Imperial Brands shows signs of improvement in vape and e-cig performance
There are lingering concerns that the company missed the e-cig train and will struggle to compete with some of the more established vape companies especially in North America
Company
LON:IMB
Imperial Brands is a leading international tobacco company, which manufactures, markets and sells a comprehensive range of cigarettes, tobaccos, rolling papers, filter tubes and cigars.
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There are lingering concerns that the company missed the e-cig train and will struggle to compete with some of the more established vape companies especially in North America
Imperial said it is talking to a Russian third party about "an orderly transfer" of its assets there
Company employs 1,000 people in Russia, with war-hit Ukraine and Russia accounting for about 2% of total revenue
"We have changed the way we work, placing the consumer at the centre of our decision making," said CEO Stefan Bomhard. Makes you wonder how much it cared about its consumers in the past
Other companies shceduled to report results are Revolution Bars, Homeserve and Premier Foods
Group net revenue this year is expected to grow by around 1%, driven by continued strong pricing in tobacco
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OIl prices have risen in the wake of the OPEC+ meeting
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Tobacco giant Imperial Brands plc and distributor Electrocomponents will also appear on the corporate calendar, alongside some major macroeconomic releases
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The FTSE 100 ended Wednesday up 12 points, 0.2%, at 7,185
New products (NGP) – such as vaping and heated tobacco - also started to recover
US might reduce the nicotine content in cigarettes to non-addictive levels
In tobacco, market share gains in the gains in the US, UK and Spain offset declines in Germany and Australia.
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Britain's blue-chip benchmark finished the day nearly 40 points ahead, or 0.53%, at 6,772
Builders and building materials
Other expected updates include those from 3i Group, Animalcare, Central Asia Metals EKF Diagnostics, S&U and Silence Therapeutics
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Monday next week will also see another easing of the UK's lockdown restrictions, allowing groups of six people or two households to meet outdoors
Imperial announced a full-year payment of 137.7p, down a third on a year ago
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The UK's premier share index finished down nearly 56 points, or 0.87%, at 6,365
Results from Experian, Homeserve, Big Yellow and Gear4music are also in the diary
Trading for next-generation products has continued to be disappointing, with revenues expected to be around 30% lower than last year
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Imperial and CMC are among the notable names in Thursday's diary.