(Bloomberg) -- Macquarie Group Ltd.’s earnings missed estimates as a plunge in profit from its commodities and global markets business dragged on the Australian firm’s performance.Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaIn Jamie Dimon's America, the Stock Market Has Alread
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Last Tuesday, FedEx Corporation (NYSE: FDX) shares tumbled almost 10% as the delivery company reported fiscal second quarter results below expectations and lowered its full year guidance. FedEx’s disappointing figures also dragged down the shares of its rival, United Parcel Service Inc (NYSE: UPS) by 2.9% on the day of the report. On December 21st, UPS lost its court battle against EU antitrust regulators who blocked its 2013 bid for Dutch rival TNT for a record $1.90 billion compensation claim.
Standalone profit for the three months ended September rose over two-fold to 5.61 billion rupees ($67.36 million), but fell short of analysts expectations of 6.28 billion rupees, per LSEG data.
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FTSE 100 Ends Three-Day Falling Streak After Mixed Updates morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
The FTSE 100 ended up 0.7% at 7,455.67 points, after three days of consecutive falls and a flurry of mixed results and trading updates. Plenty of companies are finding they cannot meet market...