At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. The benchmark index is currently up 0.45% to 7,092.5 points.
Here’s what is happening on the market today:
Macquarie full year results
The Macquarie Group Ltd (ASX: MQG) share price is rising on Friday after the release of its full year results. For the 12 months ended 31 March, the investment bank reported a 10% increase in net profit to $3.02 billion. This allowed the company to increase its final dividend by 86.1% to $3.35 per share. No guidance was given for the year ahead.
REA Group Q3 update
The REA Group Limited (ASX: REA) share price has been a positive performer on Friday. This follows the release of the property listings company’s third quarter update this morning. According to the release, REA Group delivered revenue growth of 8% to $225.6 million and EBITDA growth of 13% to $123.3 million. This means its EBITDA is now up 10% year to date.
News Corp update
The News Corp (ASX: NWS) share price is charging higher following the release of its third quarter results. The media company continued its solid recovery during the quarter, reporting revenue growth of 3% and EBITDA growth of 23%. On the bottom line, News Corp reported a third quarter profit of $96 million. This compares to a loss of $1 billion a year earlier.
Best and worst ASX 200 performers
The best performer on the ASX 200 on Friday has been the Appen Ltd (ASX: APX) share price with a 5% gain. This follows a ~20% decline on Thursday following the release of a presentation. The worst performer has been the Pro Medicus Limited (ASX: PME) share price with an 8% decline. This is despite there being no news out of the healthcare technology company. However, a number of high PE shares are under pressure today.