Sir Tom sets sights on a £1bn plus deal

SIR TOM HUNTER has admitted he is "actively looking" for a major retail or property investment opportunity and would be keen to pull off a deal soon.

The retail tycoon, Scotland's richest man, said that any deal could be worth more than £1 billion.

Sir Tom said: "The desire is there to do a big one relatively soon, if the deal is right."

If a deal worth more than £1bn happened, it would be a departure from the previous focus on small investments.

"We are only focused on large scale investments now," said a spokesman for Sir Tom.