Archive
No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
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 responds to new US FDA clampdown on vaping products
The FDA highlighted data that showed vaping had increased 78% among high school students and 50% among middle school children since last year
£8bn wiped from British American Tobacco’s market cap on reports FDA might ban menthol cigarettes
Citing unnamed sources, the Wall Street Journal has claimed that FDA commissioner Scott Gottlieb wants to crack down on menthol cigarettes due to their popularity with young people
FTSE 100 closes lower as political worries and trade fears put investors off
On Wall Street, the Dow Jones Industrial Average is down over 423 points at 25,565, while the S&P 500 is off around 37
Imperial Brands up as full-year revenues rise, adjusted profit beats after Palmer & Harvey write-off
The FTSE 100-listed tobacco firm reported revenue of £30.5bn for the 12 months to September 30, up from £30.2bn a year earlier
Archive
FTSE 100 closes firmly lower as traders await US midterm election results
The UK blue-chip index lost over 63 points at 7,040, while FTSE 250 also fell, dropping around 20 points at 19,043.
Archive
US midterm elections, Primark, Morrisons and Imperial Brands make for busy day ahead
The day ahead will see Americans go to the polls to vote in the midterm elections but closer to home the focus is on financials from AB Foods, Morrison's and Imperial Brands
Archive
Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
FTSE 100 can't hold onto gains and closes in red as Wall Street shares drag
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
London’s tobacco stocks puff higher as vaping firm Juul gets surprise raid from US FDA
Analysts reckon any ban or restriction on vaping in the US will benefit the likes of BATS and Imperial Brands, even though both have a small presence in the sector
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
Imperial Brands on track to deliver in-line full-year results, helped by sales of alternative smoking products
The FTSE 100-listed firm highlighted strong growth in sales of its myblu Next Generation Product product and said revenues have been gaining momentum this year
Morgan Stanley initiates coverage of BAT and Imperial Brands as it signals sea change in tobacco industry
The US investment bank said that FDA regulations on nicotine content and increasing cigarette prices could accelerate declines in the combustibles market
EARLY MOVERS: Altria Group and tobacco firms in the frame after FDA crackdown announcement
Also in pre-market deals, Pivotal Software Inc takes a nose-dive and McDonalds Corp shares are unmoved
FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
RBC burns British American Tobacco and Imperial Brands with downgrades as NGPs set to outgrow cigarette market
RBC’s analysts said they “expected relatively lower margin (NGPs) to continue to outgrow the core cigarette business”, which would lead to a “negative mix effect on profitability”
Investments and investor services
FTSE 100 closes in red as trade worries and Brexit fears put investors off
The UK index of leading shares finished Thursday down around 11 points, or 0.15%, at 7,563.
Archive
CRH to provide progress report on margin improvement initiatives
There are not many heavyweights expected to release results on Thursday but plenty will be going ex-dividend
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World biggest miner, BHP Billiton the main focus as results flow set to slow in coming week
Only three other FTSE 100-listed companies are scheduled to unveil updates – housebuilder Persimmon, Irish construction group CRH, and Middle East hospitals operator NMC Healthcare
FTSE 100 closes higher as pound crashes amid Brexit worries
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871