FTSE 100 Rises in Early Trade0832 GMT - The FTSE 100 index rises 1.4% to 7334.16, recovering after sharp losses on Thursday and a volatile week. (jaime.llinares@wsj.com)TT Electronics Early 2022 Update Seen as Encouraging0741 GMT - TT Electronics' update for early 2022 was strong, with the company's full-year outlook unchanged despite inflationary pressures, Jefferies says. The outlook for 2022 underpins Jefferies' confidence in the U.K. electronics-component manufacturer meeting its margin target in fiscal 2023. Jefferies downgrades Vodafone to hold from buy and lowers its target price to 125 pence from 150 pence. RBC retains its outperform rating and 325 pence price target on TT's stock.

Source: Wall Street Journal May 13, 2022 08:55 UTC