■ FASHIONABLE

furniture seller Made tumbled 10.2pc, or 1.32p, to 11.68p as consumers are cutting back on nonessential spending.

On July 19 it issued a third profit warning after floating just over a year ago. Analysts at Morgan Stanley slashed the price target from 61p to 25p, saying Made was a good bellwether for recession.

‘If you want a clear sign recession could be on its way, you only need to look at the state of Made,’ said Danni Hewson, analyst at AJ Bell.