Wednesday preview: Retailers slug it out

Half-year results from retail giant Tesco are probably the main event of the week on the corporate agenda, but in Panmure Gordon's view, the figures won't mean much in the grand scheme of things.

Half-year results from retail giant Tesco are probably the main event of the week on the corporate agenda, but in Panmure Gordon's view, the figures won't mean much in the grand scheme of things.

"We don't regard the actual numbers as being that interesting. What we are looking for is progress in the UK, no major adjustments to forecasts and more detail on how Tesco envisage the industry outlook now that the space race is over," the broker said.

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