Imperial Brands Shares Gain 2.5% as Buyback Bets Offset Tobacco Slowdown
Imperial Brands shares rose 2.52% to 2,888p in London trading Monday after last week’s half-year results. Reported operating profit fell 36.5% due to a Delaware settlement and strategy costs, but adjusted profit edged up 0.6%. Tobacco net revenue increased 1.5% on price hikes, while next-generation products grew 7.5%. The FTSE 100 was up 0.16% amid broader market caution.