The Australian banking group that controls Southern Water, the utility company criticised for discharging sewage into the sea, has posted record profits after a boom in its commodities trading division.
Macquarie, which owns a string of UK infrastructure assets, recorded an annual net profit of A$5.18bn (£2.8bn), up 10% on the previous year. The profits outstripped analysts’ expectations of A$4.96bn for the 12 months to 31 March 2023.
