The Qatar-backed fund, Delta (Two), which has become the biggest shareholder in Sainsbury's is understood to have reassured the group’s board it is not planning a bid for the retailer. Financial Times

It said it is supportive of the management and is not thought to have demanded seats on the board.

Delta (Two), a property investment vehicle headed by the foreign minister of Qatar, confirmed yesterday that it had bought 17.4% of Sainsbury, holding the shares through a derivative contract.