Metro Bank Share News (MTRO)

Metro Bank Information

Buy MTRO Shares
Add MTRO to Watchlist
Add MTRO to Alert

Share Price Information for Metro Bank (MTRO)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 34.70

Bid: 34.70

Ask: 35.00

Change: 0.55 (1.61%)

Spread: 0.30 (0.865%)

Open: 34.30

High: 35.50

Low: 33.45

Prev. Close: 34.15

Last checked at -

SMALL-CAP WINNERS & LOSERS: Ted Baker confident of wider profit margin

Wed, 23rd Feb 2022 11:29

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

----------

SMALL-CAP - WINNERS

----------

Ted Baker PLC, up 15% at 100.90 pence, 12-month range 79.60p-217.60p. The fashion retailer reports robust sales growth and improved margins in its fourth quarter. Ted Baker says group sales in its fourth-quarter that ended January 29 increase by 35% compared to the same period a year before and by 18% from those reported in the third quarter. Ted Baker adds that trading margins improved by more than 350 basis points across all channels. The company is confident in achieving free cash flow of GBP30 million and an earnings before interest, tax, depreciation, and amortisation margin of 7% to 10% in the new financial year.

----------

International Personal Finance PLC, up 11% at 135.20p, 12-month range 77.30p-158.00p. The home credit business swings to pretax profit in 2021 and resumes its dividend payout. For 2021, swings to pretax profit of GBP67.7 million from GBP40.7 million loss in 2020 on revenue of GBP548.7 million, down from GBP661.3 million. Declares 2021 dividend of 8.0p, having paid out nothing in 2020.

----------

Metro Bank PLC, up 2.4% at 96.00p, 12-month range 82.75p-150.00p. The high-street retail bank posts a narrowed loss for 2021, as it continues on its turnaround plans. For 2021, Metro Bank reported a pretax loss of GBP245.1 million, narrowed from the GBP311.4 million loss in 2020, helped by a drop in expected credit losses. Chief Executive Daniel Frumkin says: "Two years into the turnaround, our strategy is delivering meaningful results as we move towards profitability. In a changing macro-economic environment, we have accelerated the shift of our balance sheet, with improved yields and lower cost of deposits. This has had a material impact on underlying revenue, which improved 42% when adjusting for the mortgage portfolio disposal."

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

More News

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 Â£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 Â£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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

8 Oct 2023 14:19

PRESS: Metro Bank could receive bid interest amid financing talks

(Alliance News) - Metro Bank Holdings PLC is in talks for potential financing over the weekend and could potentially receive takeover interest, according to reports from the Times.

8 Oct 2023 11:36

Sunday newspaper round-up: Renewi, Metro Bank, New homes

(Sharecast News) - Some of Renewi's major shareholders are divided as to whether the recycling company should engage with Australian suitor Macquarie. One major shareholder has told Renewi's board that it should not until Macquarie raised its £636m bid, but another top ten shareholder told The Sunday Times that it should talk to the Australian outfit anyways. Macquarie has until 26 October to make a firm offer. - The Sunday Times

6 Oct 2023 11:43

LONDON MARKET MIDDAY: Aviva takeover talk boosts FTSE 100

(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours.

Latest Share Chat

Metro Bank Share News (MTRO)

Share Price Information for Metro Bank (MTRO)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SMALL-CAP WINNERS & LOSERS: Ted Baker confident of wider profit margin

Login to your account

Quickpicks are a member only feature

Login to your account