** Citi says London-listed DFS Furniture's DFSD.L interim result suggests UK market recovery on the back of interest rate cuts and housing transaction growth
** DFS expects to beat annual profit expectations; trading through 10 weeks of the second half of FY25 has remained strong
** Aussie home furnishing retailer Nick Scali NCK.AX entered UK market in April 2024 after acquiring local retailer Fabb Furniture
** Citi also sees positive medium-term market tailwinds for Nick Scali's UK business
** DFS interim result supports our forecast for sales per store uplift of +41% in Nick Scali's UK stores between FY25 and FY28 - Citi
** Brokerage maintains Nick Scali's "buy" rating and a PT of A$20.64
** Nick Scali up 2.1% so far this year as of last close, outperforming a 5.4% decline on the ASX All Ordinaries index .AORD
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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