Markets: The week that was

Despite an avalanche of earnings delivered this week, investors' attention was distracted by a few big deals and global events.

Reporting season was in full swing this week and around 126 of the 193 companies due to report have now fronted up to the market. Despite all of the earnings excitement, some bigger issues took the stage.

Does Packer know something we don’t?

On Thursday, James Packer sold his stakes in advertising employment classifieds website, Seek Limited and fund manager Magellan Financial Group.

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