The Observer said that the Sainsbury family has publicly backed the supermarket’s group chief executive Sir Peter Davis and has no intention of selling its 37% stake, despite market rumours.

The Business said that Wal-Mart is considering making a £1bn bid for UK clothing retailer Matalan to give its UK subsidiary Asda another outlet to sell its range of George clothes.

Woolworths is to revamp its 40-year old Pick n Mix sweet offer by replacing bags with paper cups. According to the Observer, the new cups will be tested at its store in Redhill, Surrey. A big cup will cost £2.99 and a small cup for £1.99.

Tesco chief executive and Everton supporter Sir Terry Leahy has hit back at critics of his £2.8m pay package. Sir Terry told the Sunday Express that understood why shareholders would be concerned about rewards for failure, but that did not apply to Tesco. “If you want a successful society, you have to ensure enough people are incentivised, whether it is footballers like David Beckham or company executives.”

Asda’s design director of its George clothing range, Kate Bostock, has passed over the chance to be Marks and Spencer’s new chief for its children’s clothing following the loss of Michelle Jobling eight months ago, according to the Mail on Sunday.
The paper also said that health and beauty retailer Boots is in discussions to install Boots-branded sections in US store chains to sell its products.