Supermarket groups plan to derail BhS bid

SUPERMARKET groups Asda and Morrisons could team up to try to derail a rival bid for Safeway, it was reported yesterday.

US-owned Asda is ready to help Bradford-based Morrisons, which made a £2.9 billion bid for Safeway last January, if millionaire BhS boss Philip Green makes a counter-bid next month, according to a British newspaper.

Green has already got the go-ahead from the government to bid for Safeway, as he does not own any supermarkets.