Imperial Brands PLC

OTCQX International Premier:IMBBYUnited States

Apr 9, 2024

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• DJ Imperial Brands' Shares Remain Cheap Despite Improving Returns -- Market Talk, from 6:34AM ET on Tuesday Apr 09, 2024 by Dow Jones

  6:34AM ET on Tuesday Apr 09, 2024 by Dow Jones
  Companies Mentioned: IMBBY
  
  1034 GMT - Imperial Brands reported a solid update in line with market expectations, Quilter Cheviot head of equity research Chris Beckett writes in a note. The tobacco group still has GBP500 million of its GBP1.1 billion share buyback remaining, representing 3.3% of its market cap, which is considered very enhancing at the current valuation, Beckett says. Added to that, Imperial's robust cash generation is expected to fund a 9% dividend and 7.5% share buyback program, Beckett says, noting that Imperial continues to be a very cheap stock. "While it is not as strategically well placed as Philip Morris or BAT, this is reflected in the valuation," Beckett says. Shares are up 0.5% at GBP17.40, but down 8.6% on a 12-month basis. (michael.susin@wsj.com)
  

• DJ London Stocks Seen Opening Slightly Lower; BP in Focus -- Market Talk, from 2:45AM ET on Tuesday Apr 09, 2024 by Dow Jones

  2:45AM ET on Tuesday Apr 09, 2024 by Dow Jones
  Companies Mentioned: IMBBY, BP
  
  0644 GMT - The FTSE 100 is expected to open 6.6 points, or 0.1%, lower, according to IG, having closed on Monday at 7943.47, as markets remain quiet ahead of U.S. inflation data on Wednesday and a European Central Bank decision on Thursday. "The quiet start to the week continues, with little in the way of major economic data to drive activity, though this will change with tomorrow's US CPI figures and Thursday's ECB meeting, while earnings season begins in earnest at the end of the week," IG analysts say in a note. Oil giant BP will be in focus after saying it expects higher upstream production in the first quarter, as well as tobacco company Imperial Brands after a trading update. (jessica.fleetham@wsj.com)
  

• DJ Imperial Brands Update Was In Line -- Market Talk, from 2:44AM ET on Tuesday Apr 09, 2024 by Dow Jones

  2:44AM ET on Tuesday Apr 09, 2024 by Dow Jones
  Companies Mentioned: IMBBY
  
  0644 GMT - Imperial Brands' trading statement ahead of its first-half results was in line with expectations, RBC Capital Markets says in a note after the tobacco group backed its guidance for fiscal 2024 with a second-half weighting. "Not much to see here," analysts James Edwardes Jones and Emma Letheren write, adding that the release gave some colour on the half-year which saw positive profit growth and an improved combustibles market share in most priority markets. They point out that the only change is on the exchange rate translation hit which the group now sees around 1.5% points worse than consensus with a 5% headwind on first-half adjusted operating profit and an around 3.5% headwind for the full year. (elena.vardon@wsj.com)
  

• *DJ Imperial Brands PLC Sees Trading in Line With Views, from 2:00AM ET on Tuesday Apr 09, 2024 by Dow Jones

  2:00AM ET on Tuesday Apr 09, 2024 by Dow Jones
  Companies Mentioned: IMBBY
  
  By Michael Susin and Elena Vardon
  
  Imperial Brands backed its profit and revenue guidance for fiscal 2024 after a first-half performance supported by strong tobacco pricing.