Jessica Miller | June 14, 2011
Bristol- based tobacco giant, Imperial Tobacco (LSE: IMT) are expecting a £110 million hit to their profits after changes to pricing laws in Spain. Spain remains an important market for the manufacturer of Lambert & Butler, Gauloises and Davidoff brands of cigarettes, and the company report they have ‘acted to protect their market position’ and continue to monitor the situation.
Jessica Miller | March 25, 2011
Imperial Tobacco said the introduction of a smoking ban in one of its biggest markets had cast a cloud over growth as it issued a trading warning. It expects the total number of Bond cigarettes sold in the last six months to be down 1 per cent. Fewer smokers lighting up in Spain, where a ban on smoking in public places has been introduced and duties hiked, were blamed for the decline.
Jessica Miller | March 24, 2011
Imperial Tobacco Group PLC (IMT.LN) Thursday said it’s on track to meet fiscal-year expectations following an expected rise in first-half sales, but the maker of Lambert & Butler and JPS cigarettes also forecasts volumes to fall around 1%. The world’s fourth-largest global tobacco group by revenue said first-half tobacco sales are expected to increase around 2% year-on-year.