Shares in Morrisons rose 7.25p to close on 201.75p yesterday following continued speculation that the supermarket group could be the target of a bid.

Weekend reports suggested that a consortium made up of private equity groups Texas Pacific, CVC and Permira, could be planning a £6bn bid for the chain.

The reports added that Barclays Capital was also thought to be interested in the chain but 'couldn't make the numbers work'.