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Gloom for M&S is expected

The run of lacklustre figures at Marks & Spencer is set to continue when it reports first quarter trading in advance of its annual meeting on Tuesday.

M&S's general merchandise and clothing division saw underlying sales fall in the last financial year and consensus in the City points to a similar figure over the last few weeks .

Superdry owner SuperGroup will have to reassure the market about its plans when it reports its full-year results on Thursday.

The fashion retailer, which has 500 stores worldwide, said on May 22 its full-year profits would be at the lower end of its previously indicated £61.1 million to £65.2m range.

Halfords is expected to get the second year of its three-year turnaround plan off to a strong start when it reports its first quarter trading on Thursday.

The retailer beat expectations in May with annual pre-tax profits up 1.1 per cent to £72.8 million. Analysts at Investec forecast the "strong momentum" from the end of last year will continue into the first three months of 2014/15.

When Sainsbury's chief executive Justin King makes his last report at the firm's AGM in London on Wednesday those present will have much to thank him for.

Sainsbury's said under Mr King's 10-year reign, sales rose by a total of £9.5 billion, while profits were up from £254m in 2004-05 to £756m in 2012-13.

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