Tuesday newspaper round-up: Greece, Rio Tinto, UK consumer confidence
European Council president Donald Tusk sent a letter to Greek prime minister Alexis Tsipras late on Monday, denying the latter’s request for reconsidering a bailout extension, reports the Financial Times. Tusk said: “After consultations with leaders, in the absence of new elements, I see no willingness to go against the position expressed by finance ministers at their 27 June meeting.”
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Greece has threatened to seek a court injunction against EU institutions to block its potential exit from the Eurozone, The Telegraph writes.
Former Xstrata boss Mick Davis is reportedly in “serious” talks about buying some of Rio Tinto’s Australian coal assets, according to sources cited by the Financial Times.
UK consumer confidence rose in June to its highest level since early 2000, according to GfK’s latest survey, as low inflation and stronger pay growth helped spending, writes The Telegraph.
Japan’s Sumitomo Mitsui Banking Corp is closing in on the purchase of General Electric’s European private-equity finance business and is expected to pay over $2bn, writes The Wall Street Journal.
The Society of Motor Manufacturers and Traders has said that the number of new vehicles being produced in the UK is expected to rise to nearly 2m by 2017, The Independent reports.
Train Fund Management has purchased a 7.24% holding in Pentair and has asked the pump and valve maker to consider buying up rivals to consolidate the fragmented market for the specialised parts, The Wall Street Journal reports.
The Office for National Statistics has revealed that 51.5% of households received more in benefits last year than they paid in taxes, according to The Times.
The Guardian cited Office for National Statistics figures that showed that UK households are still £500 a year worse off than before the financial crisis.