Broker Forecasts - FSCS maintains broker levy at £5.3m and forecasts no increase for 2023/24
25-11-2022 02:20
The Financial Services Compensation Scheme has kept the 2022/23 levy for brokers at £5.3m as it revealed the bill for 2023/24 is poised to be the same again.
FTSE 100 slightly higher, Saria bids £540mln for Devro and housebuilders weaken as Berenberg slashes forecasts
FTSE 100 slightly higher, up 11 points SSE sells 25% stake in Transmission arm for £1.465bn Devro soars after Saria swoops in £540mln ...
Broker tips: Rainbow Rare Earths, Johnson Matthey, ATC Group
Analysts at Berenberg initiated coverage of Rainbow Rare Earths with a 'buy' recommendation and a 33.0p price target on Thursday, implying a whopping 228% upside.
Mortgage brokers set to pay no FSCS levy next year
Mortgage brokers are not expected to pay any money towards the Financial Services Compensation Scheme (FSCS) for 2023/2024 due to excess funds in the home finance intermediation class.
Broker tips: Sage, Alpha FMC
Detusche Bank upgraded Sage on Wednesday to 'hold' from 'sell' and hiked the price target to 800.0p from 590.0p as it said the software firm was turning a corner but areas of uncertainty remained.
