Marks & Spencer has ruled out launching a bid for Britain's third largest supermarket chain Sainsbury at this stage. M&S, Britain's largest clothing retailer, said in response to recent speculation that it 'has been considering its position in relation to a possible combination with Sainsbury', but it has decided to hold off for now.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
