Marks & Spencer is set to report a rise in pre-tax profits of up to 20% for the past six months.

The high street giant unveils its first-half results tomorrow (Tuesday). All eyes will be on Marc Bolland as he sets out his vision for the chain’s future strategy.

As reported last week, the former Morrisons boss is expected to announce the retailer’s return to continental Europe, which M&S exited in 2001. Expansion online will also be on the agenda. M&S currently sells clothes via its website but has yet to enter the online grocery market.

Sainsbury’s is tipped to report a 9% hike in first-half profits when its latest results are issued on Wednesday.

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