Imperial Tobacco growth brands outperform the market May 7, 2014 Imperial Tobacco has reported a profit before tax of £648m for the six months to 31 March, down from the £830m seen over the same period the previous year. The company's revenue suffered a five per cent decline to £12.7bn, with adjusted earnings per share edging down by one per cent to 89.6p. However, there [...]
Imperial moves iconic French brands to Spain April 15, 2014 QUINTESSENTIAL French cigarette brands Gauloises and Gitanes will no longer be made in France as part of Imperial Tobacco’s dramatic cost cutting measures that will send production of the brands to Spain. The company blamed tough economic conditions, increased regulation and taxes, and growth in illicit tobacco trade for the closures. The measures, which will [...]
Imperial Tobacco to shut factories in UK and France amid falling sales and regulation April 15, 2014 Imperial Tobacco has announced this afternoon that it’s shutting factories in England and France, resulting in around 900 job losses. Waning sales in Europe, increased regulation and growth in illicit trade have hit the maker of Gauloises and Davidoff, which says its Nottingham and Nantes factories are now utilising less than half their manufacturing capacity. Since [...]
Imperial’s chair to step down as earnings grow November 5, 2013 IMPERIAL Tobacco yesterday announced its chairman Iain Napier will step down early next year as it reported strong earnings growth during the year. Napier said he is “confident that I am leaving a board that is well equipped to provide the necessary leadership and direction”. Napier will be stepping down at Imperial Tobacco’s annual general [...]
Imperial to replace long standing finance chief September 12, 2013 IMPERIAL Tobacco has appointed the former vice chairman of KPMG as its new financial chief. Oliver Tant will step into the role on 5 November working alongside his predecessor, Bob Dyrbus, until he steps down on 31 December. Chairman of Imperial Tobacco Iain Napier said on Tant’s appointment, “He joins us with a proven track [...]
Imperial smokes out a strong profit November 2, 2005 Imperial Tobacco posted an 11 per cent rise in pre-tax profit yesterday on the back of strong sales in its core British and German markets. The Bristol-based company, whose brands include Lambert & Butler and Richmond cigarettes, saw profits come in at the top end of analyst expectations at £1.1bn. Sales increased 4 per cent [...]