Wednesday preview: HSBC, Sainsbury

It is another frantically busy day for company results on Wednesday, with Britain's second biggest company by market value, HSBC, keeping the banking results season ticking over while supermarket chain Sainsbury provides another opportunity to take the temperature of the UK high street.

It is another frantically busy day for company results on Wednesday, with Britain's second biggest company by market value, HSBC, keeping the banking results season ticking over while supermarket chain Sainsbury provides another opportunity to take the temperature of the UK high street.

Nomura Securities regards HSBC as an attractive long-term play, with significant opportunities to improve costs, but it is, however, cautious that it may be too early for improved operating trends to show through this year.

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