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Share Price: 129.35

Bid: 129.40

Ask: 129.45

Change: 1.35 (1.05%)

Spread: 0.05 (0.039%)

Open: 127.50

High: 130.30

Low: 126.00

Prev. Close: 128.00

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Thursday newspaper round-up: Greece, BT, Formula One

Thu, 25th Jun 2015 06:35

Hopes over Greece were dashed on Wednesday night after Greek PM Alexis Tsirpas failed to reach a deal after seven hours of talks with creditors, writs the Financial Times. A senior Eurozone official said discussions produced "not much progress".BT is asking Ofcom to let it scrap the traditional telephone network as it attempts to compete better with US internet companies such as Apple and Facebook, The Telegraph reports."The race is on to control Formula One after it emerged that an American-Qatari consortium had made an approach to buy a key 35.3% stake in the business from CVC, the private equity group," writes The Times.Oil majors Shell and Eni have met officials in Tehran to discuss investing in Iran's energy industry, "the first time international oil groups have publicly confirmed such talks ahead of a possible nuclear deal with the west", writes the Financial Times.Atom Bank, the UK's first digital-only bank, has been granted a banking licence and will be available through an online app, writes The Times.The government is preparing the sell a stake in the Green Investment Bank worth £1.4bn to be used to pay off government debt, writes The Guardian.WeWork, the New York-based provider of shared office space, has been valued at $10bn, just six months after being valued at $5bn, according to The Wall Street Journal.The government is expected to admit that it has missed its targets in the £38.5bn five-year investment plan for Network Rail due to dramatic spending increases for projects, according to The Guardian.The Crown Estate, which owns property on behalf of the Queen, has give record profits of £285m to the Treasury after a 7% increase in annual profits, The Telegraph says.

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