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Macquarie share trading halted

The Steam Packet Company’s owner has stopped trading its shares on the Australian Stock Market – as it prepares to release its latest financial figures.

Analysts in Australia say Macquarie Group shares were put on a trading halt after the investment bank said it was considering raising capital.

The firm is due to release figures tomorrow (Friday) which experts say could show the company’s full-year profits have fallen by up to 50 per cent, and its operating income by about 15 per cent.

Macquarie bought the Steam Packet Company in 2005.

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