JPMorgan Chase & Co. restated their overweight rating on shares of Imperial Brands (LON:IMB – Get Rating) in a report issued on Monday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 2,100 ($27.51) price objective on the stock. Other equities analysts have also issued reports about the stock. Barclays reaffirmed an overweight […]
19 May 2021 | 07:43am
StockMarketWire.com - Tobacco titan Imperial Brands confirmed that Lukas Paravicini was appointed as chief financial officer after Oliver Tant stepped down on 18 May 2021.
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US might reduce the nicotine content in cigarettes to non-addictive levels Menthol cigarettes might also be banned
Imperial Brands PLC (LON:IMB) and British American Tobacco PLC (LON:BATS) tumbled today on a report that the US might order a reduction in the nicotine content in cigarettes.
US authorities are considering the move as part of clamp-down on tobacco addiction reported the Wall Street Journal.
The Food and Drug Administration has to make a decision on whether to ban menthol-flavoured cigarettes by 29 April and this has prompted it also to consider lowering nicotine levels to a level where it is no longer addictive.
17 February 2021 | 07:35am
StockMarketWire.com - Tobacco company Imperial Brands said it would appoint Lukas Paravicini as chief financial officer on August 5 2021.
Paravicini, currently CFO of agricultural commodities and brokerage group ED&F Man, would succeed Oliver Tant.
As CFO of Imperial Brands, Lukas would receive an annual salary of £730,000 and a pension allowance, which was aligned with the workforce pension rate, equivalent to a maximum of 14% of salary and other usual benefits, the company said.
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17 February 2021 | 12:02pm
StockMarketWire.com - The FTSE 100 dipped 0.14% to 6,739.27 on Wednesday as a higher-than-expected reading of UK inflation stoked some fears over rising prices.
In the US futures markets suggested a similarly tepid feel to trading on Wall Street, with retail sales data scheduled to be released.
British American Tobacco dropped 4% to £26.38, even as it reported a rise in annual profit, citing strength at its vaping business.
The tobacco giant upped its dividend 2.5% to 215.6, while guiding for 3-5% constant-currency revenue growth in 2021 and mid-single-digit percentage earnings growth reflecting continued Covid-19 impacts .
Fellow tobacco company Imperial Brands slipped 1.1% to £14.97 on announcing that chief financial officer Oliver Tant would stand down by no later than August.