Thursday,19 January 2023 17:15:14

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Thursday,19 January 2023 at 17:16

Hotel Chocolat is to make fewer Easter eggs this year as it opts for caution amid a squeeze on shoppers' budgets.

The chocolate retailer said it had decided not to produce as much stock for Easter as part of its plans to "play cautious".

Hotel Chocolat plans to sell out of products including Easter eggs and themed chocolates in the run-up to the bank holiday weekend, rather than having excess stock that it would typically discount after Easter.

UK and European markets retreated, tracking weaker global sentiment as investors gauge the economic outlook, a topic high on the agenda at the World Economic Forum in Davos this week.

U.S. stocks moved lower as investors dissected the latest batch of economic data and braced for more Fedspeak and the start of earnings season from corporate tech giants.

Oil futures rose slightly, recouping losses from earlier in the session as an expected rise in Chinese demand and further restrictions on Russian exports suggested market supply will remain tight.

Gold priced higher.

Markets

At the close

FTSE 100 7,747 (-1.07%)

FTSE 250 19,574 (-1.59%)

DAX 14,920 (-1.72%)

At 17:00

Dow Jones 33,012 (-0.85%)

S&P 500 3,889 (-1.01%)

NASDAQ 10,813 (-1.31%)

Fixed Income

UK 10-YR YIELD 3.281

Exchange Rates

GBP/USD 1.236

GBP/EUR 1.142

Commodities

Gold $1,922 +0.96%

Brent $86.45 +0.16%

Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.