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Rolling live coverage of business, economics and financial markets as group led by Fortress increases bid following shareholder criticism

As we approach lunchtime in London there isn’t much moving out there.

The FTSE 100 is very flat indeed – the index has moved up by less than half a point – a lesser-spotted 0% move.

Morrisons shares have risen by 2.8% after the latest bid from the Fortress-led private equity consortium.

You can see the jump after it was announced in the below graph (although there must have been an error with the feed during that spike downwards).

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