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I am neither and expert and nor a Guru but hope this helps:
There are two parts to your problem - 1) how to read data from external webesite 2) how to display in portal
If you can write a java code to read the data and store it in the DB then you are good with that, for 2nd part once your data is in DB you can write a business service and use that in a zone/portal. If you want to do it more FW way then design an MO/Bo for your external data and then create a to search portal for the BOs. again your Java code should now read the data from external source and add BOs and rest all can be done without any coding.
What do you mean by External Website?