Metro Bank investors lap up bond issue and founder's exit
The dog-friendly challenger bank said it launched the much-needed £300mln bond issue offering a coupon of 9.50%
Company
Metro Bank Holdings PLC
LON:MTRO
Metro Bank is a revolutionary high street bank that provides our customers with unparalleled levels of service and convenience. Founded in 2010, we were the UK’s first new high street bank in more than 100 years. Through our unique customer-focused business we are reinventing the rules of retail banking to make things simpler and more convenient, and provide customers with an amazing banking experience.
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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 share
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.
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
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FTSE 100 closes in the red as global equity markets lag
The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
Builders and building materials
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
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.
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
Investments and investor services
Thomas Cook slumps again as debt-for-equity swap or emergency rights issue is expected
A look at the day's major movers, including Future, Capital & Regional, Tiger Resource, Metro Bank, eve Sleep, Maistro and Staffline
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”
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”
Investments and investor services
ClearStar Inc rises after reporting record revenues
A look at the day's major movers, including Touchstone Exploration, Widecells, Eight Peaks, Quadrise, Europa Metals, Wey Educations, CyanConnode and Metro Bank
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
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
Metro Bank shares tumble as first quarter profits halve after loans scandal
Chief executive Craig Donaldson said it had been a “challenging” quarter
Barclays upgrades Virgin Money owner CYBG to 'equal weight' but still prefers Lloyds and RBS
Barclays also initiated coverage of Metro Bank at ‘underweight’
FTSE 100 finishes lower as global markets hit by geopolitical worries
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
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ITV finals take spotlight for ‘hump day’ results
Shareholders in the blue-chip broadcaster may be approaching the results with some trepidation after it expected a softer fourth quarter in a November update
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
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time