Macquarie plots $2b buyback; Bankman-Fried convicted; Qantas faces shareholder angst
Want to get this in your inbox at lunchtime every weekday? Financial Review subscribers can sign up for The Brief newsletter here. Plus start your day with our Before the Bell newsletter and read a full wrap of the day’s news in Market Wrap.
In today’s news, Macquarie Group reports a 39 per cent slump in first-half profits; a jury finds FTX founder Sam Bankman-Fried guilty and the Qantas’ board is likely to face heavy criticism today at its annual general meeting.
ASX rallies; Qantas faces shareholder angst The ASX rose 1 per cent, or 71.4 points, to 6971.4 near midday, buoyed by sharp gains in real estate and industrials stocks. Qantas rallied after its AGM kicked off, while Macquarie fell.
US voices support for pause in fighting as Blinken flies to Israel Ed Husic cautions against accusing Israel of ‘genocide’; Middle East fatalities climb above 9000; 23 Australians flee Gaza into Egypt. Follow live updates here.
Macquarie slowed by asset sales, plots $2b buyback Chief executive Shemara Wikramanayake said first-half results were “substantially down” due to persistent inflation and increased cost pressures.
Atlassian tumbles as investors lose appetite for loss-led growth Shares fell by more than 10 per cent after the company said that it lost $US32 million in the last quarter. However, it continues to invest in cloud and AI.
On Israel, ex-PMs reveal what they really believe in The position of seven former prime ministers on the war is a sign of where each stands compared to the parties they led.
Why ACCC’s Cass-Gottlieb is just getting started The corporate world thought the head of the competition regulator would be on its side but that’s not how it’s turning out.
Sam Bankman-Fried found guilty of fraud A US jury
Read more on afr.com
