We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Exchange and smart

17 February 2006

Could it could go further? Possibly. But Macquarie s bid is now so off the pace that it doesn t need to bust a gut. It is wisely doubling its capital return to £510m. The exchange can sustain higher gearing and the move jacks up earnings sharply

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)