SYDNEY, June 25, 2026, 04:07 (AEST)
- Macquarie entities are shown with 117.3 million Tabcorp shares, giving them 5.12% of the voting power
- Most of the holding is in managed and trustee accounts. Stock lending covers 15.4 million shares.
- Macquarie ended up 0.2% at A$250.12
Macquarie Group entities said Wednesday they now hold a substantial stake in Tabcorp Holdings. The firms reported a relevant interest in 117,296,116 shares, equal to 5.12% of voting power. Tabcorp has a rule capping individual voting power at 10%.
The filing doesn’t just show a Macquarie-owned position. In Australia, a relevant interest means having the power to vote or get rid of shares and can include managed accounts or borrowed stock. Macquarie Investment Management Global was shown as investment manager for 59.3 million shares. Macquarie Investment Management Australia had 39.6 million as trustee. Macquarie Bank held 15.4 million shares through stock-borrowing and lending deals.
Macquarie ended up 0.2% at A$250.12 on Wednesday. The S&P/ASX 200 edged 0.24% higher to 8,808.4. Financials were up 0.3%. National Australia Bank pushed most big banks higher, but ANZ slipped.
Westpac has brought in Richard Heeley as its new chief information officer. Heeley has been Macquarie’s CIO for banking and financial services since 2016. Westpac CEO Anthony Miller said Heeley “helped build and lead a successful digital bank.” Westpac
Australia’s consumer price index was up 4.0% year-over-year in May, easing from 4.2% in April. But trimmed mean inflation, which leaves out the biggest swings, moved higher to 3.6% from 3.4%.
RBA Deputy Governor Andrew Hauser said inflation is still “far too high” and the bank has “work to do.” The cash rate stands at 4.35% after three hikes this year. Reuters
Macquarie Asset Management and its partners put another 300 million pounds into Southern Water earlier this week, with most of the cash coming from Asterion Industrial Partners, which will get about a 20% stake if regulators sign off. This latest round tops up the equity investment to 1.2 billion pounds. “While there is more to do, the focus remains on continued delivery,” said Martin Bradley, senior managing director at Macquarie Asset Management. Macquarie
Tabcorp’s filing doesn’t fully show Macquarie’s risk position, since much of the stock is held in managed or trustee accounts. Asterion’s move into Southern Water has not cleared approval. If the utility faces setbacks or overruns, returns could fall.
Macquarie posted net profit of A$4.847 billion for the year to March 31, a 30% rise. Commodities and Global Markets brought in A$4.221 billion, jumping 49%. The company said 68% of total income came from international.
Macquarie’s annual meeting is set for July 23, which is the next time the company will talk to investors.
