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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Imperial Brands    IMB   GB0004544929

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Imperial Brands : joins attempt to rescue wholesaler Palmer & Harvey

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09/29/2017 | 07:21am CEST

TOBACCO giant Imperial Brands confirmed yesterday that it is in talks to help save Palmer & Harvey, the UK's biggest cigarette supplier.

Imperial said it was seeking to create a "sustainable future" for P&H, which supplies Tesco and other major retailers.

Shares in Imperial closed down 4.02 per cent yesterday following the announcement, which was made in a trading update in which the company said it was trading in line with expectations.

Buyout firm Carlyle is thought to be leading the rescue bid and convenience chain McColl's co-founder James Lancaster is also understood to be involved.

This latest news surrounding the rescue deal for the UK's biggest cigarette supplier comes on the same day that the tobacco industry advocacy body releases findings around the illicit cigarette trade.

The Tobacco Manufacturers' Association found 72.5 per cent of UK smokers buy tobacco from taxfree sources, such as buying it abroad or duty-free at airports.

The body estimates that this means the government loses out on £3bn in tax revenue from tobacco.

(c) 2017 City A.M., source Newspaper

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Latest news on IMPERIAL BRANDS
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Financials ( GBP)
Sales 2017 8 591 M
EBIT 2017 3 651 M
Net income 2017 1 734 M
Debt 2017 12 342 M
Yield 2017 5,47%
P/E ratio 2017 15,35
P/E ratio 2018 14,56
EV / Sales 2017 4,92x
EV / Sales 2018 4,79x
Capitalization 29 888 M
Chart IMPERIAL BRANDS
Duration : Period :
Imperial Brands Technical Analysis Chart | IMB | GB0004544929 | 4-Traders
Technical analysis trends IMPERIAL BRANDS
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 38,8  GBP
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
Alison J. Cooper Chief Executive Officer & Executive Director
Mark D. Williamson Non-Executive Chairman
Oliver Reginald Tant Chief Financial Officer & Executive Director
Walter Prinz Director-Manufacturing, Research & Development
Matthew Robert Phillips Executive Director & Chief Development Officer
Sector and Competitors
1st jan.Capitalization (M$)
IMPERIAL BRANDS-11.24%39 609
PHILIP MORRIS INTERNATIONAL24.59%176 318
BRITISH AMERICAN TOBACCO5.12%147 369
SWEDISH MATCH1.76%6 587
ESSENTRA14.43%1 807
PHILIP MORRIS CR, A.S.--.--%1 446