0936 GMT - Metro Bank is in a much better place, AJ Bell's Russ Mould says in a market comment. Any suitor would need to take a longer-term view of its potential to justify paying a large premium to the current market price, Mould says. Reports of a takeover approach for the U.K. challenger bank sent shares higher. The group has been on a rollercoaster journey. But it has now repositioned itself as a business banking provider after a rocky patch that resulted in an emergency fundraise, Mould adds. Investors are now slowly regaining confidence. The price a suitor such as Pollen Street Capital would pay is unknown and shares aren't cheap against 2025 earnings expectations, he adds. The stock is up 15% at 128.8 pence, and has gained 217% on a 12-month basis. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 05:36 ET (09:36 GMT)
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