All eyes are on Marks & Spencer this week as the retailer unveils its annual results tomorrow (Tuesday).

The food to clothing retailer is expected to report a pre-tax profit of around £1bn.

However, reports suggest its staff will be paid poorer bonuses this year because the group has missed crucial financial targets.

In January, the retailer reported a 2.2% fall in like-for-like sales for the 13 weeks to 29 December and CEO Sir Stuart Rose warned trading conditions would remain tough throughout 2008.

M&S is also expected to reveal that it will sell branded products in its food stores for the first time.