Eurozone finance ministers have agreed a second bailout for Greece after marathon talks in Brussels. Greece is to receive loans worth more than 130bn euros (£110bn; $170bn).
Tesco will invest £1bn in improving its stores, after it announced marginally better results than expected but admitted it would drastically scale back its expansion in Britain after poor sales.
Telegraph
Royal Bank of Scotland is the "most vulnerable" bank in Europe and could be forced to raise £17bn in new money to shore up its capital ratios, more than any other major European lender, according to analysts at Credit Suisse.