Safeway boss to move

Safeway chairman David Webster is to move to InterContinentalHotels once the 10-month battle to take over the supermarket chain issettled.

Mr Webster, who is the last director still at the company who wasinvolved in its formation, expects to move to the hotel group onJanuary 1 as non-executive chairman, although that could change if heis not then free to leave Safeway.

Rival supermarket Morrison's is now the only candidate to buySafeway, after BhS owner Philip Green pulled out of the race andTesco, Asda and Sainbury's were barred.