Tuesday newspaper round-up: Greece, Tesco, Ladbrokes and Gala Coral

23rd Jun 2015 07:19

The president of the European Council, Donald Tusk, has urged EU leaders to avoid an "uncontrollable, chaotic Graccident" in their continued negotiations over Greece, The Guardian reports.The Groceries Code Adjudicator has named Tesco as the worst of Britain's leading supermarket chains at complying with industry guidelines designed to protect suppliers, The Telegraph writes.Ladbrokes and Gala Coral are in talks over a merger worth £3bn-4bn that would create a betting business with a combined store estate of nearly 4,000 bookie shops, writes The Times.The former head of RSA's Irish unit has won a record €1.25m at an employment tribunal, claiming that he had been made the "fall guy" for accounting discrepancies, according to The Guardian. Stocks in China declined on Tuesday with the Shanghai Composite down 2.4% by lunchtime, having dropped as much as 4.7% earlier on, the Financial Times said. This following the worst week for Chinese stocks since 2008.Bank of England deputy governor Sir Jon Cunliffe has said that wage growth should pick up over the coming months and years as business investment and productivity increases, The Telegraph says."Business leaders have called on David Cameron to secure opt-outs from European Union directives as part of Britain's renegotiated membership of the single market," The Times writes.