News Column

Morrisons Shares Spike On Buyout Rumour

February 12, 2014

According to Bloomberg, private equity firms have been approached to gauge their interest in a buyout, which would be valued at more than 7bn.

The shares in Britain's number four supermarket group eased slightly after the initial surge.

Here is the latest share price for Morrisons.

But the buzz also boosted stock for the sector's leader Tesco and third largest group, Sainsbury's.

A report on Tuesday by market monitor Kantar Worldpanel said till receipts for Morrisons dropped 2.5% in the three months to February 2.

It said the sales drop, excluding fuel, was the biggest out of all the UK's main chains.

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Source: Sky News (UK)

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