Metro Bank

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Market Cap:
£503.47 m
52 weeks high
52 weeks low

Viewing results 1-25 of 39


Lloyds suspends share buybacks after surge in PPI claims result in further hit of up to £1.8bn

Lloyds warned that the unprecedented level of PPI claims means it will miss its capital build target of 170 to 200 basis points per year in 2019....

2 weeks ago
Industry & services

Marks & Spencer, Direct Line and Micro Focus confirmed as demoted from FTSE 100

Hikma Pharmaceuticals, aerospace engineer Meggitt and Polymetal International will be promoted to the blue chip index in their place...

2 weeks, 4 days ago

Short-sellers raise bets against Metro Bank after chairman steps down

Short-sellers have been raising bets against Metro Bank PLC (LON:MTRO) as the lender seeks to rebuild its reputation after an accounting scandal. The bank is the ninth most-shorted company on the London Stock Exchange with 7.6% of its shares held by four short sellers....

3 weeks, 6 days ago

Metro Bank chairman steps down as profits plunge

"This has been a challenging first half for the bank, with deposit outflows following intense speculation at the time of our capital raise in May,” said chief executive Craig Donaldson....

on 25/7/19

Metro Bank in talks to sell loan portfolio amid concerns about financial position

“The company regularly assesses various opportunities in the market and accordingly confirms that discussions regarding the potential sale of a loan portfolio are taking place," Metro Bank said....

on 22/7/19

Lloyds and banking rivals 'going nowhere' amid new pressures on revenue and margins

Adding to mortgage market competition, analysts now expect pressure on deposit pricing and declining contributions from structural hedges...

on 13/6/19
Retail & consumer

Kier gives short-sellers a boost after profit warning sends shares crashing

About 4.75% of Kier’s shares are on loan to short sellers, according to website www.shorttracker.co.uk...

on 3/6/19
Retail & consumer

Tesco Bank and Nationwide highlight impact of competitive pressures on wider banking sector

First-quarter results from Lloyds, Barclays, Royal Bank of Scotland and HSBC all revealed a drop in net interest margins - a key profit measure for banks. ...

on 21/5/19

Weeks after investing in Sirius Minerals, Norway’s sovereign wealth fund takes stake in Metro Bank

The fund, thought to be the largest of its kind in the world, has taken a 3.1% stake in Metro Bank, which had to tap the market for more money last week to shore up its balance sheet...

on 21/5/19

Metro Bank raises £375mln in less than three hours to bolster balance sheet

The challenger bank closed the fundraising early on Thursday evening after the placing was “significantly oversubscribed”...

on 17/5/19

Investor rebellions in store for Lloyds, Metro Bank and G4S meetings

Ahead of Metro Bank's AGM, American founder Vernon Hill urged investors to “meet with the directors and express your views by attending, raising questions and voting”...

on 14/5/19

Metro Bank confirms plans for £350mln equity raise after 'false rumours' about financial health

Metro Bank has insisted it is a "profitable bank" and there is "no truth" to the messages circulating online about its financial stability ...

on 13/5/19

Metro Bank, the sector's lightning rod, escapes the bolts ... for now

After another short-seller squeeze yesterday, shares in Metro Bank have opened little changed today but more trouble could be coming down the turnpike, with shareholder advisory groups exhorting investors to make their feelings known at the bank's forthcoming AGM...

on 10/5/19

Metro Bank shares tumble as first quarter profits halve after loans scandal

Chief executive Craig Donaldson said it had been a “challenging” quarter...

on 2/5/19

Barclays upgrades Virgin Money owner CYBG to 'equal weight' but still prefers Lloyds and RBS

Barclays also initiated coverage of Metro Bank at ‘underweight’...

on 29/3/19

Metro Bank to raise £350mln in emergency cash call and CEO to waive bonus after accounting blunder

The Financial Conduct Authority and Prudential Authority have notified the bank that they intend to investigate the accounting error...

on 27/2/19

Metro Bank the big winner from first round of £775mln RBS funding

Metro Bank has been awarded £120mln from Banking Competition Remedies, while Starling Bank and ClearBank bagged £100mln and £60mln, respectively...

on 22/2/19

UK challenger banks to find out on Friday if they’ve secured slice of £775mln RBS pot

RBS is freeing up the cash as part of the conditions attached to its £45bn government bailout back in 2008...

on 20/2/19

Metro Bank shares slump as 2018 profits miss expectations

Chief executive Craig Donaldson said 2018 was another strong year of growth for Metro Bank ...

on 23/1/19

Hedge funds target UK banks as Brexit deadline looms

One of those shorting UK banking stocks is Marshall Wace - founded by the father of Mumford & Sons’ lead guitarist, Winston Marshall...

on 8/11/18

Citigroup boosts Metro Bank, upping rating to 'buy' from 'neutral' as risk/reward looks more balanced

However, the US bank cut its price target on the FTSE 250-listed stock to 2,590p from 3,040p to reflect a high sensitivity of valuation and lower assumed terminal growth...

on 30/10/18

Metro Bank shares dive on margin pressures

Profits trebled to £25.1mln in the first nine months of the year but the bank's net interest margin narrowed by 15 basis points to 1.82%...

on 24/10/18

Metro Bank raises around £303mln via share placing to bolster regulatory capital requirements; trading strong

The FTSE 250-listed challenger bank revealed the accelerated book-built placing after the close on Tuesday when it also issued a first-half trading update showing strong growth in underlying profits...

on 25/7/18

British challenger banks rise as CYBG’s £1.6bn bid for Virgin Money sparks talk of ‘inevitable consolidation’

Challenger banks have managed to take some customers away from the big players, but analysts reckon they might have to gang up if they’re to pose a more serious problem for Barclays, RBS and co...

on 8/5/18

Metro Bank unveils record quarterly profits after avoiding shareholder revolt

Metro reported a 406% jump in underlying pre-tax profit to £10mln in the first three months of 2018...

on 25/4/18