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Pin to quick picksMetro Bank Share News (MTRO)

Share Price Information for Metro Bank (MTRO)

London Stock Exchange
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Share Price: 34.80
Bid: 34.50
Ask: 34.85
Change: 0.15 (0.43%)
Spread: 0.35 (1.014%)
Open: 35.50
High: 35.50
Low: 34.50
Prev. Close: 34.65
MTRO Live PriceLast checked at -

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Sunday newspaper round-up: Covid-19 restrictions, Airline industry, Aviva

Sun, 13th Jun 2021 11:42

(Sharecast News) - Britain will have a six-week window to open up in the summer or risk keeping Covid-19 restrictions in place until the spring, ministers fear. Boris Johnson on Saturday gave his clearest signal yet he is planning to delay a full return to normality for another month, as he said he wanted to give Covid-19 vaccines "extra legs" in "the race between the vaccines in the lockdowns". - Sunday Telegraph
The airline industry's recovery from the pandemic passed a milestone as more than 2 million people streamed through US airport security checkpoints on Friday for the first time since early March 2020. The Transportation Security Administration announced on Saturday that 2.03 million travelers were screened at airport checkpoints on Friday. It was the first time in 15 months that the number of security screenings has surpassed 2 million in a single day. - Guardian

Aviva is set to fire its top fund managers to slash costs just days after an activist investor emerged as a major shareholder in the insurance giant. The FTSE 100 company is planning to oust ten equity managers from its investment arm Aviva Investors, The Mail on Sunday can reveal. David Cumming, chief investment officer for equities, has left. And Mikhail Zverev, head of global equities, is among the high-profile fund managers expected to be fired. - Financial Mail on Sunday

Metro Bank has taken an axe to the interest it pays on its savings accounts. In a letter sent to customers in the past few days, the bank that prides itself on its customer-centric approach to retail banking has said that 'following a review', rates on two mainstream instant access accounts will be slashed to 0.05 per cent from August 12. - Financial Mail on Sunday

Halfords, Britain's biggest bicycle and motoring parts retailer, has been a beneficiary of lockdown as the country got on its bike and used its car to take domestic holidays. On Thursday the company expects to report a surge in pre-tax profits to between £90m to £100m for the year to April, beating analysts' £70m estimates. Its profits were just under £56m last year and £59m in 2019. And the trends that have boosted sales at Halfords over the past 12 months are set to continue. - Guardian

Travellers have been left stranded in cities in the UK and Ireland and nearly 500 jobs are at risk after a regional Irish airline announced it was going into liquidation. Aer Lingus said a number of regional flights had been cancelled after the operator, Stobart Air, ended its contract with the Irish airline. The announcement, which comes after Stobart Air failed to find a buyer and ceased trading, affects several flights from Dublin and Belfast airports to UK cities. - Guardian

Sir Richard Branson is in talks to take his satellite launch company public via a $3 billion (£2.1 billion) deal with a blank-cheque vehicle founded by a former Goldman Sachs banker. Virgin Orbit is finalising a deal to merge with NextGen Acquisition II, a New York-listed special purpose acquisition company (Spac) established by George Mattson, Sky News reported. - Sunday Times

JD Sports is under fire for paying bonuses to executive chairman Peter Cowgill despite taking hundreds of millions of pounds in government support. In a scathing report, the advisory firm Glass Lewis recommends that shareholders vote against the retailer's "inappropriate" pay policy. It says they should oppose Cowgill's re-election on the basis of inadequate succession planning and a lack of progress on boardroom gender diversity. - Sunday Times
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24 Jan 2024 12:33

Billionaire banker Jaime Gilinski Bacal joins Metro Bank's board

(Sharecast News) - Metro Bank has appointed Colombian billionaire banker and real estate developer Jaime Gilinski Bacal to its board after his firm became a controlling shareholder in the bank last year.

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12 Jan 2024 08:27

IN BRIEF: Metro Bank CFO to leave firm after just over one year

Metro Bank Holdings PLC - London-based lender - Chief Financial Officer James Hopkinson agrees to step down as executive director, effective immediately. He will leave during the first quarter after a handover period. Board appoints Cristina Alba Ochoa as interim CFO, effective from Monday. Company has commenced search for permanent successor.

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12 Jan 2024 07:39

Metro Bank CFO James Hopkinson to step down

(Sharecast News) - Metro Bank said on Friday that chief financial officer that James Hopkinson has agreed to step down with immediate effect.

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20 Dec 2023 09:25

LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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15 Dec 2023 21:48

IN BRIEF: Metro Bank to retain GBP3 billion mortgage loan book

Metro Bank Holdings PLC - London-based lender - Says it will retain its GBP3 billion residential mortgage portfolio, as it is "in the best interests of shareholders". More recently, Metro Bank in September of this year announced it had not received permission from regulators to change the way it calculated the capital requirements on its mortgage book. Metro Bank was demoted from the FTSE 250 index in September of 2019. It has not returned since. The company had listed in 2016.

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15 Dec 2023 18:12

Britain's Metro Bank decides not to sell mortgage book

LONDON, Dec 15 (Reuters) - Britain's Metro Bank said on Friday it had abandoned its planned sale of a 3 billion pound ($3.8 billion) mortgage portfolio, citing market conditions.

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30 Nov 2023 17:06

LONDON MARKET CLOSE: Stocks react mixed to cooling euro, US inflation

(Alliance News) - The FTSE 100 in London closed up on Thursday, but share prices were firmly down in the FTSE 250, while European equities were buoyed by cooling inflation in the eurozone.

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30 Nov 2023 15:16

London close: Stocks mixed after US, Europe inflation data

(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.

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30 Nov 2023 10:46

SMALL-CAP WINNERS & LOSERS: Carclo warns of tricky trading conditions

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

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30 Nov 2023 09:37

TOP NEWS: Metro Bank says 20% of workforce to go on cost-cutting drive

(Alliance News) - Metro Bank Holdings PLC on Thursday said it expects to cut a fifth of its workforce and the lender is reviewing its policy of keeping branches open seven days a week as it looks to "simplify its operations".

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30 Nov 2023 08:55

LONDON MARKET OPEN: Cooler CPI data brings ECB cut closer into view

(Alliance News) - London's FTSE 100 made a tepid start to the day on Thursday, though large-cap peers in Paris and Frankfurt rose, as another inflation reading from the euro area took some sting out of European Central Bank interest rate expectations.

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30 Nov 2023 07:52

Metro Bank to cut 20% of staff as it looks to save £50m a year

(Sharecast News) - Metro Bank said on Thursday that it plans to axe around 20% of its staff and is reviewing its policy of keeping branches open seven days a week as it looks to save around £50m a year.

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30 Nov 2023 07:42

LONDON BRIEFING: Dr Martens warns on US recovery; Metro Bank cuts jobs

(Alliance News) - The FTSE 100 is called to open higher, with focus on Thursday on inflation readings from the eurozone and US.

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27 Nov 2023 17:16

UPDATE: 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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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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