|Bid||2,517.00 x 53900|
|Ask||2,780.00 x 40000|
|Day's Range||2,555.84 - 2,674.50|
|52 Week Range||2,298.00 - 3,193.50|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||17.88|
|Forward Dividend & Yield||1.14 (4.23%)|
|1y Target Est||3,136.47|
(Reuters) - British tobacco firm Imperial Brands (IMB.L) said it was developing a vaping device with locking technology, amid restrictions by the U.S. Food and Drug Administration meant to prevent young ...
The U.S. Food and Drug Administration on Thursday announced sweeping new restrictions on flavored tobacco products, including electronic cigarettes popular among teenagers in an effort to prevent a new generation of nicotine addicts. The much-anticipated announcement will mean that only tobacco, mint and menthol e-cigarette flavors can be sold at most traditional retail outlets such as convenience stores. The FDA also plans to seek a ban on menthol cigarettes, a longtime goal of public health advocates, as well as flavored cigars.
Juul Labs Inc, the U.S. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products. The move comes as Juul and other e-cigarette makers have faced heightened scrutiny from the U.S. Food and Drug Administration amid a sharp increase by high school students in use of the devices, which look like a USB flash drive and vaporize a flavored liquid containing nicotine. Juul said it will stop selling flavors except for tobacco, mint and menthol in all retail outlets, including convenience stores and vape shops, until retailers can install technology that scans buyers' IDs to independently verify they are aged 21 or older.
The Food and Drug Administration is set on introducing restrictions on the sale of electronic cigarettes, including prohibiting most flavored products in convenience stores and gas stations, The Washington Post reported Nov. 8. The Wall Street Journal followed up with its own report Friday that said the FDA could propose a ban on menthol cigarettes.
The move comes as Juul and other e-cigarette makers have faced heightened scrutiny from the U.S. Food and Drug Administration amid a sharp increase in high school use of the devices, which look like a USB flash drive and vaporize a flavoured liquid containing nicotine.
LONDON (Reuters) - British blue chips outperformed their European peers on Monday as fears about the terms of Brexit sank the pound, giving an accounting boost to stocks with foreign revenues in dollars. ...
On Thursday, a senior official at the Food and Drug Administration said the agency plans to restrict sales of many fruit- and dessert-flavored nicotine pods to adult-only stores. The new curbs will apply only to cartridge-style devices, such as Juul, according to the FDA official. Juul’s move is expected to affect 45 percent of its in-store retail sales, according to the person familiar with the company’s plans.
MILAN/LONDON (Reuters) - Britain's blue chip share index was lower on Tuesday as the pound strengthened amid renewed optimism over a Brexit deal while investors took risk off the table as Americans went to the polls in midterm elections. Disappointing results from the fourth-largest supermarket group Morrisons and bookmaker William Hill also weighed. The FTSE 100 (.FTSE) top share index ended the day down 0.9 percent as a stronger pound made UK exports less competitive.
British tobacco firm Imperial Brands (IMB.L) signalled more investment in vaping as it reported better than expected full-year revenue and profit on Tuesday. The company, which makes Gauloises and Winston cigarettes, is preparing to launch a heated tobacco product in Japan in the first quarter of 2019, its chief executive told Reuters. Imperial also plans to increase investment in its e-cigarette brand blu by around 100 million pounds over the coming six months.
British tobacco firm Imperial Brands signalled more investment in vaping as it reported better than expected full-year revenue and profit on Tuesday. The company, which makes Gauloises and Winston cigarettes, is preparing to launch a heated tobacco product in Japan in the first quarter of 2019, its chief executive told Reuters.
Based on Imperial Brands PLC’s (LON:IMB) earnings update in March 2018, the consensus outlook from analysts appear fairly confident, with profits predicted to increase by 23% next year against the Read More...
A sell-off in defensive sectors from tobacco to healthcare knocked UK shares off a three-week high and into negative territory at the close on Friday as earlier optimism over a Brexit deal and a possible end to the U.S.-China row faded. The FTSE 100 (.FTSE) ended the day down 0.3 percent, handing back gains that saw it shoot to its highest since Oct. 10 in the morning, as a disappointing outlook from Apple (AAPL.O) dragged Wall Street lower at the open. On Friday defensive stocks, which held up relatively robustly compared with cyclicals and growth sector during the October sell-off, were out of favour, providing the most pressure on the blue chip index.
