Metro Bank (MTRO)

Sector:

Banking

Index:

FTSE Small Cap

100.60p
   
  • Change Today:
    -2.00p
  • 52 Week High: 149.90
  • 52 Week Low: 83.00
  • Currency: UK Pounds
  • Shares Issued: 172.42m
  • Volume: 513,814
  • Market Cap: £173.46m
  • RiskGrade: 336
  • Beta: 0.00

Metro Bank and Carlyle scrap takeover talks

By Sean Farrell

Date: Thursday 18 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Metro Bank and Carlyle Group have called off talks about a potential takeover of the UK lender by the private equity firm.
The bank said on 4 November it had received an approach from Carlyle. The US firm had until 2 December to make an offer.

"Carlyle and Metro Bank have agreed to terminate discussions regarding a possible offer for the company," Carlyle said on Thursday.

After launching as a "challenger" bank, Metro has struggled to compete with the UK's big lenders and suffered an accounting scandal in 2019 that exposed its reliance on risky lending. The bank's shares have lost almost three-quarters of their value since peaking at more than £4 in 2018.

Metro said it believed strongly in its standalone strategy and future prospects. The bank's shares fell 17% to 109.8p at 08:32 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Metro Bank Market Data

Currency UK Pounds
Share Price 100.60p
Change Today -2.00p
% Change -1.95 %
52 Week High 149.90
52 Week Low 83.00
Volume 513,814
Shares Issued 172.42m
Market Cap £173.46m
Beta 0.00
RiskGrade 336

Metro Bank Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.04% above the market average74.04% above the market average74.04% above the market average74.04% above the market average74.04% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
57.96% below the market average57.96% below the market average57.96% below the market average57.96% below the market average57.96% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
51.28% above the market average51.28% above the market average51.28% above the market average51.28% above the market average51.28% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 3
Total 7
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Metro Bank Dividends

No dividends found

Trades for 20-Jan-2022

Time Volume / Share Price
16:35 57,361 @ 100.60p
16:28 1,258 @ 101.60p
16:28 878 @ 101.70p
16:28 933 @ 101.70p
16:28 11 @ 101.40p

Metro Bank Key Personnel

CFO David Arden
CEO Daniel Frumkin
Chair Robert Sharpe

Top of Page