The prospect of a £1bn (€1.5bn) bid for British supermarket Somerfield was kept alive today by the last remaining bidder in the long-running takeover saga.

Two groups vying for control of UK supermarket chain Somerfield have overcome a key hurdle as they prepare bids worth £1bn (€1.46bn) plus, it was reported today.

ITV Digital’s advertising symbol Monkey was today at the centre of a legal tug-of-war.