Investments and investor services
FTSE 100 closes over 1% lower as sterling spikes
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
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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Lloyds Banking looking to put its trials behind it
PPI, the HBOS acquisition and now the prospect of a rate rise hitting the mortgage market; it's all a bit of a trial for Lloyds
Lloyds, Barclays and RBS under the microscope with release of third quarter earnings
The week ahead includes third quarter earnings from Lloyds, Barclays and RBS along with trading updates from Shire, IAG and GSK
Metro Bank's shares boosted by Goldman Sachs upgrade
Metro’s “significant volume” of low-cost deposits is a “key competitive advantage” in comparison to other challenger banks, according to Goldman Sachs
Australian broker Macquarie no fan of Metro Bank, starts coverage with an ‘underperform’ rating
In a note to clients, Macquarie's analysts said: “We view management targets for 2020 as challenging and think that growth and margins will slow as the next leg of growth is increasingly driven by expansion into less wealthy regions outside
Investments and investor services
FTSE 100 closes a tad lower as focus turns to Fed
Sterling's strength weighed on FTSE 100 stocks today
Metro Bank founder chips in as challenger raises £280mln
The challenger bank recently acquired a £597mln mortgage book from US distressed debt specialist Cerebrus
Challenger lender Metro Bank paying £596.7mln for a portfolio of UK mortgages, mostly buy-to-let
The FTSE 250-listed firm said the portfolio is primarily made up of buy-to-let mortgages, approximately 92%, with the rest being owner-occupiers
Metro Bank edging closer to having one million customers as deposits and lending see solid growth
The FTSE 250-listed firm said its underlying pre-tax profit rose to £2.0mln for to quarter to March 31, a turnaround from a £9.6mln loss in the same period in 2016
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What to make of Challenger Banks
Newcomers offer higher ROE, higher growth and attractive cost:income metrics
Metro Bank on track to turn first profit as it narrows full year loss
The challenger bank said today it is on track to report its first profit this year as it narrowed its 2016 loss
Goldman Sachs still a buyer of RBS. Here's why..
RBS and Standard Chartered both feature on Goldman’s ‘buy’ list in the wake of the stress tests
RBS, not Lloyds, better prepared for mortgage battle - Goldman
RBS should be able to offset the bulk of margin pressure with strong loan growth.
Archive
Sainsbury's checked out by Jefferies, which cuts target
An early look at some City analyst views on Monday morning
Risers & Fallers: Kimberly Enterprises, LMS Capital, Metro Bank, Morgan Advanced Materials, TechFinancials, Xcite
The interims from Morgan Advanced Materials and Metro Bank pleased the market
Hikma Pharmaceuticals hits Footsie as oil and mining dip
Drug company enters the blue-chip ranks as satellite group drops out