Alison Cooper became the CEO of Imperial Brands PLC (LON:IMB) in 2010. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. Read More...
Tobacco stocks are facing an uphill battle when it comes to regulation and public perception, but one Wall Street analyst says tobacco companies have a long track record of success for investors. The Analyst ...
Faced with a proliferation of new electronic cigarettes and a sharp rise in teen vaping, the U.S. Food and Drug Administration on Friday sent letters to 21 electronic cigarette manufacturers seeking information to assess whether the products are being marketed illegally. An FDA rule banned the sale of new e-cigarette products after August 2016 without regulatory approval. In September, Reuters reported that startups and big tobacco firms launched more than a dozen new high-nicotine e-cigarette products mimicking the popular Juul devices after the FDA imposed the deadline.
European stocks failed to stage a recovery on Friday, posting their worst week since a market correction last February as a new sell-off hit bourses across the globe, amid worries about protectionism and fast-rising U.S. interest rates. Euro zone stocks initially jumped one percent but rapidly shed all of their gains despite Wall Street opening higher. There's "a rotten trend" in Europe, a trader complained, noting that U.S. shares have outperformed their European peers since the beginning of the year with the Trump administration's fiscal cuts boosting earnings.
Juul Labs, the e-cigarette maker at the heart of a U.S. crackdown on youth vaping, has filed patent infringement complaints in the United States and Europe against what it said were copycat rivals. The complaints follow the seizure this week by U.S. health regulators of more than 1,000 pages of documents from Juul Labs about its sales and marketing practices, as they investigate growing e-cigarette use among young people that threatens to create a new generation of nicotine addicts. Juul, which controls nearly three quarters of the U.S. e-cigarette market, filed a complaint on Wednesday with the U.S. International Trade Commission (ITC) naming 18 entities, most of them based in the United States or China, accusing them of developing and selling products based on its patented technology.
The U.S. Food and Drug Administration said on Tuesday it seized more than a thousand pages of documents from Juul Labs related to the company's sales and marketing practices after a surprise inspection, the latest clampdown on e-cigarette companies. The FDA said last month it was considering a ban on flavored e-cigarettes from Juul and others as the agency grapples with an "epidemic" of youth e-cigarette use that threatens to create a new generation of nicotine addicts. Retail sales of Juul grew more than seven-fold from 2016 to 2017, according to a study by the U.S. Centers for Disease Control and Prevention (CDC).
The legality of cannabis - marijuana - within the United States is a gray area. It's illegal in all forms at a federal level, but the nation's Drug Enforcement Agency and other law-enforcement arms have largely decided to turn a blind eye to states that have legalized cannabis one way or another. Nevertheless, the cannabis industry to date remains fragmented, served only by relatively small marijuana stocks and private companies that lose money more often than not. The missing ingredient: scale, or size. While so-called "mom 'n' pop" shops may be able to eke out reliable profits, attempts at mass marketing have largely been fiscal failures. The cannabis business needs bigger backers if it's going to become a mass-market product. But Fortune 500 companies have mostly opted to steer clear given the inconsistent and unclear legalities. That's changing, though. A handful of large, prominent companies are signaling that this market is becoming big enough to address. Today, we'll give you a rundown of five blue-chip "marijuana stocks" to watch. Just note: These are enormous multinationals bringing in billions of dollars in revenues. Merely dipping a toe into the cannabis business won't make these stocks suddenly double overnight. Instead, they offer ways to invest in sound, profitable businesses ... with the potential for a little additional marijuana upside. SEE ALSO: The 25 Best Stocks to Buy (According to Hedge Funds)
By Danilo Masoni MILAN (Reuters) - European shares closed higher on Tuesday boosted by gains among oil stocks and optimism over the Italian budget while British clothing retailer Next (NXT.L) rallied after ...
British tobacco company Imperial Brands (IMB.L) aims to launch Nixx, a tobacco-infused e-cigarette, during the first part of 2019, its chief executive said on Tuesday, as the company bolsters its portfolio of cigarette alternatives. Nixx could be launched around the same time as Imperial's tobacco heating device Pulze but might come earlier, CEO Alison Cooper told Reuters before a capital markets day in London where Imperial will discuss its "next-generation products". Some investors are concerned vaping devices will not be as profitable as cigarettes, but Cooper said the company had a clear route to similar levels of profitability.