All eyes are on Sainsbury's this week as it prepares to report its interim results on Wednesday (15 November), amid rumours of bid interest for the supermarket chain.

Sainsbury's is expected to reveal a 59-64% increase in pre-tax profit to £188m-£193m up from £118m last year. It has reported seven consecutive quarters of growth and in a trading update last month said that like-for-like sales for the first-half were up 6.8%.

Shares in Sainsbury's hit a near eight-year high on Friday amid bid rumours for the supermarket.