Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently up 0.14% at lunch.

Reporting season is in full swing. One of the businesses to report today has been AGL Energy Ltd (ASX: AGL), but it’s expecting a drop in profit in FY20 which sent the share price down 6%.

The Insurance Australia Group Ltd (ASX: IAG) share price is also down 5% after it reported to the market a fall in its cash earnings in the FY19 result.


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Furniture retailer Nick Scali Limited (ASX: NCK) has seen its share price increase by 6.7% after reporting another year of record profit, although it was only a small increase.

The share price of Rural Funds Group (ASX: RFF) is up 26.6% after the REIT responded to the Bonitas allegations and David Bryant said that he would be buying shares.

Disclosure: Jaz owns shares of Rural Funds at the time of writing, but this could change at any time.