MTRO.L - Metro Bank PLC

LSE - LSE Delayed price. Currency in GBp
3,376.00
-30.00 (-0.88%)
At close: 4:35PM BST
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Previous close3,406.00
Open3,404.00
Bid0.00 x 1700
Ask3,500.00 x 22000
Day's range3,328.00 - 3,416.00
52-week range3,066.00 - 3,464.00
Volume96,775
Avg. volume262,358
Market cap2.989B
Beta0.55
PE ratio (TTM)267.94
EPS (TTM)12.60
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est3,369.75
  • Reuters - UK Focus3 days ago

    Lloyds sells Irish mortgage business to Barclays for 4 bln pounds

    Lloyds Banking Group has sold its Irish residential mortgage portfolio to Barclays (Swiss: BARC.SW - news) for around 4 billion pounds ($5.4 billion) in cash, as part of a plan to focus on its core British market. The deal was the last action Lloyds needed to take to complete its exit from the Irish market, following its closure of its retail banking operation there in 2010. Lloyds is left only with around 4 billion pounds worth of additional Irish mortgages that it will allow to expire over time.

  • Reuters - UK Focus12 days ago

    Shire takeover, bid for Virgin Money enliven UK stocks

    Dealmaking dominated activity in UK stocks, with gains in Shire and Virgin Money, although the FTSE 100 index held steady after a public holiday and ended flat at 7,565.75 points. A weaker pound had encouraged ...

  • Virgin Money bid sparks British bank consolidation talk
    Reuters12 days ago

    Virgin Money bid sparks British bank consolidation talk

    British entrepreneur Richard Branson, founder of the Virgin business empire, is reviewing a 1.6 billion pounds takeover bid that could turn the fledgling lender he founded almost 25 years ago into one of Britain's biggest banks. Britain's mid-sized 'challenger' banks' shares rose sharply on Tuesday, after the approach by CYBG (CYBGC.L) for rival Virgin Money (VM.L), prompting speculation that long-awaited consolidation in the sector could become a reality. Shares in Virgin Money, of which airlines-to-music mogul Branson owns about 35 percent, rose as much as 9 percent after the all-share takeover offer.

  • Reuters - UK Focus12 days ago

    Virgin Money bid sparks British bank consolidation talk

    British entrepreneur Richard Branson, founder of the Virgin business empire, is reviewing a 1.6 billion pounds ($2.2 billion) takeover bid that could turn the fledgling lender he founded almost 25 years ago into one of Britain's biggest banks. Britain's mid-sized 'challenger' banks' shares rose sharply on Tuesday, after the approach by CYBG for rival Virgin Money, prompting speculation that long-awaited consolidation in the sector could become a reality.

  • Reuters - UK Focus13 days ago

    LIVE MARKETS-UK challenger banks: disruption in consolidation

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market ...

  • Reuters - UK Focus13 days ago

    Virgin Money shares rise 9 percent after CYBG takeover bid

    Shares (Berlin: DI6.BE - news) in Virgin Money rose as much as 9 percent on Tuesday after the British bank said it had received an all-share takeover offer by rival CYBG (Frankfurt: 30712270.F - news) , valuing the group at about 1.6 billion pounds ($2.17 billion). Shares in other mid-sized lenders Metro Bank (Frankfurt: 6MB.F - news) and OnesavingsBank also rose by 4 percent in response to the takeover offer, a sign that long-awaited consolidation of Britain's so-called challenger banks could be starting. CYBG (Frankfurt: 42YA.F - news) 's shares recouped early losses to be flat by 0712 GMT, following the announcement of its Virgin bid.

  • Reuters - UK Focus18 days ago

    British peer appointed to dole out $1 billion in RBS grants

    Banking Competition Remedies (BCR) said Godfrey Cromwell, a member of the House of Lords, had been appointed its chairman. Cromwell, who has industry experience, will be charged with overseeing the dispersal of the funds, intended to spur competition in a business banking market dominated by four large players. Already small, so-called challenger banks are lining up to bid for their share, with some entering the market for the first time altogether, eager for help to compete with the likes of HSBC, Barclays (LSE: BARC.L - news) , Lloyds Banking Group and the Royal Bank of Scotland (LSE: RBS.L - news) (RBS).

  • One FTSE 250 banking stock I’d sell to buy the Barclays share price
    Fool.co.uk26 days ago

    One FTSE 250 banking stock I’d sell to buy the Barclays share price

    Roland Head flags up a value opportunity at Barclays plc (LON:BARC) and explains why he'd take profits on this FTSE 250 (INDEXFTSE:MCX) high flyer.

