Daily Stock Market Report (Fri 16th Jan 2026) - POLR

Good morning!

Today's Agenda is complete.
Spreadsheet accompanying this report: link (updated to 16th December)

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Ninety One (LON:N91) (£2.1bn | SR84)Q3 2026 AUM UpdateAUM at 31 December 2025 of £159.8 billion (30 September 2025: £152.1 billion; 31 December 2024: £130.2 billion).Genus (LON:GNS) (£1.75bn | SR56)Half Year Trading Update – Ahead of expectationsH1 adjusted PBT tax of approximately £50m, which is ahead of expectations. Including a milestone payment, adj. PBT is £55.6m. The Board now expects FY26 adjusted profit before tax (excluding the milestone payment) to be moderately above the top-end of current market expectations (£82.7m to £85.0m).Bodycote (LON:BOY) (£1.33bn | SR85)Acquisition Of Spectrum Thermal ProcessingAcquires Spectrum Thermal Processing, an Aerospace and Defence focused heat treatment provider based in Cranston, Rhode Island, for a cash consideration of approximately $8m.Impax Environmental Markets (LON:IEM) (£775m | SR)Proposed Tender OfferReaction to Saba, their largest shareholder, “in response to Saba's relentless pursuit of short-term objectives at the expense of IEM and the wider UK investment trust sector.” If Saba does not tender all of their shares under this “Continuation Tender...