Imperial Brands sinks as tobacco volumes lag, US vape category slows
Imperial said regulators were behind a slowdown in the vaping market in the US
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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FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
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ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
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BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
Imperial Brands looking to sell its premium cigar business as part of ongoing divestment programme
The FTSE 100-listed tobacco firm said whilst various options are being evaluated “there can be no certainty that any transaction will take place or as to the terms of any such transaction”
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
Imperial Brands and BAT find gains as Citi upgrades both UK tobacco groups to ‘buy’ from ‘hold’
The Citi analysts said: “We expect organic growth will pick up this year as NGPs sales accelerate and we think the regulatory threat will probably move away from cigarettes”
Imperial Brands upbeat on revenue outlook as myblu gains traction
Imperial has invested £100mln in myblu in recent months which has helped to drive growth in the US, Europe and Japan, although the investment will hold back first-half profits
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FTSE 100 ends near flat; Prime Minister May says she will resign once Brexit deal passed
Mrs May reportedly told MPs that she will resign before the next phase of the Brexit negotiations.
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Wednesday to bring news from house builders as Bellway reports interims
Big tobacco will also be making an appearance in the form of a trading update from Imperial Brands
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FTSE 100 closes lower as Brexit fears permeate markets
The UK's premier share index closed down around 30 points at 7,177
Shares in BAT and Imperial Brands light up as industry opponent quits the FDA
During his time at the regulator, chief commissioner Scott Gottlieb has served as a thorn in the side of big tobacco, having previously led efforts to ban menthol cigarettes and curb e-cigarette use among teenagers
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
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Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
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Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Imperial Brands says has initiated search for a new non-executive chairman following recent investor unrest
Williamson, who also chairs FTSE 250 engineer Spectris PLC and is senior independent director at National Grid PLC, has been on the board of Imperial Brands since 2007
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FTSE 100 closes higher with gains across all major sectors
The UK index of leading shares finished over 107 points ahead at 6,941, while the FTSE 250 also closed strongly
Stubbed out: Cowen cuts ratings for cigarette makers BAT, Imperial Brands, Altria in global sector review
Cowen’s analysts said the downgrades come as they “grow increasingly cautious on the outlook for combustible cigarettes in the US”
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FTSE 100 changes direction to close higher on first day of trading in 2019; Wall Street shares up
The FTSE 100 recovered in afternoon trading and closed up six points at 6,734
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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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
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
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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.
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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
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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”
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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.
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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
Imperial Brands invests in medical cannabis research company
The size of the investment in biotech company, Oxford Cannabinoid Technologies, was not disclosed by the FTSE 100 tobacco firm
Liberum initiates British American Tobacco and Imperial Brands at 'Buy' despite regulatory pressures
Analysts at the broker said the heavy discounts on the companies shares from the market were overly cautious and predicted upsides from new generation products
Investments and investor services
FTSE 100 joins global equities to head lower as geopolitical worries weigh
News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
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Kingfisher and Tate & Lyle key names in diary as spotlight falls on UK consumer
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
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Retailers in focus for coming week, with Marks & Spencers, Kingfisher, and Halfords set to update
Aside from the retails, the week ahead includes results from utilities Pennon PLC, Severn Trent PLC, United Utilities PLC, and SSE PLC, plus updates from Ryanair PLC and Britvic PLC, and the latest UK inflation numbers
Imperial Brands shares jump as it reports ‘significant progress’ in next generation products
Alison Cooper, chief executive of the company, said: “We expect a considerably stronger second half with further share gains and improving price/mix momentum”
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
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Beer and pasties to provide sustenance, with updates due from Wetherspoons and Greggs
Day Ahead includes trading updates from pubs operator JD Wetherspoon and bakery chain Greggs, plus interims from blue chips cigarettes firm Imperial Brands and travel group TUI
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Rate hike unlikely from May Bank of England policy meeting after recent dull UK data
Aside from the latest Bank of England interest rate decision, the week ahead includes updates from Wm Morrison Supermarkets, Next, BT Group, ITV, and William Hill ...
Imperial Brands to sell other tobacco products business in the US
The decision to sell the division is part of an ongoing review of its assets
Investments and investor services
FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252
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Another day, another bank reporting results - Barclays the next up to the oche
Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
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Could price-to-sales be the key to identifying blue-chips on the recovery trail?
Since the "bombed out" virtual portfolio bit the dust, we've lacked a stock filter that identifies recovery stocks; once again drawing on the simple ideas of Michael O'Higgins ("Dogs of the Dow"), John Harrington takes a look at the price-t
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Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
Imperial Brands maintains full-year guidance despite hit from Palmer & Harvey collapse
The company said its performance will be weighted towards the second half
FTSE 100 closes strongly higher as markets stabilise
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
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Rio Tinto expected to reiterate policy of value over volume
Rio Tinto is expected to carry on returning piles of cash to shareholders but some people think a dividend cut at Glaxo is on the cards
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Bank of England rate decision eyed, plus numbers from blue chips BP and Glaxo in coming week
After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
Investments and investor services
FTSE 100 closes higher as miners gain and sterling slides
The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
Investments and investor services
Parallel Media and Physiomics lead small cap market gainers
Some of the biggest risers and fallers in London on Wednesday
FTSE 100 closes slightly higher as European stocks end in positive territory despite German political uncertainty
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
Imperial Brands shares flick higher on plans to expand vaping products amid falling tobacco sales
Tobacco volumes fell in the year to September 30 amid an industry-wide decline in the sales of cigarettes
Investments and investor services
All eyes on Primark as Associated British Foods releases results
AB Foods saw its shares fall after a pre-close season update as worries over cost pressures in its grocery business, but, the Primark fashion retail unit will likely be the focus for many.
