Sainsbury lifted on speculation

Shares in J Sainsbury, the UK supermarket, rose on speculation that Delta Two could return to making a takeover bid. Rumours suggest Delta Two, a Qatari investment vehicle, is preparing to increase its shareholding above 25% before a potential takeover approach. Delta’s last attempt to acquire Sainsbury fell apart at the end of last year. Sainsbury has a market capitalisation of £6.3bn (US$10bn).