Rumours have resurfaced that private equity group Kohlberg Kravis Roberts could be planning to make a bid for Morrisons.

In July this year shares in the supermarket group rose after reports suggested that a consortium of private equity companies could be planning a £6bn bid. This time around, traders have speculated that a bid could be pitched at 350p a share.

Shares in Morrisons rose 7.5p to finish on 258.5p yesterday.