Supermarket giant Tesco is set to announce more disappointing sales figures next week, while maiden results are due from online retailer AO World.
Tesco boss Philip Clarke will come under renewed pressure on Wednesday when Britain's biggest supermarket is expected to post a worsening decline in sales.
Analysts expect like-for-like sales will be down 4.1% in the first quarter of the financial year, representing Tesco's weakest performance in years. It will be an acceleration on the 2.9% slide the retailer posted in the fourth quarter of the 2013/14 financial year.
Annual results published in April showed underlying pre-tax profits fell 6.9% to £3.05 billion for the year to February 22, the second decline in a row. Analysts expect a further deterioration for the current year.
Online appliances retailer AO World reports its maiden set of annual results as a listed company on Thursday following a period in which its share price has fallen steeply since it floated on the stock market in February.
AO World appears to have been hit by the dwindling investor appetite for newly-listed firms which recently saw over-50s focused holidays-to-insurance firm Saga come to the market at the bottom of its expected price range, while fashion retailer FatFace shelved float plans.
Shares in Bolton-based AO World were initially offered at 285p but have since fallen by as much as a quarter.
The site sells appliances such as washing machines, tumble dryers, dishwashers, fridges and cookers.
It has recently begun selling televisions in a bid to take advantage of this year's World Cup.
Investors will look to housebuilder Bellway to capitalise on the strong start it made in the first half of the year when it posts its third quarter trading statement on Thursday. At its interim results for the six months to January 31, it produced a 40% rise in sales to £701.1 million and a record first-half operating profit up 69.6% to £109.2m.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article