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Tuesday, September 23, 2014

Takeover Digest- British Business - Sept 24, (NYSE: BCS)

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times SFO PUTS TESCO IN THE SPOTLIGHT AS CRISIS DEEPENS Britain's Serious Fraud Office is following events at the country's biggest supermarket chain Tesco Plc closely as the company investigates whether any deliberate manipulation was involved in the creation of 250 million pounds ($409.75 million) of illusory profits. ('S RETAIL RIVALS WARNED OVER RISKS IN ACCOUNTS Auditors have warned leading retailers including J Sainsbury , Wm Morrison and Travis Perkins Plc that they could be at risk of a Tesco-style accounting fiasco. ( ANOTHER FINE MESS FOR BARCLAYS, THE BRITAIN'S MOST PENALISED FINANCIAL GROUP Barclays Plc has been officially declared the most-fined financial institution in Britain after confirming that it is paying a 38 million pound penalty for failings that put billions of pounds of client money at risk. ( Guardian JIMMY CHOO PLANS FLOTATION VALUED AT MORE THAN 700 MLN STG Jimmy Choo (IPO-JIM.L) has set out plans to join the London Stock Exchange next month in a deal that could value the upmarket shoemaker at more than 700 million pounds, seeking to woo investors with the prospect of expansion in Asia. (

Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 1.05% or $-0.16/share to $15.10. In the past year, the shares have traded as low as $13.96 and as high as $19.59. On average, 3137150 shares of BCS exchange hands on a given day and today's volume is recorded at 2227684.