US rivals remain keen, but with profits under pressure, some wonder if the supermarket is really worth a £7bn offer
Morrisons’ rollercoaster ride continues this week as the Bradford-based supermarket updates the market, and its suitors, on how business is doing.
A bid battle for the Yorkshire grocer between two US-based private equity firms has put rockets under Morrisons’ share price, catapulting it into the FTSE 100 as part of the reshuffle this week for a last blast in the spotlight before it is – probably –bought and delisted.