Cigarettes maker Imperial Tobacco said it improved its revenue and profit momentum as it entered the second half of its financial year.
First half reported tobacco net revenues (at constant exchange rates) are expected to increase by around 3% and reported stick equivalent volumes are expected to decline by around 4%. That compares with a 7% year-on-year fall in stick equivalent volumes in the three months to the end of December, and a 1% fall in net revenues.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.
