Imperial Brands: Profit up on back of ‘next generation’ tobacco alternatives Not up in smoke 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 Up in smoke? 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 Imperial brands 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: [...]
Rizla maker Imperial Brands struggles with revenue growth amid Russian exit and tobacco alternatives May 17, 2022 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 April 14, 2022 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 April 6, 2022 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 [...]