Stock markets up on Greek bailout hopes

Prospect of Greek debt breakthrough and recovery in oil prices power FTSE 100 to 15-year high

The UK stock market hit a 15-year high, buoyed by hopes that Greece will reach a breakthrough with its creditors.

A Greek government spokesman said Athens would request an extension of its bailout on Thursday, which expires in 10 days. This will fuel speculation over whether Jeroen Dijsselbloem will call another emergency Eurogroup meeting on Friday to consider the plan.