All eyes are on Morrisons this week as the supermarket group prepares to release its half-year results on Thursday.

Analysts are finding it hard to predict what Morrisons could report, after the group said earlier this year that profits would be anywhere between £50m and £150m - well below analyst’s initial forecasts of £225m to £275m.

However, all analysts are expecting a first-half loss. One said: “Classic theory would suggest that this is when they get all the bad news out there."