(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. Read More
Metro Bank Holdings PLC - London-based lender - Notes deposit outflow rates have normalised since it announced a funding package. They had increased over fears of Metro Bank's financial health prior to the capital package. Meanwhile, assets as at September 30 fall 0.7% to GBP21.61 billion from GBP21.75 billion as at June 30. Loan to deposit ratio softens to 80% from 81% over the three months. "The third quarter delivered continued momentum in personal and business current account growth and customer acquisition as well as a modest statutory profit after tax," it says. Metro Bank in October announced a new deal with investors to shore up its finances. The deal included a GBP325 million capital raise and GBP600 million in debt refinancing. In early October, the Financial Times said Metro Bank was seeking to raise up to GBP600 million to shore up its finances. It led to a sell-off in the stock, hitting the 52-week low on October 5. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Oil majors and defence contractor BAE Systems helped shield the FTSE 100 from a deeper decline on Monday, as global equities struggled as events in Israel meant it was a risk-off start to the new week. Read More
(Alliance News) - The FTSE 100 was higher at midday on Monday as shocking events in the Middle East over the weekend pushed oil prices higher and, in turn, lifted the index's heavyweight oil majors. Read More
(Alliance News) - Metro Bank Holdings PLC on Monday announced a new deal with investors to shore up its finances, helping avert "another crisis" in the banking sector in the eyes of AJ Bell's Russ Mould. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday. Read More
(Alliance News) - Stock prices in London opened lower on Monday as investors were put in a risk-off mood at the start of a new week amid exploding tensions in the Middle East. Read More
(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report. Read More
(Alliance News) - Metro Bank Holdings PLC has announced a new deal with investors to shore up its finances. Read More
(Alliance News) - Metro Bank Holdings PLC is in talks for potential financing over the weekend and could potentially receive takeover interest, according to reports from the Times. Read More
(Alliance News) - The FTSE 100 was in the green at midday Friday, boosted by Aviva amid takeover rumours. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. Read More
(Alliance News) - Stock prices in London opened higher on Friday, as focus turns to the US nonfarm payrolls data. Read More
(Alliance News) - Stocks in London are called to open higher on Friday, as investors eye a key nonfarm payroll reading in the US. Read More
(Alliance News) - Metro Bank Holdings PLC has begun a process to sell a GBP3 billion chunk of its mortgage book to shore up its finances, Sky News reported on Thursday. Read More
(Alliance News) - Stock prices in Europe ended mixed on Thursday, with the FTSE 100 outperforming despite some pressure on its banking shares, which suffered in a negative read-across amid worries for Metro Bank. Read More
(Alliance News) - Stock prices in London were largely higher at midday on Thursday, shrugging off bad news for the UK construction sector, as investors began to adjust to the higher for longer narrative around interest rates. Read More
(Alliance News) - Metro Bank Holdings PLC shares were sharply lower on Thursday, as investors questioned the bank's fundraising plans, and whether they would support them. Read More
(Alliance News) - Metro Bank Holdings PLC on Thursday said it is continuing to evaluate the best ways to enhance its capital resources. Read More