Sanderson Design has warned that its profits will slump by more than half this year after hopes of a pick-up in trading were dashed by a “challenging consumer and industry environment.” The luxury furnishing supplier said underlying pre-tax profits for the 12 months to end January will be in the region of £4 million to £4.

London’s FTSE 100 hit a record high Friday, as international exposure in the equity index shielded it from much of the turmoil that has weakened the pound, gilts and domestic stocks.

The FTSE 100 seems to show investors aren’t as worried about things like the economy, inflation, or interest rates as they might be saying at the moment. The post The FTSE 100 hits new record highs — what do I do now?

The new all-time closing high came on the back of a weaker pound, which was trading at $1.22 against the dollar, and expectations of further interest rate cuts.

The UK’s FTSE 100 has reached its highest ever level following a rally for the index helped by miners and housebuilders amid rising hopes of further interest rate cuts. London’s top index surpassed the previous record of 8,