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Guardian | Lord Sainsbury expected to quit DTI |
 | | There is a growing expectation that Lord Sainsbury, the Labour peer and patriarch of the supermarket group, is preparing to quit his controversial position as science and innovation minister at the next general election in order to put more of his time into trying to rebuild the troubled family business. |
 | | Lord Sainsbury's frustrations, stemming from the fact that his direct 13% shareholding remains locked up in a blind trust, could also encourage outsiders to launch a takeover bid for the chain, which is facing a fresh competitive squeeze after Morrisons' recent acquisition of rival Safeway. |
 | | Lord Sainsbury's chairmanship of the company was not a runaway success and a new management regime has just been put in place, with Sir Peter Davies moving up to become chairman on March 29 and Justin King, the former Marks and Spencer head of foods, replacing Sir Peter as chief executive. |
| www.guardian.co.uk /print/0,3858,4915293-111276,00.html (596 words) |
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