BUSINESS LIVE: Apollo considers Morrisons bid

BUSINESS LIVE: Third private equity group considers Morrisons bid; Sainsbury’s to invest £50m; Quarter of finance staff want permanent home working


Investment giant Apollo Global Management has said it considering launching its own bid to buy Morrisons after the supermarket chain agreed a £6.3billion private equity takeover offer on Saturday. 

Sainsbury’s has said it will invest £50million into the price of its products in a move which will make dozens of popular items, including meat, dairy products and fresh produce, cheaper for its shoppers. 

One in four financial services workers would work from home permanently if they were given the choice and only 8 per cent would work in the office five days a week, according to a survey by the consultancy Accenture.  

Investment giant Apollo has said it considering launching its own bid to buy Morrisons