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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.

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