Philip Green, the retail entrepreneur, said today he may make another attempt to take over UK retailer Marks & Spencer if it received a bid from someone else.

Speaking through his special takeover vehicle, Revival Acquisitions, the retail billionaire said: "In response to continued speculation, Philip Green wishes to make clear that he is not considering a possible offer for M&S...however he reserve[s] the right to make an offer for M&S in the event that a third party announces a firm intention to make an offer for M&S."