Member Info for bigsmoke

https://www.thisismoney.co.uk/money/investing/article-8030339/Can-Royal-Mail-track-Union-rows-place-dividend-risk.html

Popular shares: Metro Bank

Metro Bank will report its 2019 results on Tuesday after something of an annus horribilis.

The troubled lender revealed in January 2019 it had misclassified the riskiness of loans, prompting it to hurriedly raise £375million by issuing new shares at a knock-down price.

The accounting fiasco rocked investor confidence and is still being probed by regulators, while shares have fallen 90 per cent since.

It prompted the ousting of executive chairman and founder Vernon Hill in October, while Craig Donaldson, Metro’s chief executive since 2009, fell on his sword in December.

This whirlwind of events has left Dan Frumkin in the hot seat. The former Northern Rock banker was made permanent boss on Wednesday after leading Metro on an interim basis.

Now, like many new chief executives before him, he will want to present his plans for putting his company back on track. But some observers have wondered whether he is the right man for the job.

The 55-year-old arrived at Metro only five months ago as chief transformation officer, with some analysts noting he was ‘not a name that was on the radar’ for the top job.

In a few days, Frumkin will have the opportunity to prove his doubters wrong...

https://www.telegraph.co.uk/money/consumer-affairs/best-companies-work-new-father-paid-paternity-leave/
"Thousands of fathers who are eligible to take time off of work to care for a new baby are not doing so because it is too costly.

"However some lucky fathers are making it work for them, thanks to generous policies introduced by employers to fill the gap left by the Government’s shared parental leave policy.

"While official statutory pay for parents sharing the task of childcare is just £148.68 a week – or 90pc of the family's average weekly earnings if this is lower – for 37 weeks, a handful of businesses have started offering up to nine months at full pay to male and female employees taking leave.

"So where are the best places to work as a new father?

...

"Comparing British companies with a market cap above $2bn (£1.55bn) it found that, after the 40, 26 and 24 weeks offered by Standard Life Aberdeen, Diageo, British Land, Aviva and Jupiter, the next best leave policy for fathers is 18 weeks of pay. This is for employees of Man Group, another fund manager.

"It then drops again to 14 weeks of paid leave with Metro Bank, four weeks with comparison website Moneysupermarket.com and three with goods manufacturer Unilever. All of these policies are still more generous than the standard amount granted to fathers by law. "

maybe at 3.5-3.8p.

you can heard the ball bouncing on the wheel.................
red or blue, red or blue.....

altogether now.......... "Metro was a high growth share and is exiting a transitional year"................ on now plausable basis can it be expected to issue a DIV. If it did, management would be sacked for lack of growth.

AMGO been sub 50 - any fancy for a dabble? was waiting for 48.50 mysef.

must be another Google ID - ref Alicia Keys

if he was happy at 50p he must be delighted at 40p - come on - baby, make your move. step across the line........

we have Klingons on the starboard bow. Mr Cluckingham Palace and the e Aladdin hoping to have the genie of the lamp.

i have distinct memory of making £30K from 30s to 60s in 5 days.
rinse, repeat.??

this share is nuuuuuuuuuuuuuuutttttttttttssssssssssss

eeeeeeeeeeeeeeeeeeeeeewwwwwwwwwwwwwwwwwwwwwwwwweeeeeeeeeeeeeeeeeeeeeeee

Barclays U-turns on using software to monitor workers after being dubbed 'creepy'
https://inews.co.uk/news/business/barclays-employee-tracking-technology-monitoring-workers-creepy-criticism-1886026

hear', hear', Alys Key. hear' hear'.

Banks should improve their branches if they want customers to stick with them
https://inews.co.uk/inews-lifestyle/money/banks-branches-closures-digital-challengers-millennials-1887042
MY MONEY: In their haste to keep up with digital challengers, banks have forgotten about they have a crucial advantage

"I applaud the likes of Metro Bank for making longer opening hours a core part of their offer."

Metro Bank targets SME growth with launch of direct debits for business customershttps://www.assetfinanceinternational.com/index.php/fintech/fintech/19218-metro-bank-targets-sme-growth-with-launch-of-direct-debits-for-business-customers"Metro Bank is introducing direct debit origination for business customers in a partnership with Bottomline Technologies.The new direct debit service for SMEs will be launched in the coming months, allowing business customers to create, automatically collect and manage payments via direct debit.Around 76% of regular payments are made by direct debit and more than 15% of small and 30% of medium-sized businesses accept direct debit as a payment method.The move is the latest innovation at the bank, which last year announced partnerships with Personetics, RMS Group Services, Funding Options, Conance, and DueDil.Paul Riseborough (pictured), chief commercial officer at Metro Bank, said: “We’re seeing real transformation in the payments industry and this needs to benefit smaller SMEs too. By removing the complexity of regular payments we can save customers vital time, that can better be spent running and growing their businesses.”"

ehhhhhhhh

"shares having plummeted from above 4,000p two years ago to less than 200p."
- dont' factor share issue, why don't you not.....................

"It is the also sixth-most shorted share in the UK"
- just climbed back there for a mo.

"suggesting many think there is more bad news to come."
- or not

"Customers ended up withdrawing £2bn in funds,"
- and then many put them back - but hey, don't let the truth get in the way of a good story...

"meaning that pre-tax profits collapsed 83% to £3.4mln in the half-year to 30 June and swung to a £3.3mln loss in the third quarter."
- factoring in "transformation" and "tranasaction" cost. net of which, profit....

https://www.proactiveinvestors.co.uk/companies/news/913436/ftse-flood-ahead-with-numbers-from-bookies-banks-and-builders-913436.html

"Metro measures the damage

Metro Bank PLC (LON:MTRO) will finally reveal the extent of last year’s damage on Wednesday’s preliminary results, with its shares having plummeted from above 4,000p two years ago to less than 200p.

It is the also sixth-most shorted share in the UK suggesting many think there is more bad news to come.

The dog-friendly bank has been under fire since revealing a massive accounting blunder in January 2019, prompting an investigation by the authorities.

Customers ended up withdrawing £2bn in funds, meaning that pre-tax profits collapsed 83% to £3.4mln in the half-year to 30 June and swung to a £3.3mln loss in the third quarter.

To keep afloat, the company has been raising cash through a £375mln share placing in May, a £500mln sale of a mortgage portfolio in July and a £350mln bond issue with an eye-watering 9.5% coupon in October.

Founder and chairman Vernon Hill left in October after months of pressure by investors, while chief executive Craig Donaldson was gone by December.

Dan Frumkin, now at the helm, will respond to investors looking for a turnaround."

i agree, numbers. twas a half decent video. i watched the full thing + some others.

no change then.

........... chipppppppppppppppps