Update expected on Sainsbury's bid to buy Home Retail Group

Next week the City will expect an update on Sainsbury's battle to buy Argos owner Home Retail Group, and will want to hear how online grocer Ocado plans to hold market share as US giant Amazon boosts its food division.

Supermarket Sainsbury's is expected to have improved sales when it updates the market on Tuesday ahead of the deadline for offers on Argos owner Home Retail Group.