Barclays, Dart and Custodian REIT

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“The FTSE100 opened in positive territory with traders looking to the UK current account and final GDP data which are out mid-morning,” says AJ Bell Investment Director Russ Mould.

Barclays’ shares were virtually flat in early trading after it confirmed it faces court action in the US over residential mortgage-backed securities. Barclays is the latest bank to face allegations following a probe by the US Department of Justice with Deutsche Bank and Credit Suisse agreeing settlements totalling $12.5bn. Barclays, though, is not prepared to do a deal and is digging in for a protracted fight having described the US Department of Justice’s complaint as being disconnected from the facts.

“Jet2 parent Dart has ordered another four new Boeing 737-800NG jets in addition to the 30 it ordered last year. The aircraft are needed to meet anticipated growth in the group’s leisure travel business and planned fleet replacement. The new jets will cost Dart $384m, which is a significant discount from the list price.

Custodian REIT has been Christmas shopping with the acquisition of a property in Liverpool and a health and fitness centre in Stoke-on-Trent. The company has acquired a 34,686 sq ft unit opposite Liverpool ONE, the city's leading retail and leisure destination, and a health and fitness centre next to the Stoke City Football Club stadium. The properties add further diversification to the company’s current portfolio.”

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