Bookmaker William Hill is considering a takeover bid for Rank, the leisure group that is in the throes of selling its Hard Rock cafe business for an estimated GBP 500m. William Hill joins Ladbroke and a number of American groups in running a slide rule over the company as analysts speculate that a bidding war could erupt in the coming weeks. Rank disclosed on Friday that US investment giant Fidelity had built up an 11 per cent holding in the company, just days before this week's trading update, which is expected to include news about progress to find a buyer for Hard Rock.
