Metro Bank’s £303m block covered before launch

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Metro Bank’s £303m block covered before launch

Sam Kerr
July 25, 2018 02:15 pm
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File photo dated 29/7/2010 of Metro Bank chairman Vernon Hill who has dodged a shareholder rebellion despite investor concerns over multimillion-pound payments to his wife's architecture firm. | John Stillwell/PA Wire/PA Images

Metro Bank raised £303m from a primary non-preemptive placing after market close in London on Tuesday night but although it received a strong reception the stock traded down on Wednesday.

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