Australia's Macquarie Group fell more than 7% on the Sydney market today after incoming chief executive Nicholas Moore warned the group could find it challenging to beat last year's record profits of A$1.8bn (â¬1.1bn) given market conditions and the difficulty in forecasting results.
Announcing the group's 2007 results, where profits rose 23% for the year ended March 31, he said: "The current state of financial markets means that it will be challenging to repeat last yearâs record performance, but this may be achievable."
