The FTSE 100 member’s shares hit a two-year high as it sells products for more
Thursday 19 May 2022 Author: Tom Sieber
Cigarette manufacturer Imperial Brands’ ( IMB ) latest first-half results help explain why tobacco has been among the best performing sectors year-to-date. While the company took a £225 million hit to profit associated with its exit from Russia, investors were more interested in heated tobacco and e-cigarettes growth and the positive reaction helped drive its share price to a two-year high. Imperial Brands also demonstrated its pricing power, which...