Magellan Financial Group Ltd

MFG: XASX (AUS)
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Magellan Financial: To Be Renamed Barrenjoey; Greater Investment Banking Focus

Shareholders of Magellan voted to rename the group Barrenjoey Group at its annual general meeting. Alongside the vote, the firm gave a trading update that showed weaker revenue in financial markets and lower funds under management partly offset by strength in corporate finance.

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