WDC

Shopping Centre Management Company, Westfield (ASX:WDC) have announced its full year financial results for 2012 to its shareholders and investors on the Australian stockmarket.

• Westfield Group had a full year profit of $1.718 billion up 18.3 percent on the prior corresponding period.

Australian property group, Westfield (ASX:WDC) is in confidential negotiations with financial services group, AMP (ASX:AMP) about a split in the shopping centre portfolio they own.

The holidays are over and companies are back in business to face the new year for the rollercoaster ride of share prices. The lists below are a record of the best and worst traded stocks in the ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange in the first week of 2012, January 2-6, 2012.

Best Performing Trade Stocks ASX100 (XTO)

ASX100

Westfield (ASX:WDC) yesterday posted $650.9 million net profit for the six months to June 30 with retails sales in the country and New Zealand shooting 4.6 percent. Sales in the United Kingdom jumped 8.1 percent while US sales rose 1.2 percent.

There are no upcoming floats but the rest of the board is filled on August 10, 2011.Five companies will have their extraordinary general meeting and four companies have upcoming dividends.

Dividends: ESV, RIO, WDC, WRT

There are four upcoming dividends for August 10, 2011 – eServglobal Limited, Rio Tinto, Westfield Group, Westfield Retail Trust.

Westfield (ASX:WDC) will sell its non-core assets worth $1.2 billion. Non-core assets are no longer useful or essential to the company, with the proceeds of their sale used to fund extra cash or pay debt. Westfield is set to publicly announce the sale of its US shopping centres.

Westfield (ASX:WDC) confirms profit guidance of $1.7 billion for 2011. Frank Lowly says the forecast is equivalent to 76.4 cents per security. "As we recently reported, the first quarter of 2011 has seen continued strong performance across the entire portfolio globally," he told shareholders.

Funds from operations were expected to range from $1.47 billion to $1.5 billion. Westfield is likely to pay 48.4 cents per security in 2011.

After "pleasing" sales results in local markets and in the United States, Westfield (ASX:WDC) has announced plans to step up expansion plans for the first quarter of this year.

In yesterday's update, Westfield's joint group managing directors Steven and Peter Lowy said the group has started its $490 million development activities in the three months to end of March.

Westfield (ASX:WDC) confirms forecast earnings and will start developmens in the next two years. The company has also stated that its net operating income is in line with the first quarter share trading forecast.