Imperial Brands delays cigars business sale by a month
The tobacco company agreed the €1.2bn (£1.1bn) sale in April to cut debt
Company
Imperial Brands PLC
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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Imperial Brands gets boost as JPMorgan Cazenove upgrades to ‘overweight’ from ‘neutral’
The upgrade came as the US bank nudged down its target price for the firm to 1,650p from 1,700p, albeit with the shares trading currently at 1,298p
Imperial Brands chief financial officer to retire
Oliver Tant will remain in his post until a suitable successor is found
Imperial Brands falls as dividend cut by a third to speed debt reduction
The tobacco company said the pace of debt reduction “has not been as fast as we would have liked in recent years”
Imperial Brands' dividend to provide solace on Tuesday, Greencore the sandwiches
Tuesday will also see the release of UK unemployment data
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M&S, Imperial Brands and Burberry to deliver figures in coming week
The coming week will also bring results and updates from Pets At Home, credit rating agency Experian and housebuilder Vistry
Imperial Brands rolls up and sells cigar business for £1.1bn
The Premium Cigar unit is made up of US-based Tabacalera and a handful of 50%-owned companies exporting hand-made Cuban cigars
Imperial Brands warns of “significantly lower” demand for US vapour products
The tobacco giant said “regulatory uncertainty and adverse news flow” were affecting demand for e-cigarettes in the US and Europe
Imperial Brands passes CEO crown to Inchcape's Stefan Bomhard
Bomhard has been in charge of car dealership group Inchcape for five years
Analyst sees "material" re-rating opportunity in big tobacco
“The market has taken the view that the model is breaking down or soon to break down due to perceptions of worsening cigarette volumes, reduced risk disruption and regulatory headwinds among others”
Imperial Brands gets upgrade from RBC but 'still needs dividend reset'
Analysts at the Canadian bank lifted their rating to ‘sector perform’ from ‘underperform’, lifting their target price to 1,800p from 1,600p
Big tobacco breath sigh of relief as US regulator drops nicotine plans
The US Food and Drug Administration has withdrawn its plan for a new tighter nicotine standard rule
Imperial Brands “resets” plans after earnings vaporised
Imperial also announced that it has chosen JP Morgan veteran Thérèse Esperdy, currently the board’s senior independent director, as its new chair
Imperial Brands boss to step down
Alison Cooper will step down after twenty years at the FTSE 100 group
Imperial Brands shares burned over vaping warning
“Why the company is continuing to invest in NGP’s, when there is little evidence of success, will be a big question from here on,” said analysts at Barclays
Investments and investor services
FTSE 100 joins other global markets to head lower as trade fears linger
The UK's blue-chip benchmark index closed out around 42 points lower at 7,493
Imperial Brands rolls out £200mln share buyback and moves to 'progressive' dividend policy
The tobacco company's new approach will see “any surplus cash flows returned to shareholders via share buybacks, enhanced ordinary dividends or special dividends, depending on market conditions”
Investments and investor services
FTSE 100 closes firmly higher as trade optimism boosts sentiment
The Footsie closed up over 61 points at 7,559. The FTSE 250 closed up around 24 points higher at 19,659.
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United Utilities and Intertek Group to be in focus on a busy Thursday
United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
High FTSE yields point to 'dividend slaves' that may cut payouts
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'