Why shares in sofa seller DFS Furniture are springing back
Shares in DFS Furniture (DFS) have rallied 16% year-to-date to 163p, taking one-year gains to almost 50%, following an unexpected profit upgrade from the sofa seller and hopes the Bank of England's interest rate cuts will boost big-ticket spending. Green shoots of recovery are emerging at DFS, the UK's living-room and upholstered furniture leader, which in March revealed adjusted pre-tax...