Australia's Macquarie Group cuts dividend outlook, 'deeply' regrets Nuix IPO fallout

Australia’s Macquarie Group cuts dividend outlook, ‘deeply’ regrets Nuix IPO fallout
FILE PHOTO: The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a door to their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray
July 29, 2021
By Paulina Duran
SYDNEY (Reuters) -Australia’s Macquarie Group said on Thursday first-quarter profit for fiscal 2022 was up significantly from the pandemic-hit period a year earlier, but warned of lower dividends to come as it diverts cash to grow its business.
Chief Executive Shemara Wikramanayake also said during a virtual annual meeting that she regretted the impact on investors from the troubled 2020 IPO by Nuix Ltd, in which Macquarie had a 70% stake at the time. The software vendor has lost over half its value since then.

Related Keywords

Australia ,Bengaluru ,Karnataka ,India ,Sydney ,New South Wales ,Australian ,Arundhati Dutta ,Sameer Manekar ,David Gray ,Devika Syamnath ,Shemara Wikramanayake ,Paulina Duran ,Nuix Ltd ,Sydney Airport Holdings ,Australia Macquarie Group ,Goldman Sachs ,Macquarie Group Ltd ,Macquarie Group ,Reuters ,Executive Shemara Wikramanayake ,Ana Nicolaci ,ஆஸ்திரேலியா ,பெங்களூரு ,கர்நாடகா ,இந்தியா ,சிட்னி ,புதியது தெற்கு வேல்ஸ் ,ஆஸ்திரேலிய ,அருந்ததி தத்தா ,அதே மனேகர் ,டேவிட் சாம்பல் ,பலீந துரான் ,சிட்னி விமான ஹோல்டிங்ஸ் ,ஆஸ்திரேலியா மக்வரீ குழு ,கோல்ட்மேன் சாக்ஸ் ,மக்வரீ குழு லிமிடெட் ,மக்வரீ குழு ,ராய்ட்டர்ஸ் ,