Green ponders M&S offer

PHILIP GREEN is still undecided about whether to pursue an offer for retailer Marks & Spencer, a source close to the retail tycoon says, downplaying newspaper reports that he is set to raise his offer.

“He has not decided, he is having a think but there has been no decision,” the source told Reuters yesterday.

The Observer said Mr Green was ready to raise his bid approach for the country’s top clothing retailer by as much as £1 billion after M&S rejected his multi-billion-pound proposal.