M&S shares rise 3% after report hedge fund looking at buying retailer              

Last year, Apollo missed out on buying Asda and this year, it considered joining the bid battle for Morrisons

Shares in Marks & Spencer rose 3% after a report said US investment firm Apollo Global Management has been "running the rule" over the clothing and food retailer.

The Sunday Times report cited "city sources" as saying Apollo considered M&S a bargain, with the group's shares unreasonably weighed down by the impact of the Covid-19 pandemic and the market failing to attribute enough value to M&S's 50% stake in Ocado's retail business.