Friday newspaper round-up: Greece, Valeant makes offer for Zoetis, Tesco

26th Jun 2015 07:10

Greek bailout talks have been postponed until Saturday, giving Athens its "last chance to strike a deal or trigger a 'plan B' that would attempt to prevent a Greek default from damaging the rest of the Eurozone", reports the Financial Times.Valeant Pharmaceuticals has reportedly made a preliminary approach to buy animal health outfit Zoetis, which was spun off from Pfizer in 2013, according to The Wall Street Journal. Poets had a market cap of nearly $25bn on Thursday.Tesco boss Dave Lewis is to face shareholders for the first times at its AGM on Friday and is likely to warn that like-for-like sales at the supermarket are still declining by over 2% in the UK, according to The Telegraph.House prices in Oxford have jumped £41,700 on average over the last year, nearly four times the growth seen across the wider UK and surpassing the £38,900 average increase in London, says The Telegraph.NATO's supreme allied commander, General Philip Breedlove has said he sees evidence that Russia is "building an effective supply system to strengthen its ability to conduct military operations inside Ukraine", writes The Wall Street Journal.Network Rail chairman Richard Parry-Jones is to step down and be replaced by London's transport commissioner Sir Peter Hendy after it was revealed that infrastructure and rail operator missed targets as costs spiralled, writes The Guardian.Profits at McLaren Automotive more than tripled last year as the company boosted deliveries to customers by 18% to 1,649 cars, reports The Times.Airbnb is close to securing $1.5bn in fundraising that would lift its valuation to $24bn, writes the Financial Times.The Guardian reports that US-owned tyre giant Good Year is to shut a factory in Wolverhampton, putting 330 jobs at risk.