Sharemarket and Market Trading News

Read the latest Australian sharemarket trading and Australian Business news.

Southern Cross Austereo (ASX:SXL) have released its first half report for FY 2013 to shareholders, traders and investors.

  • Southern Cross Austereo net profit was $45.1 million, down 52 percent from $94 million in the previous corresponding period.
  • The company was notably in the centre of a prank call scandal involving its 2DAYFM network, which resulted in a suicide and consequently advertisers exited the network.

Construction and maintenance company Transfield (ASX:TSE) have announced writedowns ahead of its half year results next week.

  • Transfield Services have announced an impairment of between $270 million and $285 million in relation to its asternwell Minerals exploration and marine geotechnical businesses, as well as its US downstream maintenance business, Timec.

Online auction website, TradeMe (ASX:TME) has released its first half results for FY 2013. Trade me is a website spun out of Fairfax in 2011.

  • Trade Me Net Profit $NZ37.4 million, up 2.7 percent from $NZ 36.4 million in the previous corresponding period.
  • The result surpassed a revised forecast from its initial public offer of $NZ34.8 million.
  • Trade Me Revenue up 18 percent to $NZ80.4 million.

Employment listings website, Seek (ASX:SEK) has released its first half results for the FY 2013 to shareholders, traders and investors.

  • Seek Net Profit $67.54 million, up 11.5 percent.
  • Seek Revenue from ordinary activities for the half lifted 32.7 percent to $277.9 million.
  • Earnings from its Australia and New Zealand employment business was steady at $120.9 million.

Global mining giant BHP Billiton (ASX:BHP) have announced its first half profits to shareholders, traders and investors participating on the sharemarket.

  • BHP Chief Executive Officer Marius Kloppers has retired from his role after 6 years at the helm. He will step down on May 10 2013.

Beverage company, Coca-Cola Amatil (ASX:CCL) have announced its full years results for 2012 to shareholders, investors and traders.

  • CocaCola $459.9 million Net Profit, down 22.6 percent year on year.

Brisbane's $4.8 billion Airport Link toll road operator, BrisConnections (ASX:BCS) has been put into voluntary administration.

  • BrisConnections board elected the company to go into voluntary administration.
  • The company has appointed the McGrath Nicol Partnership as voluntary administrators.

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