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M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
Imperial Brands says on track to meet earnings expectations, working on rescue deal for UK tobacco wholesaler
The FTSE 100-listed company said: “Our increased investment is delivering a stronger second half performance with market share gains in most of our priority markets and continued outperformance of our Growth Brands”
What’s in store for Kingfisher investors on Thursday?
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
Market concerns on impact of proposed US cigarette nicotine cut misplaced, says JP Morgan
JP Morgan sees a buying opportunity for top producers of cigarette alternatives
Contract news lift for Physiomics, Rosslyn Data Technologies
A glance at some of the bigger risers and fallers today in London ...
FTSE 100 manages to hold onto gains; Severn Trent top gainer
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
Worldpay takeover may be first of many as US firms go Brexit bargain hunting
ITV, Burberry and GlaxoSmithKline could face potential bids from international rivals as a weaker pound stokes interest in a number of UK-based firms
Investments and investor services
FTSE 100 closes lower as Trump slump continues
Well, it's not a triple digit fall for the FTSE 100 on Thursday
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Deterioration of conditions for grocers eyed in updates from Sainsbury and Ocado
Day ahead; J Sainsbury, Ocado, Imperial Brands, Paddy Power Betfair ...
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HSBC may struggle to match rivals
HSBC is the last of the big four banks to report with more uncertainty over the outcome than for its UK-centric rivals.
BP slashes CEO Bob Dudley’s pay package as it tries to appease shareholders
Almost 60% of investors voted against Dudley’s shock pay rise for 2015 – a year in which the group posted its worst ever loss
Tobacco giant Imperial Brands says “on track" to meet first-half earnings expectations thanks to currency benefits
The FTSE 100-listed firm said: “First half revenues and earnings per share are expected to be up strongly at actual exchange rates, driven by the benefit of currency translation"
FTSE 100 recoups some losses but Brexit worries weigh
Europe again dominated the mood in London after Article 50 day
Safestore latest firm to bow to shareholder pressure and scrap AGM move to hike directors' pay
The firm’s chairman, Alan Lewis said: “While we have received considerable support from shareholders on the proposed structure it is clear that for others concerns remain"
IMPS upgraded as Credit Suisse favours fags over food
“We continue to prefer Tobacco over Food”. That's not Kate Moss talking, but Credit Suisse.
Investments and investor services
FTSE 100 ends higher as food groups power gains on takeover battle
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
Investments and investor services
FTSE shares ease with lower Wall St and ex-dividend stocks
FTSE 100 shares closed lower, dragged down by weaker US stocks and a flurry of ex-dividend stocks in London
Imperial Brands bows to shareholder pressure and scraps a planned executive pay hike deal
The firm said that, following consultations with shareholders, it no longer intends to seek shareholders' AGM approval for a change in its Directors' Remuneration Policy.
FTSE 100 shares end softer but smaller caps gain
FTSE 100 ended softer on Thursday following sharp falls by Sage Group and Unilever, while mid- and small-cap stocks gained
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
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Brokers: 25% upside as well as big yield at Imperial Brands
A round-up of some of today's broker commentary
Imperial Brands ups divi despite sharp fall in profits
Duty and other costs hit profits hard, but Imperial still upped its dividend by 10%
Investments and investor services
FTSE 100 shares end firmer as Clinton seen ahead
FTSE 100 shares ended firmer on Tuesday as a last-minute rush to buy framed a session of cautious optimism in a victory for Hillary Clinton in the US presidential election
Never mind Clinton - is M&S planning shop closures?
Markets rallied strongly yesterday ahead of today's US presidential election, but they've called poll decisions incorrectly before
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
Investments and investor services
FTSE 100 stocks end soft as tobacco takeover produces mixed results
FTSE 100 shares ended softer on Friday after a trans-Atlantic tobacco takeover bid failed to lift the mood of the market
PREVIEW - Sainsbury's sales swing into view
A look at this week' corporate offerings, which include Sainsbury's
UK shares surge, rub out previous day’s losses, as miners stage a comeback
London shares closed sharply higher on Friday and more than erased the previous session’s losses as two unlikely bedfellows – tobacco and pharma stocks – led the gains alongside a rebound by miners which had a difficult week
FTSE 100 sitting pretty ahead of US jobs report
An unlikely combination of tobacco and drugs stocks are driving the top-share index's advance
Preview: Full steam ahead for Admiral Group PLC
Cars are in focus on Wednesday: Lookers sells 'em and Admiral insures 'em
Week Ahead: Brexit the looming issue as Bovis and Kingfisher report
The dust is starting to settle after the EU referendum vote, which should mean companies can have a bit more confidence in forecasting the impact
Investments and investor services
BREXIT LIVE: City reaction as Britons choose leave
That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
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Brokers: Two high street retailers are downgraded
Poundland and Tesco have both been downgraded today, while brokers disagree on the prospects of Imperial Brands…
Imperial Brands to keep bumping up the divi
The presentation slides will be available on www.imperialbrandsplc.com
Imperial Brands shares drag as it posts fall in first half profit
Imperial Brands PLC, formerly Imperial Tobacco, saw shares drag lower midweek as it unveiled a fall in first half profit.