Imperial Brands: Cigarette maker’s volumes dwindles despite rise in vaping Tobacco Tobacco giant Imperial Brands saw profit dwindle as the volume of products sold continued to decline, despite an uptick in vaping.
MPs to vote on Rishi Sunak’s bill to create ‘smokefree generation’ UK Politics MPs will vote on Rishi Sunak’s landmark bill to create a “smokefree generation” in the House of Commons later today.
Imperial Brands: Profits up a quarter as price rises and vaping offset smoking decline up in smoke Tobacco giant Imperial Brands’ profits were up 26.8 per cent for the year, as “strong pricing” for its products helped offset the continued decline in smoking. Stefan Bomhard, chief executive, said the “stronger, more sustainable” financial and operational outcomes can be attributed to a “new performance culture.” The brand behind Lambert & Butler, Winston and [...]
Vape firms warned Labour will ‘come down like tonne of bricks’ October 11, 2023 A Labour government will “come down like a tonne of bricks” on vaping firms marketing products to children under 18, Wes Streeting has said. The shadow health secretary accused the vape industry of seeking to “addict a generation” and suggested appealing flavours like “rainbow burst” were designed to attract kids. Delivering his speech at Labour [...]
Imperial Brands to deliver full-year guidance as it launches £1.1bn buy-back October 5, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Winston and Gauloises, has said it is on track to deliver its full-year guidance thanks to high prices of cigarettes and demand for tobacco alternatives. The cigarette company, which also makes Golden Virginia tobacco, said that strong pricing led by the rising costs helped offset historic [...]
‘Quit smoking’ message could be put inside cigarette packs August 14, 2023 ‘Quit smoking’ messages could be added to the inside of cigarette packs under draft proposals being considered by the government. The inserts would set out the health and financial benefits of giving up and signpost advice and support available to those trying to quit smoking, the Department of Health (DHSC) said. A consultation launched on [...]
Imperial Brands: Profit up on back of ‘next generation’ tobacco alternatives May 16, 2023 Cigarette maker Imperial Brands reported a 27 per cent spike in operating profit on last year, while its foray into vaping and e-cigarettes also proved lucrative. The London-listed firm said it made £1.53bn operating profit in the six months ended 31 March, with revenue for its ‘next generation products’ offering an alternative to tobacco up [...]
Imperial Brands: Investors brace to see if cigarette titan can light up vaping future May 14, 2023 Imperial Brands will be looking to convince investors its vaping and so-called ‘next generation products’ can light up profits in the long-term as it updates the City with its first half results on Tuesday.
Russia exit drags on Imperial Brands’ profits November 15, 2022 Tobacco giant Imperial Brands reported a sharp fall in profits for the year today following a £463m hit from its exit from Russia earlier in the year.
Imperial Brands plans £1bn share buyback to help investors cash in on growth October 6, 2022 Imperial Brands announced that it has launched a £1bn buyback programme to reward loyal investors, which have helped the firm climb towards the top of the FTSE 100. The cigarette giant, which makes brands like Rizla and JPS, said it would repurchase as much as 5.3 per cent of its stock in a year-long programme: [...]