With recent reports that Marks and Spencer is looking to make a dramatic return to Europe, which it exited in 2001, all eyes are on the chief executive Marc Bolland, who has been in the top job for just over six months, to find out what he will reveal in his strategy presentation when the company posts its half-year results on Tuesday.

In June last year, the respected analyst Claire Enders went before the House of Commons Culture, Media and Sport Committee and gave it the stark warning that half of the UK's regional newspapers would be closed down within five years. These were not the words of the kind of digital evangelist only too happy to see the end of "dead trees media", but the considered opinion of a leading industry commentator who asserted that bloggers were no substitute for "honed and trained" professional local journalism.

The outlook will be among the key talking points on Thursday when Diageo, the drinks giant whose roster of brands includes Baileys liqueur, Smirnoff vodka and Johnnie Walker whisky, issues its full-year figures.

That Susannah Herbert is leaving The Sunday Times, where she edits the News Review is not surprising; when Eleanor Mills, her predecessor, returned from an unhappy stint editing the Saturday Times, rumours of creative tension between them were rife.

Outlook Unite is understandably delighted at its success in having the High Court ban on its strike at British Airways overturned. But the trade union movement should not get too carried away by this victory. The fact that employers are increasingly willing to turn to the courts during a dispute of this sort marks a step change in Britain's industrial relations climate.

British Land strengthened as the wider market tried but failed to recover from Friday's losses, with bargain hunters sensing a buying opportunity ahead of the FTSE 100-listed property group's full-year results.

Johnston Press yesterday blamed the "general election effect" for advertising revenues failing to improve in April, but the group is expected to return to growth in the summer.

Johnston Press and Trinity Mirror have been named among the successful bidders to provide regional news for ITV, but ITN lost out.

When it comes to facing up to mortality, Paul Dacre would rather stick his fingers in his ears and sing "la, la, la". So it's just as well he was on holiday last week, when the Daily Mail's top bods turned out to bid farewell to star columnist Keith Waterhouse at a memorial service at which Lord Rothermere gave a reading. The Daily Telegraph assiduously listed all the Fleet Street grandees present, including, bizarrely, one Keith Waterhouse. The Telegraph's subbing is now outsourced to Australia, where the Waterhouse liquid lunch clearly lives on.

Media Staff at Johnston Press are braced for further job cuts after the regional publisher's profits fell by half in the 53 weeks to 2 January.

Analysts expect to hear of solid profits growth when the supermarket group Morrisons posts its full-year results this week. UBS is eyeing £760m in pre-tax profits, up by about 18 per cent, while Numis and Jefferies are marginally behind, forecasting a rise of £759m and £757m, respectively. "Morrisons' recent outperformance better reflects its investment attractions. These should be underpinned by a strong set of finals and the confirmation of margin expansion potential," said Jefferies, which expects the chain's full-year earnings before interest and tax to grow by 21 per cent.