Australia’s Macquarie misses first-half profit forecasts on subdued energy trade; shares slide
By Rishav Chatterjee and Byron Kaye (Reuters) – Macquarie Group, Australia’s biggest investment bank by assets, posted first-half profit on Friday that fell short of analyst estimates as stabilising energy markets squeezed the commodities trading unit, its main earner, sending its share price sharply lower. Profit for the six months through September jumped 14% to…