Rivals invite Macquarie to the table

Macquarie Bank may stand little chance of succeeding in its bid to buy London Stock Exchange, but the bid and other investment plans have helped the bank generate free media, with articles appearing on the front pages of the Wall Street Journal, the Financial Times and BusinessWeek. One difference to the bank’s plans is that the Australian market is likely to notice it in a ramp-up of Macquarie's already frenetic international deal-making. “We are included in more (deal discussions) than before,” the bank’s chief financial officer said. Macquarie also reiterate the bank's profit guidance, even though the bank would miss out on the performance fees on specialised funds in its March 2006 half year profit.

Advertisement