Page last updated at 16:23 GMT, Thursday, 15 October 2009 17:23 UK

Takeover talk boosts Sainsbury's

Sainsbury's store

Sainsbury's shares closed 10% higher on Thursday amid speculation that Qatari investors are about to increase their stake in the supermarket chain.

Unconfirmed rumours suggested the Qatar Investment Authority (QIA), which currently owns a 26% stake in Sainsbury's, had made a takeover offer.

The state-backed wealth fund made a £10.5bn offer for the company in 2007.

Sainsbury's declined to comment on the market speculation. Its shares had earlier risen as much as 20%.

Sainsbury's closed 31.4 pence higher at 342.5p. Earlier it had risen as high as 373p.



Print Sponsor


SEE ALSO
Sainsbury's warns growth to slow
07 Oct 09 |  Business
Tesco 'well-placed for recovery'
06 Oct 09 |  Business
Store apology over cheese refusal
05 Oct 09 |  Beds/Bucks/Herts
Time called on Pimm's label row
01 Oct 09 |  Business
Morrisons sees surge in profits
10 Sep 09 |  Business
Wal-Mart profit and sales hold up
13 Aug 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific