DFS warns over profits amid election and Brexit uncertainty

Sofa retailer’s shares down 20% after it forecasts fall in demand, blaming consumer spending squeezeA surprise profit warning from sofa chain DFS has sent shockwaves through the high street, as concerns grow that Britons’ spending power is being squeezed by higher living costs. The chief executive of DFS, Ian Filby, blamed a sharp fall in orders in recent weeks on the upheaval created by the general election as well as the general air of uncertainty hanging over the economy. This bac