The Commission will take into account the impact of any takeover on smaller stores, in addition to one-stop stores greater than 1,400 sq m. The Association of Convenience Stores welcomes the decision, saying: "This is not just about competition between four or five supermarkets"
n Local and national competition issues cannot be completely separated. "They are now joined at the hip," one retailer is reported as saying. Bad news for all
n The Commission's initial analysis of fascias suggests the market is already highly concentrated at both national and local levels ­ bad news for all those retailers circling Safeway
n But Morrisons cheers as Commission says its merger plan could be pro-competition
n Safeway is not a failing firm and might be able to prosper alone if other retailers prevented from bidding, says the Commission. Fantastic news for Philip Green
n Other remedies could include closely controlled divestment of stores ­ which could be a nightmare for the big three

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