Metro Bank ‘back from the dead’ after £150 million rights issue
As the old saying goes, what doesn't kill you makes you stronger, and investors in Metro Bank (MTRO) cheered the news the company had not only secured a financial lifeline via a share placing but had raised its cost-cutting target in order to keep it on a firmer footing in the future.
The shares, which have been bumping along sub-40p for the best part of a month, jumped more than 5% to 41p on...