|Bid||2,621.00 x 53900|
|Ask||2,621.00 x 40000|
|Day's Range||2,615.00 - 2,648.25|
|52 Week Range||2,239.50 - 3,009.00|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||18.30|
|Earnings Date||May 8, 2019|
|Forward Dividend & Yield||2.62 (9.94%)|
|1y Target Est||3,018.82|
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The Financial Reporting Council's revised corporate code came into effect in January, requiring public companies in Britain to explain if a board chair has remain unchanged for more than nine years. Under the code, where the chair was previously a non-executive director, as was the case for Williamson, time served in that capacity counts towards the nine year period. Williamson joined Imperial's board in 2007, was named senior independent non-executive director in February 2012 and then appointed deputy chairman in January 2013.
Mark Williamson, 61, has been on the board of the FTSE 100 company for more than nine years, since 2007, which is against the UK Corporate Governance Code that came into effect this year. Imperial, whose brands include Davidoff, Winston and Gauloises cigarettes and Blu, an ecigarette, said in a statement on Monday that “in anticipation of the requirements of the new UK Corporate Governance Code regarding a chairman’s tenure” it had “initiated a process to search for a non-executive chairman to succeed” Mr Williamson. The move comes after almost a fifth of shareholders — 18 per cent of those in attendance — voted against Mr Williamson’s re-election at Imperial’s annual meeting last week.
The following are the top stories on the business pages of British newspapers. Imperial Brands Plc is expected to announce that Mark Williamson will step down as chairman of the tobacco group in the coming months on the back of the introduction of more stringent corporate governance rules. Legal & General Capital has agreed to take a 50 per cent stake in a 230 million pound ($297.53 million) data centre campus that will serve life science and technology businesses along the London to Cambridge innovation corridor.
(Reuters) - Imperial Brands Plc (IMB.L) is expected to announce that Mark Williamson will step down as chairman of the company in the coming months following the introduction of more stringent corporate ...
Britain's blue-chip index jumped on Wednesday after a sharp fall in sterling overnight when British lawmakers voted down a proposal in parliament that aimed to prevent a potentially chaotic "no-deal" Brexit. The exporter-heavy FTSE 100 surged 1.6 percent, extending its more than 1 percent rally on Tuesday ahead of the vote, while the FTSE 250, which is more domestically focused, climbed 0.7 percent. All the sectors in the main index ended the day in positive territory as the FTSE 100 is often boosted by a weaker domestic currency because its multinational companies earn a big portion of their revenue abroad in foreign currency.
By Muvija M and Shashwat Awasthi (Reuters) - London's main bourse ended Monday's session at its lowest in nearly a month as yet more downbeat data from China and U.S. bellwether Caterpillar's weak forecast ...
Today we'll evaluate Imperial Brands PLC (LON:IMB) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in Read More...
London's blue-chip bourse (.FTSE) ended the day 0.7 percent higher after hitting its highest since Dec. 5 and the mid-cap index (.FTMC) rallied 1.3 percent to levels not seen since Dec. 4. Spreadex analyst Connor Campbell said the statement was light on evidence that much actual progress had been made during the three days of trade talks in Beijing. Uncertainty over London's divorce from the European Union also deepened ahead of next week's parliamentary vote on the draft deal, while figures showed domestic productivity growth slowed to a two-year low during the three months to last September.
The U.S. Food and Drug Administration has announced three policy proposals that will ban menthol in cigarettes, limit the marketing of flavors in vaping liquids, and ban flavored cigars. This represents the most concerted attempt to clamp down on the tobacco industry in 20 years. Tobacco stocks moved sharply downward after the November announcement, particularly in reaction to the potential for menthol prohibition.
By Muvija M and Shashwat Awasthi (Reuters) - UK shares fell on Thursday to their lowest in over two years, with the mid-cap index closing just shy of confirming a bear market, as global economy fears snuffed ...
By Muvija M and Shashwat Awasthi (Reuters) - British shares dipped on Monday as world stocks fell on reports that U.S. President Donald Trump privately discussed firing the head of the Federal Reserve ...
British stocks rose on Wednesday as investors welcomed conciliatory talk from U.S. President Trump on trade and became more convinced Prime Minister Theresa May would see off a leadership challenge and win a no-confidence vote. The FTSE 100 (.FTSE) ended the day up 1.1 percent as financials and materials stocks rallied. Heavyweight lender HSBC (HSBA.L), which makes a big chunk of its revenue in China, was the biggest contributor to gains followed by BHP and Glencore, boosted by higher metals prices.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use Imperial Brands PLC's (LON:IMB) P/E Read More...
Canada this year legalized recreational use of marijuana and is seen as a testing ground for pot companies that expect to expand globally as other countries follow suit. The discussions between Cronos and Altria are expected to last for several weeks, one of the sources added. Altria did not immediately respond to a request for comment, while Cronos declined to comment.
UK shares fell sharply on Thursday as sterling rallied after the European Commision and Britain agreed on a draft text for future EU-UK ties after Brexit, with Centrica, Fresnillo and other mining stocks leading the decline. Some of the biggest fallers - Vodafone (VOD.L), Imperial Brands (IMB.L), DCC (DCC.L), National Grid (NG.L) and Evraz (EVRE.L) - went ex-dividend, taking around 9.8 points off the index. The FTSE 100 (.FTSE) closed down 1.3 percent, handing back the previous session's gains and underperforming its euro zone counterparts as the pound surged on positive news from Brussels midmorning.
(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.