Current trading figures are encouraging, and for those with a long-term view it may be worth buying at this price, then ...

A leading UK furniture retailer has warned of rising costs due to the recent Budget and predicted sluggish demand for its sofas as 2025 approaches.

The furniture group said it expects to see an increase in costs this year, in part due to business tax rises announced in the October Budget.

DFS has reported rising profits, but warned of an increase in costs due to the Budget and said demand for its sofas is set to be sluggish going into 2025.

A personalised morning news round-up with UK Today - sign up here. Part of the reason for the rise in profit was that DFS cut its costs during the period in a bid to offset cost inflation.