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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: 32.25
Bid: 31.85
Ask: 32.95
Change: 0.15 (0.47%)
Spread: 1.10 (3.454%)
Open: 30.85
High: 33.00
Low: 30.85
Prev. Close: 32.10
MTRO Live PriceLast checked at -

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WINNERS & LOSERS SUMMARY: TalkTalk Telecom Sinks After Profit Warning

Fri, 01st Feb 2019 10:54

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Paddy Power Betfair, up 2.5%. The bookmaker said it has acquired a controlling stake in Georgian online gaming company Adjarabet for GBP101 million in cash. Paddy Power Betfair has acquired a 51% interest in Adjarabet, and through option arrangements expects to acquire the remaining 49% three years after the acquisition. The acquisition will provide Paddy Power with exposure to the Georgian market and the newly growing Armenian market, it said. For 2018, Adjarabet reported revenue at GEL215 million, or GBP64 million, and earnings before interest, taxes, deprecation and amortisation at GEL68 million.----------FTSE 100 - LOSERS----------Fresnillo, down 1.9%. The gold miner was tracking spot gold prices lower, quoted at USD1,318.10 an ounce from USD1,322.57. The precious metal was retreating from the eight-month highs reached on Thursday as demand for safe-haven assets waned. ----------Intertek, down 0.9%. Jefferies downgraded the product testing and certification company to Hold from Buy. ----------FTSE 250 - WINNERS----------Metro Bank, up 4.9%. Shares in the high street lender were rebounding after it confirmed on Thursday it was UK regulators who initially uncovered irregularities in its loan book and not the company itself. The stock closed down 11% on Thursday and plunged 39% last Wednesday on the news of the accounting error.----------Plus500, up 3.5%. Peel Hunt raised the contracts-for-difference provider and forex broker to Add from Hold. ----------Ferrexpo, up 3.1%. The iron ore pellet company has gained 36% in the past week following a surge in iron ore prices following the Brumadinho dam disaster in Brazil a week ago. ----------FTSE 250 - LOSERS----------TalkTalk Telecom, down 7.6%. The home phone and broadband provider warned earnings for its current financial year are set to miss analyst consensus. Looking to its year ending March, TalkTalk said its underlying business in on track with "significant" year-on-year headline profit growth expected. It is guiding for headline earnings before interest, tax, depreciation, and amortisation of GBP245 million to GBP250 million, from GBP197 million a year prior. This is below consensus, however, of GBP259 million. Earnings will be hit between GBP10 million to GBP15 million due to accounting changes, investment and mix in the Fibre segment. TalkTalk is confident on "strong" earnings growth in its year ending March 2020, and should meet market expectations of GBP271 million. ----------OTHER MAIN MARKET AND AIM - WINNERS----------Cambria Africa, up 20%. The Zimbabwe-focused investment company said its profit rose more than fourfold in its recently ended financial year, with revenue up by 10%. Pretax profit for the year to the end of August was USD3.0 million, up more than fourfold from USD716,000 the year before. The profit hike was due to a substantial reduction in operating costs to USD4.0 million from USD5.0 million, as well as 10% growth in revenue to USD9.4 million from USD8.6 million. Looking ahead, Cambria said it was well positioned to stand against uncertainties, caused by the Zimbabwe government introducing measures said to quash hopes for foreign investment.----------M&C Saatchi, up 15%. The advertising firm said it expects its annual results to be in line with the board's expectations as it saw organic revenue growth in 2018. Separately, the company said it disposed of a business unit to French advertising giant Publicis Groupe. For 2018, the UK advertising firm said it continued to "outrun sector averages". Furthermore, the company said it made a good start to 2019 and is confident to make further good progress. M&C Saatchi said it sold its remaining 24.9% stake in Walker Media to French ad giant Publicis for GBP25 million in cash. The company will use the sale proceeds to fund future growth and start new businesses.----------OTHER MAIN MARKET AND AIM - LOSERS----------CML Microsystems, down 20%. The semiconductor manufacturer said its new order bookings in the second half were behind management expectations. The company said it expects its revenue in the second half to be behind its first half and its full year revenue to be 12% behind the year before. CML also said its profit for the year will be "materially below" current market expectations. For the six months ended September 2018, CML reported pretax profit of GBP2.37 million on revenue of GBP15.1 million. For the financial year ended March 2018, the firm reported pretax profit of GBP4.6 million on revenue of GBP31.7 million. CML attributed its second half performance on the "tangible effects of a softening" Chinese economy coupled with "on-going geopolitical issues". CML said this has resulted in weaker demand.----------

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14 Mar 2024 09:51

LONDON BROKER RATINGS: Kepler Cheuvreux likes Diageo; BofA lifts Man

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

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13 Mar 2024 17:05

REPEAT: LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Correcting error in article lede.)

