Britain’s Metro Bank (MTRO.L), opens new tab forecast a return to profit in the fourth quarter on Wednesday following cost-saving measures during the year and a cash injection from the sale of its residential mortgage book, sending its shares 20% up.
Metro, launched in 2010 to challenge the dominance of Britain’s big banks, has been overhauling its business and selling some assets to bolster its finances after a rescue deal last October.
Source: REUTER
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