Summary

• The ASX 200 retreated 0.9% from a near five-month high at the open despite the S&P 500 and NASDAQ closing at all-time peaks
• Seven Group reported a 42% fall in net profit to $115.8m, though revenue rose 12% to $4.56b to narrowly beat expectations
• A 72% drop in first-half profit for Eagers Automotive included a $40.4m impairment due to Holden’s departure from Australia
• Zip Co shares were up 12 per cent to new highs of $8.51 on the All Ords index after announcing its new Zip Business will partner with eBay