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 [...]
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 [...]