Results-laden week for retailers

BRITAIN’S top supermarket chain Tesco kicks off a results-laden week for retailers, while investors will chew over the next move for the FTSE, tuning into the Federal Reserve’s one-day meeting for guidance.

First-half results are due from Tesco tomorrow, Kesa Electricals and the owner of B&Q DIY chain Kingfisher on Wednesday. Thursday’s first-half results are from clothes retailer Next and supermarket group WM Morrison.

After a scorching summer, investors are expecting blistering sales from the retailers as consumers stocked up on drinks, fresh foods and barbecues.