  • Reuters26 days ago

    Metro Bank shares tumble as dwindling capital takes shine off profits

    Shares in Metro Bank, which was founded in 2010 to help break up the dominance of Britain's biggest banks, were trading 11.2 percent lower at 31.24 stg by 0937 GMT after flagging the likely fundraising in its first quarter results. Goodbody analyst John Cronin said institutional shareholders could tire of cash calls, especially because the lender's share price has remained relatively flat since its last capital raise in July 2017. "The money we'll be raising is purely growth capital," Metro's CEO Craig Donaldson told Reuters.

  • Reuters - UK Focus26 days ago

    Metro Bank shares tumble as dwindling capital takes shine off profits

    Britain's Metro Bank (Frankfurt: 6MB.F - news) said on Wednesday it expected to issue up to 250 million pounds of new debt this year, stoking concerns it may need to raise even more capital to challenge the country's biggest banks. Shares in Metro Bank, which was founded in 2010 to help break up the dominance of Britain's biggest banks, were trading 11.2 percent lower at 31.24 stg by 0937 GMT after flagging the likely fundraising in its first quarter results. Goodbody analyst John Cronin said institutional shareholders could tire of cash calls, especially because the lender's share price has remained relatively flat since its last capital raise in July 2017.

  • Reuters26 days ago

    Metro Bank investors reelect Vernon Hill as chairman

    Metro Bank Plc (MTRO.L) shareholders voted to reelect American businessman Vernon Hill as chairman on Tuesday, despite a controversy over payments made over several years by the British bank to his wife's architecture company. Of the votes cast at the bank's annual general meeting in London 96 percent were in favour of Hill continuing in his role. Investment adviser firm Glass Lewis and asset manager Royal London last week questioned whether it was appropriate that Metro Bank had paid some 21 million pounds in fees since 2010 to InterArch, owned by Hill's wife Shirley.

  • Reuters - UK Focus26 days ago

    Metro Bank investors reelect Vernon Hill as chairman

    Metro Bank Plc shareholders voted to reelect American businessman Vernon Hill as chairman on Tuesday, despite a controversy over payments made over several years by the British bank to his wife's architecture ...

  • Reuterslast month

    Metro Bank investor aims to oust chairman over payments to wife's firm

    British fund manager Royal London Asset Management (RLAM) plans to launch a shareholder rebellion against Metro Bank (MTRO.L) over payments made to a company owned by the wife of Chairman Vernon Hill. RLAM, which has a 0.44 percent stake in the bank, on Friday said it would vote against the reappointment of Hill and audit committee chairman Stuart Bernau at Metro's annual shareholder meeting on April 24.

  • Reuters - UK Focuslast month

    Metro Bank investor aims to oust chairman over payments to wife's firm

    British fund manager Royal London Asset Management (RLAM) plans to launch a shareholder rebellion against Metro Bank (Frankfurt: 6MB.F - news) over payments made to a company owned by the wife of Chairman Vernon Hill. RLAM, which has a 0.44 percent stake in the bank, on Friday said it would vote against the reappointment of Hill and audit committee chairman Stuart Bernau at Metro (Dusseldorf: 62M.DU - news) 's annual shareholder meeting on April 24.

  • Reuters - UK Focus2 months ago

    Atom Bank raises $206 million as major backers raise their stakes

    Britain's Atom Bank has raised 149 million pounds ($207 million) in a funding round that saw its main backers Spanish lender BBVA (LSE: 931474.L - news) and London's Toscafund Asset Management raise their stakes, the app-based bank said on Wednesday. Atom, which provides savings accounts and mortgages through a smartphone app, said it would use the funds to continue to drive growth and invest in technology and business capabilities. BBVA, which has made significant investments in a number of financial technology firms, contributed 85.4 million pounds to the round, increasing its stake in Atom to 39 percent subject to regulatory and shareholder approval.

  • Metro Bank buys $731 million mortgage portfolio from Cerberus
    Reuters3 months ago

    Metro Bank buys $731 million mortgage portfolio from Cerberus

    Britain's Metro Bank (MTRO.L) will acquire a 523 million pound mortgage portfolio from two companies controlled by U.S. private equity firm Cerberus, the bank said on Friday. The portfolio was purchased from buy-to-let mortgage provider Capital Home Loans, previously owned by Ireland's Permanent TSB which sold the portfolio to Cerberus, and CERH RSMC Sub B.V., also owned by Cerberus.

