Tag: Shareholders

  • Metro Bank shareholders overwhelmingly back rescue plan

    Metro Bank shareholders have voted overwhelmingly in favour of a major refinancing package which the bank hopes will secure its future. The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially. The vote comes after the embattled challenger announced a major refinancing package in October. The…

  • McLaren: Shareholders stump up £80m as cash crisis continues

    McLaren has been forced to ask its shareholders for an additional £80m in funding, as it struggles to stay afloat amid a cash crisis. The marque warned last month it would need more money from its Bahrain owners after losses at the business more than doubled last year, amid delivery delays and mounting costs. Investors…