Macquarie upgrades forecast
Improved trading conditions and the lower Australian dollar have seen Macquarie Group to upgrade its results forecast.
The group announced to the Australian Securities Exchange (ASX) today it now expected the Group's result for the full year ending 31 March to be up between 10 and 20 per cent, subject to the completion rate of transactions and the conduct of period end review.
The company said the short term outlook remained subject to a range of uncertainties including market conditions, the impact of foreign exchange, the cost of its continued conservative approach to funding and capital and potential regulatory changes and tax uncertainties.
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