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 [...]
Tobacco giant Imperial Brands hires new finance chief February 17, 2021 Imperial Brands has appointed a new finance chief, with the current CFO set to step down after seven years with the tobacco firm. The company said this morning that Lukas Paravicini, currently chief financial officer of agricultural commodities group ED&F Man Holdings, will join the board from 5 August or earlier. Paravicini – who will [...]
Imperial Brands revenue rises as demand for tobacco picks up November 17, 2020 Imperial Brands reported a rise in annual sales after demand for tobacco picked back up amid the pandemic. The maker of Gauloises and JPS reported revenue for the year to 30 September rose from £31.59bn to £32.56bn. Imperial Brands made a pretax profit of £2.17bn, up from £1.69bn in the previous year, which included £90m [...]
Weekly outlook, 16-20 November: will FTSE rally continue? November 15, 2020 After the best week for the FTSE 100 since April, investors will be keen to see if markets can keep the rally going, with a slew of heavyweights set to report. Last Monday Pfizer’s announcement that its vaccine was 90 per cent effective in treating the coronavirus disease sent stocks soaring. Traders cheered the news, [...]
Imperial Brands revenue flat as pandemic drives smoking pick up October 8, 2020 Tobacco giant Imperial Brands said that it expected full year revenue to be broadly flat, with the pandemic driving up demand for cigarettes. In a trading update, the FTSE 100 firm said the increase in demand had offset weaker duty free sales, which fell due to the restrictions on international travel. The announcement sent shares [...]
Up in smoke: Imperial Brands profit shrinks as regulators knock vaping November 5, 2019 Imperial Brands blamed “tough trading” in its vaping division after full-year profits slipped and shareholders saw earnings per share fall by a quarter. Read more: BAT to axe 2,300 jobs as it focuses on vaping The figures Operating profit fell 8.7 per cent to £2.2bn in the 12 months to the end of September. That [...]
US vaping deaths hit growth at Imperial Brands September 26, 2019 Imperial Brands warned this morning that it will fall short of expected growth in its vaping business after several deaths in the US were linked to e-cigarettes. The company said that events in recent weeks has caused a “marked slowdown” in growth of its vaping sector. There is no suggestion Imperial’s products caused the deaths. [...]
Up in smoke: Tobacco firms feel burn of disruption July 22, 2019 | City Talk Disruption, whether as a result of new technology, stricter regulations or changing consumer habits, is affecting all sectors of the global economy, as we discussed here. It’s the new normal and the question is no longer which areas are affected; the question now is to what extent they are affected. Read more: Stranger Things vs Mickey Mouse: How the media [...]
Vodafone dividend cut: which UK shares might be next? May 28, 2019 | City Talk By Tom Bailey from interactive investor. Vodafone's cut might be a canary in the coalmine for FTSE 100 shares. Over the past year the market has increasingly cooled on Vodafone (LSE:VOD). The company has a long list of problems, including the high cost of 5G investment, being squeezed by competition on the continent and high [...]