Australia's Macquarie posts record gains on surge in commodity trading, M&As

Australia's Macquarie posts record gains on surge in commodity trading, M&As

The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia. REUTERS/David Gray

Australia’s Macquarie Group Ltd posted a forecast-beating record annual profit powered by a surge in commodities trading and frenzied M&A activity, but it also warned earnings would decline, sending its shares tumbling.