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Pin to quick picksMetro Bank Share News (MTRO)

Share Price Information for Metro Bank (MTRO)

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Share Price: 38.15
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SMALL-CAP WINNERS & LOSERS: Kerry Rises On Payout, Strategic Review

Tue, 16th Feb 2021 10:50

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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SMALL-CAP - WINNERS

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Kerry Group, up 3.6% at EUR110.20, 12-month range 90.9p-126.5p. The Irish food producer posts a drop in profit in 2020 as volumes take a hit from the pandemic, but was able to increase its shareholder distribution. For 2020, the Tralee, Ireland-based company with Consumer Foods and Taste & Nutrition divisions records pretax profit of EUR635.3 million compared to EUR645.9 million in 2019. Kerry declares a 60.60 euro cent final dividend, giving a total dividend of 86.50 cents - up 10% on 2019. Says it is undertaking a strategic review of its dairy business in Ireland and the UK, which may lead to a transaction in the coming months.

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Metro Bank, up 2.5% at 146.40p, 12-month range 57.36p-211p. Shares in the challenger bank are higher as part of a wider sector rally amid hopes of a swift UK economic recovery. "London-listed, oil, mining, banking, transport and travel stocks are showing respectable gains, the moves are connected to the idea the vaccine roll-outs will pave the way for economic recovery," says CMC Markets analyst David Madden. Transport firms Stagecoach and FirstGroup are up 2.7% and 1.2% respectively.

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Restaurant Group, up 2.5% at 96.40p, 12-month range 20.26p-136.3p. Gym Group, up 5.5% at 250p, 12-month range 75p-310.20p. The restaurant operator and gym chain are higher amid reopening hopes. "Investors will be watching Boris Johnson's scheduled statement on the easing of coronavirus restrictions closely when it is delivered at the beginning of next week but in the absence of solid news on the pace at which lockdown will be loosened, the market has decided to put on a happy face and hope for the best," says AJ Bell's Russ Mould.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
27 Nov 2023 13:44

Barclays in talks to acquire mortgage portfolio from Metro Bank

(Sharecast News) - Banking giant Barclays has entered exclusive talks to acquire a large portfolio of residential mortgages from high street lender Metro Bank as it seeks approval for a wider refinancing aimed at saving it from collapse.

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27 Nov 2023 13:26

PRESS: Metro Bank negotiating sale of mortgage book to Barclays - Sky

(Alliance News) - Metro Bank Holdings PLC is in talks to sell a GBP3 billion mortgage portfolio to Barclays PLC as part of its restructuring process in a bid to prevent collapse.

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26 Nov 2023 20:42

Sunday newspaper round-up: Rolls-Royce, Minimum wage, Metro Bank

(Sharecast News) - Rolls-Royce chief Tufan Erginbilgic is expected to push for government backing for the company's small modular reactors. The engineer has already received approximately £200m in government funding and has a lead on its domestic and foreign rivals, but Erginbligic is worried that they might catch up. The government's lukewarm attitude may also make potential foreign buyers hesitate. - The Financial Mail on Sunday

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12 Nov 2023 20:09

Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

(Sharecast News) - More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in London. The decision may open the floodgates to to claims from regulators in other European countries. - Financial Mail on Sunday

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7 Nov 2023 11:42

IN BRIEF: Metro Bank Holdings hails normalisation of deposit outflows

Metro Bank Holdings PLC - London-based lender - Notes deposit outflow rates have normalised since it announced a funding package. They had increased over fears of Metro Bank's financial health prior to the capital package. Meanwhile, assets as at September 30 fall 0.7% to GBP21.61 billion from GBP21.75 billion as at June 30. Loan to deposit ratio softens to 80% from 81% over the three months. "The third quarter delivered continued momentum in personal and business current account growth and customer acquisition as well as a modest statutory profit after tax," it says. Metro Bank in October announced a new deal with investors to shore up its finances. The deal included a GBP325 million capital raise and GBP600 million in debt refinancing. In early October, the Financial Times said Metro Bank was seeking to raise up to GBP600 million to shore up its finances. It led to a sell-off in the stock, hitting the 52-week low on October 5.

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7 Nov 2023 10:37

Metro Bank daily flows returning to normal after capital injection

(Sharecast News) - Metro Bank said in an update on Tuesday that its daily flows had returned to more normal ranges since it secured £325m in capital in early October.

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7 Nov 2023 09:49

SMALL-CAP WINNERS & LOSERS: Direct Line leads Sabre higher

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

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9 Oct 2023 16:56

LONDON MARKET CLOSE: Stocks suffer amid Israel conflict

(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week.

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9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

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9 Oct 2023 11:55

LONDON MARKET MIDDAY: FTSE 100 outperforms on boost from oil majors

(Alliance News) - The FTSE 100 was higher at midday on Monday as shocking events in the Middle East over the weekend pushed oil prices higher and, in turn, lifted the index's heavyweight oil majors.

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9 Oct 2023 09:19

SMALL-CAP WINNERS & LOSERS: Metro Bank shares jump on finance deal

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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9 Oct 2023 08:46

LONDON MARKET OPEN: Oil majors lifted by tensions in Middle East

(Alliance News) - Stock prices in London opened lower on Monday as investors were put in a risk-off mood at the start of a new week amid exploding tensions in the Middle East.

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9 Oct 2023 07:42

LONDON BRIEFING: Metro Bank secures deal to shore up finances

(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report.

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9 Oct 2023 07:23

Metro Bank announces £925m capital package, looking at mortgage sale

(Sharecast News) - Metro Bank announced a robust capital and debt restructuring package totalling £925m on Monday, after a week of market chatter and reports around its capital position, although some current stakeholders will be taking a 40% haircut.

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9 Oct 2023 05:58

Metro Bank announces new deal with investors to shore up finances

(Alliance News) - Metro Bank Holdings PLC has announced a new deal with investors to shore up its finances.

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