The Qatari fund circling supermarket Sainsbury’s was today under pressure to increase its takeover offer after reportedly failing to win the support of a major shareholder.

Sainsbury’s suitor and Qatari royal family-backed investment vehicle Delta Two has been thrust into the limelight by its interest in snapping up the supermarket giant, but until now little has been known of the seemingly deep-pocketed fund.

The management team of a whisky distillers has pulled off Scotland biggest ever management buy-out.