Morrisons poised to join FTSE elite after share surge

SUPERMARKET chain Morrisons is set to enter the FTSE-100 after a planned takeover by US investors pushed up its value by more than 60 per cent to £7billion. Index manager FTSE Russell said the final decision would be made at the end of the month. But the firm’s stay among the blue chip elite may be short-lived as bidder Clayton, Dubilier & Rice looks to take it private.