Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.55% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is 1.36% higher so far after reporting profit growth in its half year report.

Blue Sky Alternative Investments Ltd (ASX: BLA) shares are down a further 9% this morning after it announced it would be making further changes to the business and withdrew its profit prediction.

The share price of Reece Ltd (ASX: REH) is currently unmoved because it’s in a trading halt after it announced it was making a $1.9 billion acquisition of MORSCO Inc, which is a plumbing business in the USA.

Orica Ltd (ASX: ORI) shares are down 6% after reported a loss in its half year result of $229 million.

The Magellan Financial Group Ltd (ASX: MFG) share price has fallen by 2.25% this morning after reporting in its April 2018 funds under management (FUM) update that it experienced net outflows of $268 million.

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