Hotel Chocolat - growth to be whipped up?

The shares of this iconic retailer and chocolatier might look frothy to some after the latest update news.

Liberum Capital considers that this group recently delivered FY20 results ahead of its expectations, with profits coming in at £2.4m pre-tax against the LC estimate of just £1.8m.

It sees exciting opportunities for future growth and rates the shares as a Buy looking for 400p.