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Boom in UK IPOs led by 'bricks and clicks'

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The U.K.'s largest pet products retailer, Pets at Home, has become the latest home-grown company to come to the market, in what is set be the biggest year for IPOs in the U.K. retail sector in a decade.

Ex-Jefferies employees in the spotlight


Former Jefferies Managing Director Jesse Litvak defrauded investors of $2m using a U.S. bank bailout program to earn illegal profit for the firm, prosecutors said at the start of his trial.

Citigroup wins stealing secretary lawsuit

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Citigroup won dismissal of a lawsuit by former Wall Street banker William Salomon, son of the founder of Salomon Brothers, who blamed the bank for his personal secretary’s theft of more than $1m.