Morrisons and Misys Make Headway As the Takeover Talk Swirls ; Market Report

Summary


SUPERMARKETS chain Wm Morrison was among the blue-chip leaders today amid reports that a private-equity consortium is considering a Pounds 6 billion bid.

Shares in Britain's fourth-biggest food retailer, which continues to struggle to integrate former rival Safeway, added 5p to 1991/2p after the group was linked with a bid from Texas Pacific, CVC and Permira.

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Extract


Morrisons and Misys Make Headway As the Takeover Talk Swirls ; Market Report

Despite England's disappointing exit from the World Cup on Saturday, the FTSE 100 was up 33.8 points at 5867.2, bolstered by a 52.5 rise on the Dow.

Shares in catering firm Compass topped the FTSE 100 i...

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