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13 Mar 2024 16:54

LONDON MARKET CLOSE: FTSE 100 in green as UK economy rebounds

(Alliance News) - can you change lede to: European stocks closed mostly higher on Wednesday, with the FTSE 100 driven higher by hopes that the UK recession is already over.

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13 Mar 2024 10:00

TOP NEWS: Metro Bank to cut jobs as targets further cost savings

(Alliance News) - Metro Bank Holdings PLC on Wednesday said it returned to profit for the first time in five years as deposits ticked higher and costs declined.

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13 Mar 2024 09:25

LONDON BROKER RATINGS: JPMorgan raises Flutter and cuts Entain

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

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13 Mar 2024 07:57

Metro Bank records first profit since 2018

(Sharecast News) - Metro Bank has reported its first annual statutory profit in five years despite a flat top line as the UK high street bank launched a cost-savings programme that cut store hours and roles across the business.

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6 Mar 2024 16:06

UK earnings, trading statements calendar - next 7 days

Thursday 7 March 
Admiral Group PLCFull Year Results
Aviva PLCFull Year Results
Beazley PLCFull Year Results
Brooks Macdonald Group PLCHalf Year Results
Coats Group PLCFull Year Results
Darktrace PLCHalf Year Results
Elementis PLCFull Year Results
Entain PLCFull Year Results
Funding Circle Holdings PLCFull Year Results
Harbour Energy PLCFull Year Results
ITV PLCFull Year Results
Kier Group PLCFull Year Results
Melrose Industries PLCFull Year Results
Nexus Infrastructure PLCFull Year Results
PageGroup PLCFull Year Results
Physiomics PLCHalf Year Results
Rentokil Initial PLCFull Year Results
Robert Walters PLCFull Year Results
Spirax-Sarco Engineering PLCFull Year Results
TT Electronics PLCFull Year Results
Tyman PLCFull Year Results
Friday 8 March 
Informa PLCFull Year Results
Just Group PLCFull Year Results
LMS Capital PLCFull Year Results
Stelrad Group PLCFull Year Results
Monday 11 March 
HgCapital Trust PLCFull Year Results
Mincon Group PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 12 March 
BATM Advanced Communications LtdFull Year Results
Costain Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Fonix Mobile PLCHalf Year Results
Foresight Solar Fund LtdFull Year Results
Genuit PLCFull Year Results
H&T Group PLCFull Year Results
Hill & Smith PLCFull Year Results
MaxCyte IncFull Year Results
Persimmon PLCFull Year Results
Synthomer PLCFull Year Results
Target Healthcare REIT PLCHalf Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP Group PLCFull Year Results
Wednesday 13 March 
4imprint Group PLCFull Year Results
Advanced Medical Solutions Group PLCFull Year Results
Balfour Beatty PLCFull Year Results
Centaur Media PLCFull Year Results
Faron Pharmaceuticals LtdFull Year Results
Ferrexpo PLCFull Year Results
Gym Group PLCFull Year Results
Hochschild Mining PLCFull Year Results
IP Group PLCFull Year Results
Keywords Studios PLCFull Year Results
Kin & Carta PLCHalf Year Results
Metro Bank Holdings PLCFull Year Results
Nexteq PLCFull Year Results
PensionBee Group PLCFull Year Results
Public Policy Holding Co IncFull Year Results
Seraphim Space Investment Trust PLCHalf Year Results
Supermarket Income REIT PLCHalf Year Results
Trainline PLCTrading Statement
Vaalco Energy IncFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

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29 Feb 2024 21:44

EXECUTIVE CHANGES: Metro Bank names new CFO; Corre exec leaves

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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5 Feb 2024 08:58

LONDON BROKER RATINGS: UBS raises Informa; Jefferies ups National Grid

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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24 Jan 2024 12:40

IN BRIEF: "Supportive" majority shareholder joins Metro Bank board

Metro Bank Holdings PLC - London-based retail bank operating from 76 'stores' - Jaime Gilinski Bacal will join the board as a non-executive director, starting "once the necessary formalities are completed". Bacal holds a 52.9% stake in Metro Bank via Spaldy Investments Ltd. Bacal has the right to appoint up to three directors to the Metro Bank board as part of a relationship agreement put in place back in October, when Spaldy contributed GBP102 million to a GBP325 million capital raise by Metro Bank.

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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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