European markets rise despite continued failure of European leaders to agree new terms for the Greek bailout and are not spooked by an eclipse of the sun which in ancient times would have been taken as a bad omen. French cement group Lafarge and its Swiss partner Holcim agree new terms for their $44 billion bailout, pushing up Lafarge’s share price. In the U.K. retail bank TSB agrees to a $2.5 billion takeover by Spain’s Banco de Sabadell. Alliance Trust, a venerable British investment house, urges shareholders to reject a coup attempt by activist U.S. investor Elliot Advisers, which wants to put its own directors on the Alliance Board.
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