Treatment required?

Hi, I am a total gardening novice. I have a bush in my garden with what appears to be some fungal growth on it. Is anyone able to help with advice on what kind of "bush" this is and/or what the fungal growth is? Does it need treatment? As can be seen from the jpg's, I have recently given it a major "haircut" Thanks

 

Looks a bit like laurel to me, of some kind.
I tend to think that the stems with the fungus coming from them are eventually going to die.
Other than cutting them down a foot or so Lower that the fungus I don't think there is much you can do.

 

Laurus Nobilis, Bay tree

Tough and resilient to pruning.
I would amputate the fungal limb, possibly take cuttings from the healthy side, with a view to removing it completely in due course. Difficult to imagine that its proper shape can be recovered.

 

Thanks. The fungal limb is approx 8" in diameter and represents up to approx 25% of what is remaining of the tree - which has very recently been severely pruned down to half its original size. Is it possible that further major pruning before recovery from that very recent major pruning could prove too much for the tree? Are there any other "treatment" options?

 

My personal thoughts are, I'd get rid of it.
I dont know why so many people grow bay trees, they are just down right boring.

Other than cutting out the diseased parts I cant think of any other options