LM3914 with arduino. Wiring and explaination.

would this be a suitable IC?

http://proto-pic.co.uk/products/Shift-Register-8%252dBit-%252d-74HC595.html

I think with this one I would have to use resitors to drive the LED's. Can anyone find one i can get in the UK easily? adn less than £12 for one IC + P&P

Thanks Rob