European markets head higher as leaders reach what European Council chief Donald Tusk calls ‘A-Greek-Ment’ after 17 hour marathon summit. Greece will get a new multibillion euro bail out, but is likely still to have to keep some capital controls in place and has pledged to establish a $55 billion fund created from the sale of assets as well as tax rises and pension reforms. The deal’s still subject to votes in both the Greek and German parliaments. It’s widely seen as a political defeat for Greece. U.K. chemicals manufacturer Alent agrees $1.5 billion takeover from U.S. peer Platform Specialty Corp. The FTSE250 stock rises almost 40%.
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