* BHP: Elliott Management Corp's activist campaign to shake up Anglo-Australian mining group BHP Billiton, relies on tested U.S. shareholder activism strategies to deliver one of the hedge fund's biggest ever bets on a company.

* BRITAIN RETAIL: Shoppers in Britain clamped down on their spending in early 2017 as retail sales rose at the slowest pace since the depths of the global financial crisis nearly a decade ago, a retail industry group said on Tuesday.

* TESCO: A court approved a deal on Monday between Britain's biggest retailer Tesco plc and the country's Serious Fraud Office (SFO) to settle a probe over a 2014 accounting scandal.

* BARCLAYS: The United States Department of Justice is probing Barclays over whistleblower scandal, New York Times reported on Monday. http://nyp.st/2okrowc.

* JAEGER: Fashion retailer Jaeger, known for its classic British clothing ranges, has gone into administration, the administrators said in a statement, putting nearly 700 jobs at risk.

* BRITAIN ELECTRIC CARS: Britain awarded millions of pounds on Tuesday to help boost manufacturing of electric vehicle batteries, including a project to build the country's second purpose-built electric battery plant and another to make the technology more powerful.

* BRITAIN WHEAT: Britain's wheat exports rose slightly in February but were still running behind last season's pace, customs data showed on Monday.

* The UK blue chip index ended the day flat on Monday with retailers the top gainers, and mid and small-caps rose to new record highs on strength in commodities.

* For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets

TODAY'S UK PAPERS

> Financial Times

> Other business headlines Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * For Top News : http://topnews.reuters.com (Reporting by Rahul B in Bengaluru; Editing by Sunil Nair)