Tesco today announced that it has made an offer to acquire up to 30 former BP/ Safeway petrol stations in the UK from WM Morrison, subject to BP pre-emption rights on 12 petrol stations.

Supermarket group Wm Morrison, which last week received the go-ahead to bid for rival Safeway, may be forced to raise its offer to £3.5bn (€5bn), it was reported today.

BRITAIN’S top supermarket chain Tesco kicks off a results-laden week for retailers, while investors will chew over the next move for the FTSE, tuning into the Federal Reserve’s one-day meeting for guidance.