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Mixed fortunes for UK retailers

Morrisons will deliver its full-year results in a big week for the retail sector, with figures from French Connection and Argos owner Home Retail Group also in the spotlight.

While Morrisons' fresh meat sales have risen in the wake of the horsemeat scandal, it has suffered on other fronts after losing market share to larger rivals.

Investec are pencilling in underlying pre-tax earnings of £888 million, down from £939m the previous year.

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