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United Kingdom

Imperial Brands PLC (IMB.L)

IMB.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Imperial Brands CEO says pursuing strategy, not strategic options
Wednesday, 9 May 2018 

May 9 (Reuters) - Imperial Brands PLC ::IMPERIAL BRANDS CEO SAYS WILL DO MORE TRIALS OF HEATED TOBACCO IN COMING MONTHS.IMPERIAL BRANDS CEO SAYS DOESN'T SEE ANY SIGNIFICANT IMPACT TO MIDDLE EAST BUSINESS FROM US DECISION ON IRAN NUCLEAR PACT.IMPERIAL BRANDS CEO SAYS NOT EXPLORING STRATEGIC OPTIONS FOR OVERALL BUSINESS.IMPERIAL BRANDS CEO SAYS CAN'T GIVE DETAILS ON UPCOMING DIVESTITURES BUT WILL UPDATE IN TIME.  Full Article

Imperial Brands Says U.S Tax Reform Will Not Impact Adjusted Earnings
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Imperial Brands Plc ::‍US TAX IMPACT.IMPERIAL BRANDS NOTES CHANGES IN US TAX LEGISLATION EFFECTIVE 1 JANUARY 2018​​.‍GROUP'S US DEFERRED TAX ASSETS AND LIABILITIES WILL BE REVALUED TO TAKE ACCOUNT OF CORPORATE TAX RATE​.NEW US TAX LEGISLATION EXPECTED TO RESULT IN ONE-OFF CREDIT OF £20M, WILL NOT IMPACT ADJUSTED EARNINGS.‍CONTINUE TO EXPECT AN OVERALL ADJUSTED EFFECTIVE TAX RATE FOR GROUP OF AROUND 20%​.ANTICIPATE THAT REDUCED TAXATION OF US EARNINGS WILL RESULT IN A BENEFIT OF LESS THAN 1% TO GROUP ADJUSTED EFFECTIVE TAX RATE​​.  Full Article

Japan Tobacco has contingency plans around Palmer & Harvey
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Japan Tobacco Inc <2914.T>::JAPAN TOBACCO INTERNATIONAL SAYS HAS "WORKED CONTINUOUSLY" TO FACILITATE A CONSTRUCTIVE SOLUTION TO PALMER & HARVEY'S CHALLENGES INCLUDING EXTENDING SIGNIFICANT FINANCIAL AND OPERATIONAL SUPPORT.JAPAN TOBACCO INTERNATIONAL SAYS EFFORTS TO SUPPORT P&H WERE NOT SUCCESSFUL BUT HAS A CONTINGENCY PLAN IN PLACE AND EXPECTS NO SIGNIFICANT INTERRUPTION IN SUPPLY.  Full Article

Imperial Brands Sees No Significant Disruption To UK Ops After P&H Enters Into Administration
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Imperial Brands Plc ::‍IN OCT 2017 PALMER & HARVEY ENTERED A PERIOD OF EXCLUSIVITY WITH CARLYLE GROUP WITH INTENTION OF SECURING SIGNIFICANT CAPITAL INVESTMENT.‍DISAPPOINTED TO LEARN THAT DESPITE IMPERIAL'S ON-GOING SUPPORT, DIRECTORS OF P&H HAVE TODAY APPOINTED ADMINISTRATORS.​.WAS PREPARED TO EXPLORE FURTHER ALTERNATIVES BUT OTHER PARTIES HAVE BEEN UNWILLING TO PURSUE THESE TO A SUCCESSFUL CONCLUSION​.ESTIMATE THAT P&H'S DECISION TO ENTER ADMINISTRATION MAY HAVE A ONE-OFF IMPACT ON GROUP OPERATING PROFIT IN CURRENT FY OF UP TO £160 MILLION​.‍DO NOT ANTICIPATE ANY SIGNIFICANT DISRUPTION TO OUR UK OPERATIONS​.  Full Article

Imperial Brands comments on vapor products
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Imperial Brands Plc :Imperial brands ceo says going into trial w/ a number of platforms in heated tobacco.Imperial brands ceo says to launch 3 new vapour platforms w/ more than 20 new flavors.Imperial brands exec says expects its vapour products to be in more than 10 markets by end of fiscal 2018, more than 20 by end of fiscal 2019.Imperial brands exec says still believes e-vapor is going to be the winning platform, but needs to keep optionality w/ other alternatives.Imperial brands ceo says proposal by us regulator regarding e-cigarettes was "good to see" in terms of how they are looking at market.  Full Article

Imperial Brands and China Tobacco form joint venture
Wednesday, 11 Jan 2017 

Imperial Brands Plc : Joint venture . Subsidiaries of Imperial Brands Plc and China Tobacco have established a long-term joint venture (JV) business . JV will look to develop a variety of growth opportunities in China and international markets . JV will focus on maximising potential of two Yunnan brands, Jadé and Horizon, in markets outside of China . Further tobacco and next generation product launches, as well as potential M&A opportunities, will also be evaluated by GHVL . Jadé joins Imperial's portfolio of specialist brands .Imperial was assisted in transaction by Vermilion Partners and Allen & Overy.  Full Article

Imperial Brands says on track to meet FY expectations
Thursday, 29 Sep 2016 

Imperial Brands Plc : Trading statement . At current exchange rates, we expect currency translation to benefit full year earnings by c. 4-5 pct . Full year impact of currency transaction on earnings remains at around 3 pct for full year . Have delivered strong growth in reported tobacco net revenue for year driven by us acquisition and benefit of currency translation . Full year trend for total tobacco volumes and operating profit margin is broadly in line with first half . Our cost optimisation programme is on track to deliver targeted savings and cash conversion remains strong . In returns markets, our priority has remained on managing share and profit; benefit from price increases has been offset by a combination of adverse mix .On track to meet full year expectations at both constant currency and reported exchange rates.  Full Article

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Fast-growing e-cigarette maker Juul to launch in UK

LONDON Silicon Valley e-cigarette start-up Juul Labs is bringing its small flash drive-sized vaping device to the United Kingdom this week, aiming to reproduce its break-neck U.S. growth overseas.