  • Reuters - UK Focus3 months ago

    Metro Bank buys $731 mln mortgage portfolio from Cerberus

    Britain's Metro Bank (Frankfurt: 6MB.F - news) will acquire a 523 million pound ($731 million) mortgage portfolio from two companies controlled by U.S. private equity firm Cerberus, the bank said on Friday. The portfolio was purchased from buy-to-let mortgage provider Capital Home Loans, previously owned by Ireland (Other OTC: IRLD - news) 's Permanent TSB (EUREX: 27526365.EX - news) which sold the portfolio to Cerberus, and CERH RSMC Sub B.V., also owned by Cerberus. The investment firm has been among the most active buyers of bad debts in Europe in the years following the 2008 financial crisis, snapping up cheap loans from Ireland to Italy and selling them on as market conditions improved.

  • Glencore, Lloyds lift FTSE as investors hail earnings
    Reuters3 months ago

    Glencore, Lloyds lift FTSE as investors hail earnings

    Britain's FTSE 100 outperformed its European peers on Wednesday as solid earnings from Glencore and Lloyds gave a boost to miners and financial shares, helping lift the blue-chip index into positive territory after earlier losses. "The London market did a U-turn from yesterday which was held back by BHP Billiton and HSBC. Whereas today impressive results from a bank and miner drove the index higher", CMC Markets analyst David Madden said.

  • Growth comes at a cost for UK's Metro Bank
    Reuters3 months ago

    Growth comes at a cost for UK's Metro Bank

    Metro Bank, which was founded in 2010 to help break up the dominance of the UK's biggest banks, posted its first annual profit on Wednesday, but its shares tumbled as the growth in its loan book came at a cost to its profit margins and liquidity. This implies a loan book of between 23.37 billion pounds and 24.75 billion pounds compared with 9.6 billion pounds as at Dec. 31. Metro's higher growth targets renewed speculation among analysts that the group will be forced to return to the market to seek fresh capital and CEO Craig Donaldson confirmed on Wednesday that could happen as early as this year.

  • Reuters - UK Focus3 months ago

    Growth comes at a cost for UK's Metro Bank

    Metro Bank (Frankfurt: 6MB.F - news) could need to raise more capital later this year, its CEO said, as the British challenger bank looks to more than double its loan book within three years. Metro Bank, which was founded in 2010 to help break up the dominance of the UK's biggest banks, posted its first annual profit on Wednesday, but its shares tumbled as the growth in its loan book came at a cost to its profit margins and liquidity. This implies a loan book of between 23.37 billion pounds and 24.75 billion pounds compared with 9.6 billion pounds as at Dec (Shanghai: 600875.SS - news) .

  • Reuters - UK Focus3 months ago

    Metro Bank could raise capital this year

    Metro Bank could raise capital this year, its CEO said, as the British lender looks to fuel growth. "We are definitely going to have to raise capital in 2019, but we may choose to go in late 2018," ...

  • Reuters4 months ago

    After turning 'big idea' into bank, Atom chairman steps down

    The chairman and founder of Britain's Atom Bank stepped down on Thursday, saying his job was done after helping the business grow from a big idea in 2012 to an established lender. Anthony Thomson, who previously co-founded Metro Bank (MTRO.L), one of the most successful challengers to Britain's big four lenders, will be succeeded by Bridget Rosewell, chair of Atom Bank's audit committee. Since opening for business in 2014 as a digital-only bank focused on savings accounts and mortgages, Atom has collected more than 1 billion pounds ($1.43 billion) in deposits and lent the same amount to small businesses and homeowners.

  • Reuters - UK Focus4 months ago

    After turning "big idea" into bank, Atom chairman steps down

    The chairman and founder of Britain's Atom Bank stepped down on Thursday, saying his job was done after helping the business grow from a big idea in 2012 to an established lender. Anthony Thomson, who previously co-founded Metro Bank (Frankfurt: 6MB.F - news) , one of the most successful challengers to Britain's big four lenders, will be succeeded by Bridget Rosewell, chair of Atom Bank's audit committee. Since opening for business in 2014 as a digital-only bank focused on savings accounts and mortgages, Atom has collected more than 1 billion pounds ($1.43 billion) in deposits and lent the same amount to small businesses and homeowners.

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