Friday newspaper round-up: Greece, BHS, Airbus, Sky

Eurozone nations have agreed on the final elements of a plan to get Greece out of its eight-year bailout program and make its massive debt more manageable. The finance ministers of the 19 nations reached a surprisingly hard-fought compromise after talks stretched into Friday morning. The ministers needed to finalise a deal between Greece and its international creditors that would allow it to safely emerge from its third and final bailout program on 20 August and face the markets again. – Guardian

Sir Philip Green is seeking a gagging order to prevent the full publication of a watchdog’s report that casts fresh light on the BHS scandal. On Thursday, Green launched a high court bid to stop the Financial Reporting Council publishing its damning report on the failures of the auditors responsible for checking BHS’s accounts. – Guardian

Plane-maker Airbus has warned it could pull out of the UK if Britain bows out of the EU without a trade deal. The pan-European manufacturer – which employs about 15,000 staff directly in Britain – signalled its frustration at political infighting which is delaying deals on critical areas such as aviation regulation and customs rules. – Telegraph

Cake Box is handing investors a slice of its burgeoning retail business through a £43m London listing. The fresh cream cakes retailer is floating 41pc of the business on London’s junior market in a move that will hand founders Sukh Chamdal and Pardip Dass a near £17m payday. Strong demand for its egg-free cakes has seen the company rapidly expand over the past 10 years from one shop in London’s East End to a franchise estate of 91 stores. – Telegraph

Sir Martin Sorrell has criticised the handling of his departure as chief executive of WPP and called for a leak investigation. He said yesterday that he violently disagreed with the assertion of Roberto Quarta, the advertising group’s chairman, that he was treated equally to all other employees. “The most damaging thing that happened during the course of those events . . . was the leak over the Easter weekend at the very top of the company and which, to my knowledge, there has been no investigation whatsoever.” – The Times

Sky could change hands for as much as £50 billion amid an intensifying battle for control of the company, Crispin Odey, the hedge fund manager, has said. Mr Odey, founder of Odey Asset Management, a Sky investor, said his fund’s research suggested that the British satellite broadcaster’s financial position would soon improve, leading to higher bids from suitors. – The Times