Trade Me in trading halt as Fairfax announcement looms

Sun, 17 Jun 2012

By Paul McBeth June 18 (BusinessDesk) - Shares in online auction house Trade Me have been put on a trading halt pending a material announcement. The Wellington-based company requested the halt in the lead-up to two statements, one from itself and one from parent Fairfax Media. Last week, Fairfax cut its full-year earnings guidance by 18 percent in what's shaping up to be its worst operating performance since 2008. The media company expects earnings before interest, tax, depreciation and amortisation of about A$500 million in the 12 months...

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