MCQEF - Macquarie Group Limited
| Previous close | 111.35 |
| Open | 112.43 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 112.43 - 114.38 |
| 52-week range | 98.50 - 135.16 |
| Volume | |
| Avg. volume | 473 |
| Market cap | 44.205B |
| Beta (5Y monthly) | 1.12 |
| PE ratio (TTM) | 13.28 |
| EPS (TTM) | 8.61 |
| Earnings date | N/A |
| Forward dividend & yield | 5.04 (4.41%) |
| Ex-dividend date | 15 May 2023 |
| 1y target est | 106.38 |
ReutersMacquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 19.3 billion euros respectively. TIM has deemed both not yet adequate.
The GuardianUK ministers urged to intervene if Australian bank takes 100% of gas business
Macquarie has option for all of National Grid gas transmission and metering despite tainted history of owning utilities
- Reuters SG
KKR, Macquarie eyeing Singapore's waste management firm SembWaste - sources
U.S. private equity group KKR & Co Inc and Australia's Macquarie Asset Management are among potential bidders for the waste and recycling management arm of Singapore's energy group Sembcorp in a deal that could value the unit at around $500 million, said two sources with knowledge of the matter. Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC to run the sale of SembWaste, according to the sources.
ReutersMacquarie posts record profits on higher income from commodities arm
(Reuters) -Australia's Macquarie Group on Friday forecast higher short-term income from its lucrative commodities trading business as price volatility and increased hedging boosted the company's annual profit to a record high. The Ukraine war and unpredictable weather in North America have turned Macquarie's oil, gas and power trading unit into a strong profit-making segment, even if prices fall, due to elevated risk management levels and improved trading. The Sydney-based firm's Commodities and Global Markets (CGM) segment posted net profit of about A$6 billion ($4 billion), 54% higher than last year, as more customers hedged against volatile energy markets.
- Reuters SG
UPDATE 6-Singapore's Keppel revamps, aims to manage $150 bln of assets by 2030
Singapore's Keppel Corp said on Wednesday it would transform itself into an asset manager overseeing $150 billion by 2030 and focusing on green energy, betting it would provide more stable revenue streams and earnings. The plan, which would quadruple its managed assets and see it operate more like Canada's Brookfield Asset Management and Australia's Macquarie Group Ltd, marks a new chapter for Keppel, which traces its roots to a small ship repair yard corporatised in 1968.
ReutersEnel close to Greek renewables stake sale to Macquarie -sources
ATHENS (Reuters) -Italy's Enel is expected to finalise by May a deal for the sale of around a 50% stake in its Greek renewables unit to Australia-based Macquarie Group, two sources close to the matter said on Thursday. Enel said in November it was looking for a partner willing to buy part of Enel Green Power Hellas and invest in its development. Enel Green Power Hellas has 59 plants totalling 482 megawatts (MW) of operated capacity powered by renewable wind, solar and hydro energy, according to the company's website, and six solar plants of 84 MW under construction.
ReutersMacquarie to invest in Austrian car park company Best in Parking
Infrastructure fund Macquarie Asset Management said on Wednesday it has agreed to buy a minority stake in Austrian car park company Best in Parking AG, as the sector recovers from lockdowns and aims for a boost from electric vehicles (EV). Macquarie, which already owns Telpark, a car park business in Spain, said it would support Best in Parking to double its EV charging access points to 1,000 by 2025. It did not disclose the amount of the deal, which is expected to be completed in the third quarter, but said Austria's Breiteneder family and its private foundation would retain a majority stake.
ReutersMacquarie Group hires Credit Suisse's top Australian dealmaker - memo
SYDNEY (Reuters) -Macquarie Group has hired Credit Suisse's top Australian dealmaker Dragi Ristevski, according to a memo from the bank. Ristevski has been Credit Suisse's head of investment banking and capital markets.
- Reuters SG
UPDATE 2-Indonesia's Merdeka Battery set to price shares at top in $586 mln IPO
Indonesian nickel firm PT Merdeka Battery Materials plans to price its shares at 795 rupiah each, at the top of the range for its initial public offering (IPO) to raise 8.75 trillion rupiah ($586.46 million), two sources with direct knowledge of the matter said. As Indonesia steps up its efforts to become a major player in the electric vehicle industry and enjoys a flurry of IPOs, the pricing would make Merdeka Battery's IPO the second largest in Indonesia this year after its peer PT Trimegah Bangun Persada raised 10 trillion rupiah. Merdeka did not immediately respond to a request for comment.
- Business Wire
Delaware Ivy High Income Opportunities Fund announces completion of reorganization into abrdn Income Credit Strategies Fund
PHILADELPHIA, March 13, 2023--Today, Delaware Ivy High Income Opportunities Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH," announced that the acquisition of substantially all of the assets of the Fund by abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP," was completed on March 10, 2023 at approximately 5:00 pm ET (the "Reorganization"). Fund shareholders
- Reuters SG
UPDATE 2-DBS chief Gupta's pay climbs 13% to $11.4 million as bank profit soars
DBS Group Chief Executive Piyush Gupta earned S$15.4 million ($11.4 million) in 2022, a 13% increase in what was a banner year for Southeast Asia's biggest lender. The big payday for Gupta, 63, comes after DBS logged record net profit of S$8.2 billion last year, up 20% on the year, as banks reaped the benefits of higher interest rates. "We expect that as our digital transformation becomes more pervasive, an ROE of 15% is sustainable if interest rates do not return to the unusually low levels seen during most of the past decade," Gupta said in the annual report.
