Matalan shares were up 7% as the old rumours of a buyout of the discount clothing chain re-emerged.
Wal-Mart’s name was again touted as a likely bidder.
Dealers suggested that president of Wal-Mart-owned Asda, Andy Bond, is more likely to go after the Lancashire-based chain than his predecessor Tony DeNunzio because of his strong links to the development of the George clothing range.