The market is down 39. The SFE Futures were down 57 this morning.

Wall Street closed down 134 overnight. The Dow and the S&P 500 fell for the 4th straight day. Existing homes sales fell 27% in July to reach a record low. Consensus was for a 12.9% fall. Metals were mostly down on the LME, the oil price fell $1.47 to $71.63 and Gold was up $4.90 to $1233.40. The Aussie dollar fell to 88.25c from 89.06c.

Busy day on the results front…

  • Worley Parsons (WOR) down 7.37% on net profit of $291.1m for the year. This was below consensus estimates of $307.7m but was within its guidance given in January of $280m-$300m.
  • Pacific Brands (PBG) up 14.12% net profit was better than expected at $52.7m up from a net loss of $234.5m last year. Expects to resume dividends following the first half 2011 result.
  • Asciano (AIO) above guidance — FY EBITDA of $723.7m, was above guidance and consensus of $700m. They will adopt a distribution payout ratio of 20-30%. Price up 2c to 168.5c.
  • IRESS Market Technology (IRE) — Underlying profit came in at $28.1m, up 6.5%. Net profit was $26.9m, up from $20.7m last year. Declared a final dividend of 14c, up from 13c last year. IRE down 15c to 820c.
  • Hastie Group (HST) — down 7.55% Announced a 31.7% fall in FY profit to $39.8m. Declared a final dividend of 4c ff taking the total dividend for the year to 9c.
  • MAP Group (MAP) — up 3.5%. Net profit came in at $19.72m. Revenue was up 5.4% to $480.94m and they declared an interim distribution of 11c.
  • Suncorp-Metway (SUN) — up 4.11%net profit ahead of consensus at $780m for the year and ahead of estimates of $733m. Final dividend of 20c.
  • Seven Group Holdings (SVW) has reported a net profit of $718m for the 2 months to June 30. A dividend of 18c a share will be paid. SVW up 0.81%.
  • Super Cheap Auto (SUL) — FY profit up 18.4% to $38.0m, up from the previous year. SUL up 1.06% to 570c.
  • Ausenco (AAX) down 3.17% — reports a net loss after tax of $19.6m, down from $12.2m in FY2009 but below GSJB Were estimates of a $17.2m loss.
  • Transpacific Industries Group (TPI) — FY Result better than expectedAnnounced a $59m profit, ahead of consensus estimates of $53.5m. Won’t pay a final dividend. TPI up 0.45%.
  • OZ Minerals (OZL) — Underlying profit rebounded to $230.5m after tax from an $89.9m loss the previous year. Analysts had expected $200.35m. Interim dividend of 3c a share. OZL up 1c to 124c

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