Daily Stock Market Report (Tue 13th Jan 2026) - PSN, SHOE, GAW, GAMA, RPI, HTG, TRST, PAGE, TMG, SAG

Good morning!
The avalanche of year-end trading updates has landed.

Wrapping it up there for now! Thank you.
Spreadsheet accompanying this report: link (updated to 16th December).

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Rentokil Initial (LON:RTO) (£12.0bn | SR69)Directorate changeMike Duffy is appointed CEO from March. The outgoing CEO is thanked for his “enormous contributions”.Games Workshop (LON:GAW) (£6.2bn | SR78)Half-Yearly Report amp; DividendCore revenue +17% (£316m), licensing revenue £16m (H1 last year: £30m). Core operating profit +28.5% (£126.1m). £1.10 dividend declared bringing the total so far in FY26 to £4.85.GREEN = (Roland)Licensing revenue dropped in H1 and the receivables pipeline for the year ahead suggests a weaker performance is expected in H2 as well. However, the core retail business continues to grow and profitability remains exceptional, with margins above 40%. A 110p dividend declared today is a reminder of the group’s cash-generative quality and transparent policy on shareholder returns. While the stock might not be obviously cheap, I think the quality of this business justifies a stronger valuation than most others. On a medium-long term basis, I’m happy to maintain a positive view today.Persimmon (LON:PSN) (£4.5bn...