Reuters: Hot Stocks: Australia's Macquarie falls after FY forecast lags

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia's Macquarie falls after FY forecast lags Feb 4th 2013, 23:12 SYDNEY | Mon Feb 4, 2013 6:12pm EST SYDNEY Feb 5 (Reuters) - Shares in Macquarie Group Ltd fell 3.9 percent on Tuesday after Australia's top investment bank forecast a smaller-than-expected 10 percent rise in 2013 profit. Macquarie said its capital markets businesses were facing subdued activity, while its expected tax rate would rise. Macquarie shares, up 55 percent in the past year, were at an intraday low of A$37.23 at 23:07 GMT, down 3.9 percent.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions