Rizla maker Imperial Brands struggles with revenue growth amid Russian exit and tobacco alternatives tobacco Rizla maker Imperial Brands saw revenue drop 1.3 per cent to £15.3bn, as the company continues to pivot towards tobacco alternatives across the world.
Think tank warns vape bans cause more harm than good VAPE NATION Countries have been urged to avoid excessive regulation on e-cigarettes and vapes, with a new report suggesting that this could pose an even bigger risk to public health in the long run. In a paper published today, the Institute of Economic Affairs (IEA) argued that reduced-risk nicotine products like heated tobacco have facilitated steep declines [...]
Imperial Brands makes ‘good progress’ despite weak European tobacco performance IMPERIAL BRANDS Rizla maker Imperial Brands said it had delivered "good progress" in its strategic objectives this morning despite a weaker tobacco performance in Europe.
Smoking them out: Cigarette giant Imperial Brands halts Russian operations March 9, 2022 Maker of JPS and Winston cigarettes Imperial Brands has suspended all operations in Russia, including production at its factory in Volgograd, as well as sales and marketing activity. It comes as countless Western brands boycott Russia following its invasion of Ukraine, with the likes of Apple and Netflix recently pulling the plug. “This decision comes amid [...]
Imperial Brands announces strong results for ‘building foundations for future growth’ November 16, 2021 Tobacco giant Imperial Brands announces "important progress and significant change" with full year results.
Imperial Brands on track after solid first half May 18, 2021 Tobacco giant Imperial Brands today said that it was on track to hit its full year targets after it increased its revenue in the first half of the year. The FTSE 100 firm said that revenue was up 3.5 per cent at the half year at $15.6bn, driven by a 3.2 per cent in tobacco [...]
Secretive billionaire Kenneth Dart builds £5bn stakes in Big Tobacco April 29, 2021 A reclusive billionaire known for so-called vulture fund investments has built stakes worth nearly £5bn in two of the world’s largest tobacco companies. Cayman Islands-based Kenneth Dart, who is heir to a US foam cups empire, has built a seven per cent stake in British American Tobacco and snapped up three per cent of rival [...]
Tobacco stocks in the red on UK’s £40m cigarette butt cleaning plan March 30, 2021 Tobacco stocks slipped into the red today after the government unveiled plans to slap manufacturers with the £40m annual cost of cleaning up cigarette butts. In a statement this morning junior environment minister Rebecca Pow said the UK was looking at how tobacco firms could be “held fully accountable for the unsightly scourge of litter [...]
Imperial Brands holds firm as Covid changes tobacco consumer patterns March 30, 2021 British tobacco giant Imperial Brands today said the pandemic has impacted consumer buying patterns, but the firm remains on track for a strong start to the year. The company, presenting its pre-close trading update, reported a continuation of growth in the UK, US and Spain which offset declines in Germany and Australia. Imperial Brands said [...]
Investors stub out Imperial CEO’s bonus February 18, 2021 Imperial Brands today said that it would cut its new boss’ bonus by 10 per cent a year after a shareholder revolt. Earlier this month around 40 per cent of shareholders voted against Stefan Bomhard’s pay at an annual general meeting. Now the company has said that Bomhard has agreed with the tobacco giant’s remuneration [...]