Sainsbury takeover talks 'stall' amid credit squeeze

Takeover talks between supermarket Sainsbury’s and its Qatari-backed suitor are said to have stalled as Middle Eastern investment fund Delta Two struggles to secure finance, a report suggested today.

Qatari royal family-backed Delta Two, which is preparing a possible £10.6 billion bid for the retail giant, is thought to have run up against financing troubles amid the global credit squeeze.