Funds short Metro Bank but market confident on rights issue

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Equity
Follow-ons and Rights issues

Funds short Metro Bank but market confident on rights issue

Sam Kerr
March 04, 2019 04:15 PM
Metro_Bank_logo_PA 230x150
File photo dated 14/2/2015 of a Metro Bank sign. Metro Bank chief executive Craig Donaldson will be in the spotlight next week as the lender continues to grapple with the fallout of an accounting error that saw nearly 40% wiped off its value in one day. | Laura Lean/PA Wire/PA Images

Metro Bank has come under pressure from investors building short positions against it in recent days, but sources are still confident in its chances of executing a successful rights issue.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

EquityUKEuropeFollow-ons and Rights issuesEMEAFIG
SK
Sam Kerr
Gift this article