The news comes after the Office of Fair Trading concluded that any bids by Asda, Sainsbury, Tesco and ‘may be expected to result in a substantial lessening of competition’.
Hewitt also said that ‘there are reasonable grounds for believing that there will be the same outcome in the case of Morrison’.
One potential bid from Trackdean Investments, run by BHS owner Philip Green, has been spared the referral after it was decided that any bid would not harm competition.
The Competition Commission is expected to make its report on the ongoing saga by 12 August.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements