McCarthy out of Supercigs bid

Jim McCarthy, former chief executive of convenience store group T&S, has effectively ruled himself out of mounting a management buy-out bid for the Supercigs and Dillons chains.

The two CTN fascias were put on the market by Tesco, which acquired T&S last year. McCarthy left T&S earlier this month, after helping Tesco integrate it, but he plans a return to retail soon.