THE DAILY BRIEFING

Tesco is expected to report sales growth for the second quarter running for the first time in more than five years. Analysts predict the supermarket giant could reveal that sales are up 0.3pc in a trading update on Thursday.

It follows the sale of another non-core business, gardening centre chain Dobbies for £217m, after Tesco recently offloaded its Giraffe restaurants and television streaming service Blinkbox.

FALLING FOREVER

Fashion retailer Forever 21 is to further scale back in the UK, and downsize its last four stores.

The clothing store has appointed retail property agency Harper Dennis Hobbs to review the future of its shops in London’s Oxford Street, Liverpool, Birmingham, and the Bluewater shopping centre in Kent.

BREXIT SWEETENER

Tate & Lyle Sugars could lose out if voters opt to stay in the EU as it will be saddled with high tariffs.

The country’s biggest sugar refiner is hit with annual costs of £31m for buying cane sugar from countries outside Europe, such as Brazil and Thailand.

BOOKING BOOST

Software company Condeco has raised £20.9m to speed up its expansion across the US and Asia.

The firm, which counts Barclays, Reuters and Unilever among clients, provides software to manage bookings for workplace meeting rooms.

SPIN OFF

Italian public relations firm SEC is to join the junior stock exchange in a bid to raise £4m.

The Milan-based company, one of the largest in Italy, is set to float on the AIM market in mid-July in a bid to fund acquisitions.

It reported profits of £2.7m and revenues of £16.5m in 2015.