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
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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FTSE 100 closes higher as investors buoyed by trade talk optimism
The UK's premier share index added almost 58 points at 7,129, while the FTSE 250 also gained ground
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Flybe investors bet on bigger takeover offer
Some of the main news-driven risers and fallers in London on Wednesday...
Metro Bank shares slump as 2018 profits miss expectations
Chief executive Craig Donaldson said 2018 was another strong year of growth for Metro Bank
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FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
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
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
Investments and investor services
FTSE 100 keeps nose above water to finish in positive territory
Footsie finished Wednesday nearly eight points higher at 6,962.
Investments and investor services
Barclays treading water as activist investor pressure builds
The third quarter banking results season is upon us and Barclays is set to open the batting, more in the style of Keaton Jennings than Alastair Cook, according to many pundits
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Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
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
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
Stellar Diamonds shares leap as court approves its acquisition by NWF
A look at some of the biggest risers and fallers in London on Wednesday
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
FTSE 100 pares losses as US bond yields rise above 3%
Resource stocks suffer as US dollar makes headway on forex markets
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Big results day for banks and drugs as Lloyds and GlaxoSmithKline step up to the plate
Day ahead includes first-quarter updates from blue chip firms Lloyds Banking Group, GlaxoSmithKline, Whitbread, and Persimmon ...
Metro Bank faces shareholder rebellion over payments to firm owned by chairman's wife
An investor of Metro Bank plans to vote against the reappointment of Vernon Hill as chairman at the annual shareholder meeting later this month
Metro Bank shares drop as fall in net interest margin overshadows swing to pretax profit
Metro Bank's net interest margin slipped slightly to 1.93%, down from 1.97% the year before, with its operating expenses rising to £231.4mln
Deutsche Bank and Citi warn of margin pressures facing UK challenger banks
Deutsche kicked off research coverage of Virgin Money and CYBG with a ‘hold’ and ‘sell’ recommendation respectively, while Citi analysts moved Metro to ‘neutral’ but only to bring it in line with its stance on the sector as a whole
Metro Bank third quarter profits surge as it continues expansion
Metro is preparing a bid for the package set up by RBS to help small and medium sized businesses