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 [...]
Nine UK shares that tick all of Warren Buffett’s boxes March 26, 2019 | City Talk By Kyle Caldwell from interactive investor. Looking for equity-based ISA inspiration? We run through the investment checklist of the Berkshire Hathaway chairman to identify UK shares that pass his stockpicking rules. American investor Warren Buffett is to the world of investment what Lionel Messi is to football: the greatest of his generation in the profession [...]
Dogs of the Footsie 2019: 10 shares yielding 6 per cent plus March 23, 2019 | City Talk By David Budworth from interactive investor. Here are the 10 high yielders that make it into this year's Dogs of the Footsie investment strategy. It's time to reset our Dogs of the Footsie portfolio, selecting the 10 highest-yielding shares of the FTSE 100 index. Around half of 2018's portfolio is carried over on to this [...]
Imperial Tobacco expects vaping to be profitable by next year as it prepares to launch two new e-cigarettes September 25, 2018 Imperial Brands is set to launch a tobacco-infused e-cigarette in the first half of 2019 in an attempt to reach new customers as it predicts its vaping segment will be profitable by next year. The company will make further inroads into the vaping sector by launching Nixx to add to its signature e-cigarette Myblu, [...]
Imperial Tobacco share price rises after $7.1bn purchase of Reynolds cigarette brands wins regulatory approval May 27, 2015 Imperial Tobacco's takeover of a number of cigarette and ecigarette brands from Reynolds American is set to go ahead after winning regulatory approval from the Federal Trade Commission (FTC). The British tobacco company entered into a purchase agreement for the brands as far back as July last year following Reynolds' $27bn (£17.5bn) takeover of Lorillard. [...]
Ireland passes plain packaging of tobacco law as UK anticipates legal battle March 3, 2015 The Republic of Ireland has become the first country in the EU to pass a law requiring the plain packaging of cigarettes. The bill, which must be signed by the country's President, makes Ireland only the second country in the world to remove branding from tobacco products. The packaging will be dark and plastered with [...]
Imperial Tobacco hit by global decline in cigarette sales November 4, 2014 Imperial Tobacco yesterday reported a drop in its revenues for the year ending 30 September, with the company hurt by its attempt to reduce its debt pile along with falling sales in volatile markets. However, the results were broadly on par with City expectations, and investors reacted positively. Shares closed more than four per cent [...]
Imperial Tobacco share price rises as European trade improves August 19, 2014 FTSE 100-listed tobacco giant Imperial Tobacco saw its shares jump 2.34 per cent yesterday after its interim management statement said it expected modest profit growth this year due to improving European trading. The Bristol-based maker of Rizla and Gauloises also said it was on track to complete the acquisition of a number of US cigarette [...]