Analyst Views: What did you make of imperial tobacco’s positive trading results?

Steve Dinneen
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Imperial Tobacco chief executive Gareth Davis has reasons to be cheerful as his firm began the financial year with positive trading results, in line with expectations. Davis will retire as group chief in May to be replaced by his number two Alice Cooper. Imperial is the number two cigarette maker in Europe after Philip Morris International. It is the number one cigarette maker in the UK.