Made.com cuts forecasts and warns of job cuts amid cost of living crisis

Furniture retailer issues third profit warning, as Hotel Chocolat's share price tumbles as it predicts loss

Made.com has cut its revenue and profit forecasts and warned of job cuts as costs rise and customers reduce spending on big ticket" home improvement purchases because of the cost of living crisis.

Shares in the online furniture retailer, which have lost almost 90% of their value since the company floated at 200p last June, plunged 38% to 24p on Tuesday morning.