Macquarie shares soar
INVESTMENT bank Macquarie Group enjoyed strong demand for a capital raising launched to help fund a massive car financing business acquisition.
MACQUARIE Group shares have jumped after the investment bank enjoyed strong demand for its $400 million share placement to institutional investors.
MACQUARIE will issue five million new shares at $80 each to part-fund its $8.2 billion acquisition of ANZ's Esanda car leasing and financing business.
Bad news for home buyers after rate cut
The Australian housing market has surged to a new record on the back of interest rate cuts, completely reversing a soft start to the year.
Star Entertainment enters into trading halt
The embattled Star Entertainment Group has failed to lodge its half-yearly results with the ASX.
Millions of Aussies to get rate cut today
Rate relief for millions of Australians starts on Friday as the first of the big four banks finally pass on the RBA’s rate cut to mortgage holders.