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Broker tips: abrdn, easyJet, Intertek, Good Energy
Berenberg downgraded abrdn on Wednesday to 'hold' from 'buy' and cut its price target on the stock to 260. 0p from 285. 0p, stating the shares had disappointed in recent years, underperforming the UK index by 50% since December 2017 and 27% since December 2020.
US open: Stocks higher ahead of Fed decision
Wall Street stocks were in the green early on Wednesday as investors looked ahead to the outcome of the Federal Reserve's two-day policy meeting.
US mortgage applications fall as mortgage rates increase
US mortgage applications fell 7. 1% in the week ended 21 January, the sharpest decline in two months, with the refinancing index plunging 12. 6% and the purchase index slipping 1. 8%, according to the Mortgage Bankers Association.
US pre-open: Futures trade higher ahead of Fed decision
Wall Street futures were in the green ahead of the bell on Wednesday as investors look ahead to the outcome of the Federal Reserve's two-day policy meeting.
Canaccord Genuity raises target price on Good Energy
Analysts at Canaccord Genuity raised their target price on renewable energy company Good Energy from 450. 0p to 475. 0p on Wednesday, citing the firm's mostly profitable 2021 performance and its stake in Zap-Map.
XP Factory H2 EBITDA seen ahead of market expectations
Escape Hunt and Boom Battle Bar operator XP Factory said on Wednesday that it expects to deliver positive group underlying earnings in its second trading half, excluding R&D credits, with group underlying earnings expected to be ahead of market expectations.
Tullow Oil FY group working interest oil production averages 59,200 barrels per day
Exploration firm Tullow Oil said on Wednesday that group working interest oil production averaged 59,200 barrels of oil equivalent per day, in line with guidance, with notable production growth from its Jubilee field in Ghana and the Simba field in Gabon offsetting lower than expected production from its TEN and Espoir assets.
Brewin Dolphin delivers record Q1 discretionary inflows
Investment advice company Brewin Dolphin saw total funds and income increase in the three months ended 31 December as the firm delivered a record first-quarter performance, with £1. 0bn in discretionary inflows.
Derwent London agrees to sell freehold interest in New River Yard EC1 asset
Property investment and development firm Derwent London has exchanged contracts to sell its 70,700 square foot freehold interest in New River Yard EC1 to a private property company.
Sage Q1 revenues grow, Playtech urges shareholders to accept takeover offer
London pre-open The FTSE 100 was being called to open 56. 7 points higher ahead of the bell on Wednesday after closing 1. 02% firmer in the previous session at 7,371. 46.
Sage group revenues improve in Q1 as recurring revenues grow £31m
Software firm Sage said on Wednesday that total revenues had grown in the three months ended 31 December thanks to a £31. 0m jump in recurring revenues.
M&G strikes UK partnership deal with Moneyfarm
Investment manager M&G's UK-based wealth management arm has struck a deal with digital investment specialist Moneyfarm to provide direct investment services to British consumers.