Daily Stock Market Report (Mon 16th February 2026) - Agenda

Good morning and welcome to today's report. 
Today is Presidents' Day in the US, so American markets will be closed and there will be no news from US companies. 
Today's agenda is now complete.

Spreadsheet accompanying this report: link.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur View (Author)Conduit Holdings (LON:CRE) (£653m | SR56)Directorate changesNicholas Shott appointed as Chair of the Board He is an existing non-executive director.Pinewood Technologies (LON:PINE) (£502m | SR28)Response to Statement by Apax Partners LLPOn Friday Apax said it no longer intends to make an offer for Pinewood due to “challenging market conditions”. In today’s update, Pinewood’s Board reiterates their confidence the company can achieve its FY28 growth target for underlying EBITDA of £58-62m.ITM Power (LON:ITM) (£367m | SR20)20MW contract FIDReceived Notice to Proceed on a 20MW contract that has been previously announced. ITM can now begin work and has added the contract to its order backlog.Tungsten West (LON:TUN) (£246m | SR32)Project UpdateExecuted supply agreements for the Crushing, Screening and Ore Sorter Facility and the Line Pressure Jigs system. These form part of the plan to...