation earned a stinging rebuke from the Supreme Court.
- by Kishor Napier-Raman and David Estcourt
Farming and food the next green bonanza: Wollemi Capital
Agriculture could be transformed into a mainstream infrastructure asset class like solar and wind energy, says climate-focused investment firm Wollemi Capital.
- by Clancy Yeates