South African businessman Christo Wiese appears to raise the idea of an expansion of his Brait investment vehicle into the UK supermarket sectorSpeculation approximately 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. Related: South African billionaire Christo Wiese prepares for plod to UK Continue reading...
Source: theguardian.com