Daily Stock Market Report (Wed 11th February 2026) - RWS, GLE, VP., IGR, GATC, BTRW, RENX, IOM

Good morning! I'm afraid there are several profit warnings sprinkled among today's updates.

That's all for today, thanks!
Spreadsheet accompanying this report: link.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Severn Trent (LON:SVT) (£9.1bn | SR61)Severn Trent Plc Trading UpdateOn track to meet environmental and operational targets. Financial performance in line with expectations. Expecting to deliver towards the top end of capital investment guidance range of £1.7 billion - £1.9 billion.Barratt Redrow (LON:BTRW) (£5.5bn | SR46)HY26 Interim ResultsA resilient performance in a subdued market. Adjusted operating profit, before “purchase price allocation” adjustments, at £210.2m down 0.3%. Net cash £174m. Full year adjusted profit before tax (very particularly defined) is expected to be within the current range of consensus estimates.AMBER = (Roland) [no section below]I think the key takeaways here are similar to those from Gleeson’s results today. Barratt’s management admits that gross margins fell in H1 as cost inflation and sales incentives exceeded a very modest increase in average selling prices. While trading is broadly expected and volumes rose slightly, profitability remains constrained.I think the reality is that while theoretical demand for housing is strong, affordability constraints are holding back...