ReutersItaly close to approve CDP, Macquarie bid for TIM's grid- Bloomberg News
Acceptance of the bid by CDP and Australia's Macquarie could be announced this month, the report said, adding that a final determination hasn't been made. The news comes after TIM said last month an offer for its network grid tabled by U.S fund KKR & Co Inc "does not wholly reflect the value of the asset". TIM said its objective was to facilitate an improved offer by the end of March.
ReutersAustralia's Macquarie explores $6 billion deal for Britain's M&G, Sky News reports
Macquarie is yet to make an approach to M&G's board, according to the report. Macquarie is unlikely to keep M&G's insurance operations, the report added, and could either partner with a firm that could acquire that part the business or look to sell after completing the takeover. M&G did not immediately respond to a Reuters request for comment while Macquarie declined to comment on the report.
- Business Wire
Delaware Ivy High Income Opportunities Fund Announces Final Distribution Amounts
PHILADELPHIA, February 24, 2023--Today, Delaware Ivy High Income Opportunities Fund (the "Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH", announced that the Fund will make a final distribution of $0.149 per share in connection with the reorganization of the Fund into abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP" (the "Reorganization"). The final distribution will
- Business Wire
Delaware Ivy High Income Opportunities Fund Announces Estimated Final Distribution Amounts
PHILADELPHIA, February 01, 2023--Today, Delaware Ivy High Income Opportunities Fund (the "Acquired Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "IVH", announced that the Acquired Fund will make final distributions in connection with the reorganization of the Acquired Fund into abrdn Income Credit Strategies Fund (the "Acquiring Fund"), a New York Stock Exchange-listed closed-end fund trading under the symbol "ACP" (the "Reorganization"). The final distributio
- Business Wire
Delaware Ivy High Income Opportunities Fund Announces Distribution
PHILADELPHIA, January 04, 2023--Today, Delaware Ivy High Income Opportunities Fund (the "Fund"), a New York Stock Exchange– listed closed-end fund trading under the symbol "IVH," declared a monthly distribution of $0.0932 per common share. The monthly distribution is payable January 27, 2023 to shareholders of record at the close of business on January 20, 2023. The ex-dividend date will be January 19, 2023.
- Business Wire
Delaware Ivy High Income Opportunities Fund Re-Declares Monthly Distribution
PHILADELPHIA, December 12, 2022--Today, Delaware Ivy High Income Opportunities Fund (the "Fund"), a New York Stock Exchange– listed closed-end fund trading under the symbol "IVH," re-declared a monthly distribution of $0.0932 per common share. The monthly distribution is payable December 30, 2022 to shareholders of record at the close of business on December 23, 2022. The ex-dividend date will be December 22, 2022.
ReutersMacquarie sees more commodities unit strength after profit jumps
(Reuters) -Australia's Macquarie on Friday forecast stronger short-term income from its commodities trading business, after the unit tapped volatile oil and gas prices to boost profit in the first half, sending its shares higher. Financial conglomerates such as Macquarie have benefited from sharp volatility and supply chain disruptions in commodities markets that began in 2020 and increased this year with Russia's invasion of Ukraine. The Sydney-based firm's Commodities and Global Markets (CGM) segment delivered a net profit contribution of about A$2 billion, 15% higher than last year, thanks to more clients hedging against volatile energy markets.
ReutersFrench utility Veolia agrees to sell Suez UK assets to Macquarie for 2.4 billion euros
PARIS (Reuters) -French utility company Veolia confirmed it would sell Suez's UK waste business to Australia's Macquarie Group Ltd for around 2.4 billion euros ($2.4 billion), a deal aimed at resolving antitrust concerns. Earlier, Veolia said that it was proposing to sell off its former rival, Suez's UK waste business, after Britain's Competition and Markets Authority (CMA) raised objections to the Veolia/Suez combination. Veolia's shares rose around 3% in early trading, top performer on Paris' SBF-120 equity index.
MediaOutReachMacquarie Asset Management Acquires Significant Minority Stake in ST Telemedia’s VIRTUS Data Centres
LONDON, UK - Media OutReach - 2 August 2022 - ST Telemedia Global Data Centres (ST Telemedia) has reached an agreement for Macquarie Asset Management, via Macquarie European Infrastructure Fund 7, to acquire a significant minority stake in leading data centre provider VIRTUS Data Centres (VIRTUS). VIRTUS provides colocation and cloud connectivity services to blue-chip clients, including global technology companies and enterprise clients. Its portfolio comprises 11 data centre facilities in Great