Shares in Cadbury Schweppes slipped 2.2% to finish on 515.5p yesterday after the confectionery giant warned at its annual general meeting that it had suffered a slow start to the year.

John Sunderland, chairman of Cadbury Schweppes, said: From a trading perspective, we had a relatively slow start in the first quarter of 2006, particularly in Europe.”

He added: “Input costs remain challenging, particularly given the further rise in oil prices.”