Major retailers draw the attention next week before all eyes turn towards Chancellor Gordon Brown's Budget on Wednesday.

First up are high street big guns Tesco and Marks & Spencer, updating the market on trading details which could fuel fears that consumer spending is slowing down.

On Tuesday, Marks & Spencer is expected to reveal a slowing of sales growth after surprising the market in January with better-than-expected progress.

Stockbroker Gerrard is predicting mid-single digit like-for-like sales for the fourth quarter with full year growth of seven per cent.

M&S is not expected to give profit guidance for the current year and the company is likely to wait for its final results before updating guidance on major issues, such as its financial services loyalty card and any changes to the funding of its pension scheme.

Tesco will update the market on Tuesday with its final results statement. Britain's biggest grocer has already reported solid sales growth for the start of the second half and industry data suggests the trend has continued.

Gerrard is predicting full-year pre-tax profits of £1.4bn, compared with £1.2bn for the previous year.

Health club operator LA Fitness is expected to report a fall in interim profits on Tuesday.

The group, which has 59 clubs, has already warned of difficult trading conditions, a feeling which was later echoed by rival Holmes Place in a profits warning.

Analysts at HSBC have predicted discount clothing retailer Matalan will reveal full-year pre-tax profits of about £120m when it reports on Wednesday. The figure is an improvement on last year's £107.6m.

Wigan retailer JJB Sports is poised to report annual pre-tax profits fell to £90m last year after hitting £110.2m the year before.

But the focus on Tuesday is set to be on speculation about the future ownership of the company with chairman and largest shareholder Dave Whelan revealed in March by JJB to be "seriously considering" making an offer for the 60 per cent of the company which his family does not own.