UK Investor Magazine
BP & Shell, Tesco and UK Housebuilders with interactive investor’s Victoria Scholar
Oct 10, 2023
Victoria Scholar, Head of Investment at interactive investor, discusses BP and Shell's stock performance in relation to oil prices, the challenges faced by Metro Bank, the impact of declining house prices on UK house builders, and Nike's financial results.
29:59
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Quick takeaways
- Metro Bank's capital raise may improve investor confidence after facing financial issues and declining share price.
- Despite declining house prices, there is potential for buyers to return to the market influenced by various factors.
Deep dives
Metro Bank raises capital to avoid collapse
Metro Bank completed a £925 million capital raise, with a Colombian billionaire becoming its largest shareholder. This comes after a steady decline in its share price and a lack of investor confidence. The bank had been facing financial issues, including a fine from the FCA and problems with its loan book classification.
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