Any offer he makes would be in competition to the takeover bid made earlier this month by Peel Holdings.

Former Harrods owner Mohamed Al Fayed has revealed himself as the rival bidder for Pinewood Shepperton film studios.

Pinewood has already received a takeover offer from commercial property group Peel Holdings, its largest shareholder, valuing the company at $146m (£88m).

Fayed confirmed in a statement to the City that he is “considering making an all-cash offer for Pinewood”.

“There can be no certainty that an offer will be forthcoming,” the statement added.

Fayed, who sold Harrods last year for $2.5bn (£1.5bn), previously owned a studio in Egypt and funded the Oscar-winning 1981 film Chariots of Fire.

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