Australia's Macquarie Has Record Year But Profit Warning Triggers Share Slide

Australia’s Macquarie Has Record Year But Profit Warning Triggers Share Slide

By Byron Kaye and Savyata Mishra (Reuters) -Australia’s Macquarie Group Ltd posted forecast-beating record annual profit powered by a surge in commodities trading and frenzied M&A activity, but it also warned earnings would decline, sending its shares tumbling. Shares in the financial giant slid 8% by midsession on Friday, their biggest fall in two years,…

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