00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your business headlines for this morning.
00:11Investors will be hoping for some good news from the furniture giant, DFS, after Chain
00:15warned its profits are being squeezed by shipping delays and record low levels of demand among
00:20sofa buyers. The business will report its full year financial results on Wednesday.
00:27It comes after Chain has lowered its profit expectations twice this year as economic conditions
00:31turn out to be tougher than expected. In its last update in June, DFS said it was anticipating
00:37underlying pre-tax profits for the year's end of June to be up to £12m lower than the
00:43prior year, when it generated just over £30m.
00:48My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
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