Sainsbury's facing second takeover battle in six months

Sainsbury’s is facing its second takeover battle in less than six months after it was disclosed today that a Middle Eastern investment fund was setting its sights on the supermarket giant.

It is understood that Delta Two, an investment vehicle backed by the Qatari royal family, has tabled an offer for Sainsbury’s, reportedly valuing the firm at £10.3bn (€14bn).