Metro Bank Shares News & Articles

Market report: Amazon-backed Deliveroo threat for Just Eat, EasyJet rallies and Metro Bank pulls off cash call lifeline

After a week dominated by ongoing tariff talks between the US and China and their impact on global trade, Brexit worries have again resurfaced to drag on UK investor sentiment. The UK's benchmark gets off to a shaky start to early trading on Friday, declining around 16 points to 7,337, but the market mood is not being helped by new emerging threats to FTSE 100 food delivery business Just Eat ...

Market report: M&S to rebase divi and raise cash as it confirms Ocado tie-up, Ted Baker warns, Metro Bank in doghouse

After admitting to talks yesterday Marks & Spencer (MKS) has on Wednesday confirmed plans to form a £1.8bn grocery joint venture with technology delivery firm Ocado (OCDO). The tie-up, if approved by shareholders, will give M&S a food delivery business for the first time, but it comes at a hefty price. M&S plans to raise £600m through a rights issue to fund its part of the ...

Market report: Takeovers enliven Friday trade as Provident and Dairy Crest accept bids, Metro Bank wins £120m competition cash

Investors have a couple of interesting takeovers to concentrate on in early trade on Friday as lender Provident Financial (PFG) and Cathedral City cheese maker Dairy Crest (DCG) recommend bids to shareholders. Provident, the £1.3bn business behind Vanquis credit cards, accepts a £1.3bn offer tabled subprime lending peer Non-Standard Finance (NSF). Interestingly, NSF was founded in 2014 by ...

Market report: Metro Bank mashed on warning, Burberry bucks negative Chinese sentiment

The FTSE 100 started the day on the back foot after a sell-off in the US overnight and strength in sterling on hopes Article 50 will be extended, delaying Brexit. The index of leading shares was down 0.5% to 6,870.27. UK fashion brand Burberry (BRBY) softens by 1.4% to £17.51 as its same-store sales in the third quarter slow from 2% a year earlier to 1% and sales as a whole dropped 1%. The ...

Market report: Shire up after accepting new Takeda offer, Whitbread confirms Costa spin-off

The FTSE 100 is down 24 points to 7,401.5 after US stocks fell overnight as bond yields hit 3%, coinciding with a big sell off in tech shares. Google owner Alphabet was among the worse affected by the sell-off. Pharma company Shire (SHP) is up 2.8% to £40.90 after its board confirms it is willing to recommend Japanese rival Takeda’s revised take-over offer. The UK-based company has been ...

Market report: William Hill shares smashed as £2 FOBT limit gossip rears head again

The gambling industry once again hits the headlines following new reports that the government might slash the maximum stake on fixed odds betting terminals (FOBT) to just £2. This story has run and run but it is having a massive impact on bookmaker stocks in early trade on Tuesday, with shares in William Hill (WMH) plunging 11% on the news to 300.5p, valuing the bookie at £2.56bn. William ...
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