Shares in London are consolidating yesterday's sharp gains with more modest rises this morning. Click here for The Trader Nicole Elliott's latest views on the markets and the charges being faced by Barclays executives.
IC TIP UPDATES:
The Serious Fraud Office (SFO) has charged Barclays (BARC) and its ex-chief executive John Varley, along with three other ex-senior executives, with conspiracy to commit fraud. John Varley, Roger Jenkins and Barclays have also been charged with the provision of unlawful financial assistance contrary to the Companies Act 1985. The charges relate to capital raisings with Qatar Holdings and Challenger Universal in 2008 and a $3bn loan available to Qatar. The defendants will appear before Westminster Magistrates Court on 3 July. More to follow, our buy tip is also under review.