South African businessman Christo Wiese appears to raise the idea of an expansion of his Brait investment vehicle into the UK supermarket sector

Speculation about a wave of takeovers in the supermarket sector has helped fuel a near 5% rise in the shares of Morrisons.

Its shares rose 7.5p, more than 4% higher, to 170p amid the takeover talk and alongside an upgrade on the shares from brokers at UBS from sell to neutral.

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Source: The Guardian Circular Economy RSS