MQG

Macquarie Group (MQG)

Stock Code

MQG

Stock Exchange

Australian Securities Exchange

Macquarie Group (MQG) is a global provider of diversified financial services comprising banking, financial, advisory and investment services in Australia and selected financial services offshore. The Company’s head office is located in Sydney, Australia. Macquarie Group listed on ASX on 5 of November, 2007. Currently Macquarie has over 13,000 staff employed in 25 countries. The Company is organized in to seven divisions.

Macquarie Private Wealth Compliance Found to Be "Deficient" by ASIC


Macquarie Private Wealth, a retail division of Macquarie Group (ASX:MQG), has been found by the Australian financial watchdog ASIC (Australian Securities & Investments Commission) to have compliance deficiencies and have found that a significant number of advisers have breached compliance.

  • Four year covert surveillance by ASIC found that Macquarie Private Wealth (MPW) failed to give proper advice to clients and failed to keep proper client records.

Winners and Losers of Trading for Week 2


The year comes of with a rough start for some and a smooth for others as companies trade stocks for the second week of 2012. Here are the lists of the best and worst traded stocks in the ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange for January 9-13, 2012.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

Macquarie Profits Slide Due to Global Volatility


The country's only homegrown investment bank Macquarie Group (ASX:MQG) warned of a drop in its first-half profit as market volatility around the world hit its businesses.

The bank announced in a market update that its bottom line will be well below the forecast earnings, saying the month of August was more challenging than expected. It also said rising tax rates and the sluggish global economy slashed earnings in the six months to September.

Upcoming events in the Share Market on Thursday.


For tomorrow, July 28, 2011, four companies are going to have their meetings. There are no ex-dividends and floats to watch out for yet.

EGM/AGM: NWT, NSX, MBL, MQG

Newsa Limited and NSX Limited are going to have their extraordinary general meeting (EGM). On the other hand Macquarie Bank and Macquarie Group Limited are going to have their annual general meeting (AGM).

Possible Staff Cuts for Macquarie


Hundreds of jobs could be lost as the Macquarie Group, (ASX:MQG) faces a weak investment market. For the first time since early 2009, Macquarie shares dropped below $30 last week and prompted a Citigroup analyst to recommend workforce cuts.

Macquarie wages have recently fallen below international averages and staff had already been lost to Asian companies with more lucrative offers, according to chief executive Nicholas Moore.

Ken Savio Appointed as US Equities Chief for Macquarie


Macquarie Group (ASX:MQG) appoints Ken Savio as managing director and head of is securities in the US. The newly appointed chief was the former head of global entities at Cantor Fitzgerald.

Bottom Ten Performers Stock Market Trading ASX 100


Stock Market Trading Bottom Ten Performers on the ASX 100 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Stock Exchange (ASX) from the previous week of trading (14th week: 4th April to 8th April 2011). Other lists of ASX companies by market capitalisation.

Worst Australian Stocks of the Week: XTO


Worst Performing Australian Stocks of the Week on the ASX100 (XTO) for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (6th week: 7th February to 11th February 2011). Other lists of ASX companies by market capitalisation.

Macquarie Group Lower Profit Warning


Australian based investment bank, Macquarie Group (ASX:MQG) have announced a lower profit warning as a consequence of subdued global markets affecting the majority of its businesses. MQG said in an announcement to the stockmarket that it expects its second-half profit for the six months to the end of March 2011 to be around 5% lower than in the year-ago period.

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