In response to recent speculation, discount fashion retailer The Peacock Group Plc today confirmed it has received a bid approach at 340.5 pence per share in cash.  

The company stressed the "indicative approach" "may or may not lead to an offer being made."

It said "discussions remain at a preliminary stage and that the proposals being considered are subject to a number of material pre-conditions and there is no certainty that any offer will be made for the company."

On Saturday the Financial Times reported that Goldman Sachs and a group of six hedge funds have entered into exclusive negotiations to take Peacock private in a deal worth around £400 million.