Morrisons has been tipped as favourite to win the battle to take over rival supermarket operator Safeway by analysts at City firm JP Morgan, according to speculation in the weekend press.
As the Competition Commission takes a far wider look at the supermarket sector analysts feel that the likes of Asda and Tesco will conclude that the number of stores each would have to sell off to satisfy competition concerns would make the acquisition costly.

Icelandic retail chain Baugur, with a 22% share in the Big Food Group, as well as 3% in Somerfield, is to take itself private in a management buyout, after a fraud squad investigation dented its credibility with investors.
According to The Business, chief executive John Asgeir Johannesson has teamed up with Kaupthing, Iceland’s largest bank, and two private investors to buy out the company in a 306m euros (£220m) deal.
The paper said Johannesson would also meet up this week with chief executive of BFG, Bill Grimsey for talks about his strategy to revive the fortunes of the frozen food chain Iceland.

Topics