Shares in Morrisons rose 6p to finish on 335.25p yesterday amid continuing takeover speculation.

Analysts speculated that after private equity’s failed attempt at buying Sainsbury’s, they could turn their attention to Morrisons.

“We think it is possible private equity may make an offer for Morrisons but it is unlikely to succeed,” Evolution Securities analyst Freddie George told the Guardian. “It would have to offer a very full price of at least 400p a share to be successful.”