Reuters: Regulatory News: PRESS DIGEST- British Business - Oct 2

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PRESS DIGEST- British Business - Oct 2 Oct 1st 2013, 23:43 Tue Oct 1, 2013 7:43pm EDT Oct 2 (Reuters) - 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. Profit is not a dirty word, David Cameron will say today, as he mounts a passionate defence of big business. Spread-betting firms operating a so-called grey market in Royal Mail shares - a bet on what the price will be at the close of its debut day's trading on Friday week - were indicating last night that the shares could hit 340 pence. REGULATORS TO HAVE POWER TO EJECT BANK BOSSES UNDER STRESS TEST PLANS Bank bosses could be ejected by regulators if they fail to bullet-proof their companies against economic shocks. BANKERS FACE JAIL TERM FOR 'RECKLESS MISCONDUCT' Government's proposed new offence could mean term of up to seven years, although reform bill not expected until 2014. POUNDLAND TO OPEN 500 NEW UK STORES AND EXPAND INTO MAINLAND EUROPE Discount retailer likely to float on London stock exchange next year in wake of 15 percent sales rise.

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