Gavin Patterson says he is angry about the crisis uncovered in BT’s Italian business but claims the situation is now under control * BT loses almost £8bn in value as accounting scandal deepens * Tesco to buy Budgens owner Booker in £3.7bn deal * Tesco tops FTSE leader board as shares jump 8% * Philip Hammond: UK will respect EU rules as it seeks new trade deals 12.32pm GMT Failure to break the impasse of deadlocked bailout talks at Thursday’s Eurogroup meeting saw the Athens Stock Exchange shed 2.9% today with bank shares plummeting by more than 5%. The next tranche of emergency funding from Greece’s third €86bn bailout hinges on the conclusion of a review by creditors of Greek progress on reforms. 12.22pm GMT GREEK SHARES ARE DOWN TODAY AFTER LACK OF PROGRESS BETWEEN GREECE AND ITS FELLOW EUROZONE MEMBERS AT THURSDAY’S EUROGROUP MEETING. Eurogroup President Jeroen Dijsselbloem called on Greece to move faster on reforms so that its creditors’ could return to Athens as soon as possible and resume negotiations about the next tranche of funding. At presser #eurogroup @J_Dijsselbloem: quick finalisation of second review is in everybody's interest #greece Dijsselbloem: We have encouraged #Greece & institutions to accelerate their work with a view to allow a return of the mission to Athens asap Continue reading...
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