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Metro Bank founders enter Rich List


Metro Bank founder Vernon Hill and his wife Shirley are now on the Sunday Times Rich List with wealth of £400m.

Metro floated in London last month for £1.6bn. The Sunday Times says the Hill’s stake is £136m, and their other assets make up the remainder of their fortune.

Hill started Commerce Bancorp in America, is a partner in Interstate Commercial and co-owns 40 Burger King restaurants in America and is  chairman of the American insurer Petplan.

Shirley Hill designs the Metro Bank branches and her company has earned £11.9m for design services since 2009.



Metro Bank launches ‘intergenerational’ mortgage range

St James’s Place and Metro Bank are teaming up to launch an ‘intergenerational’ mortgage range. The range lets parents and grandparents support their children or grandchildren buy their first home and is only available to SJP clients. The range has three options: Gifting, where families give money to a relative and increase their deposit Providing […]


Metro Bank floats on stock exchange

Metro Bank launched on the London Stock Exchange yesterday, achieving a valuation of £1.6bn. Metro joins five other challenger banks that have listed in London since 2014. There are currently 53 banks listed on the stock exchange, with a combined market capitalisation of close to £672bn. LSE chief executive Xavier Rolet says: “Welcoming Metro Bank […]


Metro Bank plans retention product range

Metro Bank will launch a range of retention products in the coming months. A spokeswoman could not confirm whether proc fees would be paid on the range, although Mortgage Strategy has heard from brokers who say BDMs have told them they will be paid for these cases. The spokeswoman says: “We are looking into launching […]


Metro Bank to launch professional landlord range

Metro Bank is set to launch a range for professional landlords that allows them to hold up to 25 properties with the lender. Those properties must be valued at no more than £5m and the aggregate LTV of the portfolio no more than 75 per cent LTV. Limited companies and individuals are both accepted and […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


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