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Sep 22 - Markets closed

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Shanghai 2,305.38 +15.51 (0.68%)
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GBP/USD 1.6371 +0.0002 (0.01%)
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GBP/JPY 178.0079 -0.0121 (-0.01%)
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GBP/AUD 1.8378 -0.0063 (-0.34%)
Tesco suspends four after overstatement of profit
LONDON - Tesco, the world's second-largest supermarket chain, after Walmart, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by $407 million.
Tesco's turmoil can't be overstated: it may go right back to the drawing board  
Tesco chief Laurie McIlwee handed �1m payoff just a week before scandal  
Market Chart
6,773.63 0.00 (0.00%)
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Top stories

Sir Richard Broadbent is under pressure to resign as chairman of Tesco after it emerged the company's board dismissed warnings from its own auditor about how it was accounting for commercial deals with suppliers, months before a dramatic profits warning.
Lou Jiwei, China's Finance Minister, left, and Janet Yellen, chair of the U.S. Federal Reserve, attend the G20 Finance Ministers and Central Bank Governors Meeting in Cairns.
CHALLENGER bank Aldermore plans to float on the London Stock Exchange next month in a debut that could value it at up to �900m. The bank, which focuses on lending to small and medium-sized businesses and homeowners, is part of a wave of ...
Britain's first new nuclear plant in a generation is on the verge of getting the go-ahead after the EU struck a deal with the UK Government to approve the �16bn project under state aid rules.
BARCLAYS is expected to be fined close to �38 million by the City regulator for a failure to ensure adequate protection of clients' funds.

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