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Metro Bank PLC (MTRO.L)

MTRO.L on London Stock Exchange

287.20GBp
20 Sep 2019
Change (% chg)

-5.20 (-1.78%)
Prev Close
292.40
Open
293.60
Day's High
319.00
Day's Low
281.40
Volume
6,263,769
Avg. Vol
1,317,627
52-wk High
3,086.00
52-wk Low
247.45

Latest Key Developments (Source: Significant Developments)

FMR Llc Discloses Below 5% Stake In Metro Bank As Of Aug 16
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Metro Bank PLC ::FMR LLC DISCLOSES A BELOW 5% STAKE IN METRO BANK AS OF AUG 16 VERSUS PRIOR STAKE OF 6.98% - FILING.  Full Article

Metro Bank Says Finance Director David Maclean Leaving Co To Take Up New Role
Monday, 29 Jul 2019 

July 29 (Reuters) - Metro Bank PLC ::METRO BANK PLC SAYS FINANCE DIRECTOR DAVID MACLEAN IS LEAVING CO TO TAKE UP A NEW ROLE.  Full Article

Metro Bank HY Statutory Pretax Profit 3.4 Mln Stg Vs 20.8 Mln Stg Year Ago
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Metro Bank PLC ::METRO BANK PLC - METRO BANK PLC H1 2019 RESULTS.METRO BANK PLC - TOTAL DEPOSITS OF £13.7 BILLION, IN LINE WITH H1 2018.METRO BANK PLC - NET OUTFLOWS OF £2.0 BILLION IN H1 2019.METRO BANK PLC - HY YEAR-ON-YEAR LOAN GROWTH OF £3.0 BILLION, UP 25% TO £15.0 BILLION.METRO BANK PLC - DEPOSIT PERFORMANCE IN Q2 IMPACTED BY INTENSE SPECULATION AT TIME OF CAPITAL RAISE.METRO BANK PLC - TOTAL DEPOSITS HAVE RETURNED TO NET GROWTH.METRO BANK PLC - UNDERLYING PROFIT BEFORE TAX OF £13.6 MILLION IN H1 2019 (H1 2018: £24.1 MILLION).METRO BANK PLC - IN LAST EIGHT WEEKS, INCLUDING JULY MONTH TO DATE, CO HAS HAD NET DEPOSIT INFLOWS OF OVER £700 MILLION..METRO BANK PLC - STATUTORY PROFIT BEFORE TAX OF £3.4 MILLION IN H1 2019 (H1 2018: £20.8 MILLION).METRO BANK PLC - YEAR-ON-YEAR LOAN GROWTH OF £3.0 BILLION, UP 25% TO £15.0 BILLION.METRO BANK PLC - UPGRADED COST SAVING GUIDANCE AS TRANSFORMATION PROGRAMME PROGRESSED.METRO BANK PLC - LOAN GROWTH WAS REDUCED BY PLANNED DISPOSAL OF A £521 MILLION LOAN PORTFOLIO PREVIOUSLY ACQUIRED IN 2017.METRO BANK PLC - EXIT RUN-RATE COST SAVINGS IN 2019 EXPECTED TO BE AT TOP END OF PREVIOUSLY INDICATED £15 MILLION TO £19 MILLION RANGE.METRO BANK PLC - HY FEE AND OTHER INCOME INCREASED 61% TO £46.4 MILLION IN H1 2019 (H1 2018: £28.9 MILLION).METRO BANK PLC - HY CUSTOMER ACCOUNT GROWTH OF 190,000 (H1 2018: 201,000).METRO BANK SAYS "THIS HAS BEEN A CHALLENGING FIRST HALF FOR BANK".  Full Article

Metro Bank To Begin Search For Independent Chair
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Metro Bank PLC ::METRO BANK PLC - METRO BANK TO BEGIN SEARCH FOR INDEPENDENT CHAIR.METRO BANK PLC - WILL START PROCESS OF RECRUITING AN INDEPENDENT, NON-EXECUTIVE CHAIR.METRO BANK - CONTINUES ITS PROACTIVE SEARCH FOR ADDITIONAL INDEPENDENT NED CANDIDATES AND METRO BANK EXPECTS TO MAKE FURTHER APPOINTMENTS THIS YEAR.METRO BANK PLC - HILL WILL CONTINUE AS CHAIRMAN UNTIL A SUCCESSOR IS APPOINTED.METRO BANK PLC - METRO BANK EXPECTS TO MAKE FURTHER APPOINTMENTS THIS YEAR.METRO BANK PLC - VERNON HILL WILL REMAIN AS A NON-EXECUTIVE DIRECTOR, FOUNDER AND PRESIDENT AFTER NEW CHAIR APPOINTMENT.  Full Article

Metro Bank Will On Wednesday Disclose That It Is To Seek A Successor To Vernon Hill, Its Founder And Chairman- Sky News
Tuesday, 23 Jul 2019 

July 23 (Reuters) - :METRO BANK WILL ON WEDNESDAY DISCLOSE THAT IT IS TO SEEK A SUCCESSOR TO VERNON HILL, ITS FOUNDER AND CHAIRMAN- SKY NEWS.  Full Article

London & Associated Properties Announces Sale Of Long Lease In Sheffield Retail Unit
Monday, 24 Jun 2019 

June 24 (Reuters) - London & Associated Properties PLC ::SALE OF LONG LEASE IN SHEFFIELD RETAIL UNIT.EXCHANGED CONTRACTS TO SELL 999 YEAR LEASE ON 58-64 FARGATE UNIT IN SHEFFIELD TO METRO BANK FOR ITS OWN OCCUPATION.UNIT IS CURRENTLY LET TO RIVER ISLAND AT £495,000 PER ANNUM AND NET CASH INFLOW FROM SALE IS £9.5 MILLION.  Full Article

Wilmington Raises Stake To 9.53% From 5.37% In Metro Bank - Filing
Friday, 7 Jun 2019 

June 7 (Reuters) - Metro Bank PLC ::WILMINGTON RAISES STAKE TO 9.53% FROM 5.37% IN METRO BANK - FILING.  Full Article

Wasatch Advisors Disclose 4.5% Stake In Metro Bank As Of June 3
Thursday, 6 Jun 2019 

June 6 (Reuters) - Metro Bank PLC ::WASATCH ADVISORS DISCLOSE 4.5 PERCENT STAKE IN METRO BANK AS OF JUNE 3 - FILING.  Full Article

Norges Bank Discloses 3.10% Stake In Metro Bank As Of May 17 - Filing
Tuesday, 21 May 2019 

May 21 (Reuters) - Metro Bank PLC ::NORGES BANK DISCLOSES 3.10% STAKE IN METRO BANK PLC AS OF MAY 17 - FILING.  Full Article

Metro Bank investor Royal London To Oppose CEO, Chair at AGM
Friday, 17 May 2019 

May 17 (Reuters) - Metro Bank PLC ::INVESTOR ROYAL LONDON ASSET MANAGEMENT SAYS HAS DECIDED TO VOTE AGAINST THE RE-ELECTION OF EIGHT DIRECTORS AT AGM.RLAM SAYS CONTINUES TO HAVE SIGNIFICANT CONCERNS OVER GOVERNANCE AT METRO BANK.RLAM SAYS CONSIDERS ONLY FIVE OUT OF 11 METRO BANK DIRECTORS AS INDEPENDENT, DOES NOT CONSIDER THE CHAIRMAN TO BE INDEPENDENT.RLAM SAYS TO VOTE AGAINST RE-ELECTION OF METRO BANK CEO AND CHAIRMAN.  Full Article

PRESS DIGEST- British Business - May 31

May 31 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.