Macquarie Group says it holds 5.12% stake in Tabcorp
Macquarie Group entities disclosed a 5.12% stake in Tabcorp Holdings, holding 117.3 million shares mostly through managed and trustee accounts. Macquarie shares closed up 0.2% at A$250.12. Australia’s annual inflation eased to 4.0% in May, but trimmed mean inflation rose to 3.6%. Westpac named Richard Heeley, Macquarie’s CIO for banking since 2016, as its new chief information officer.