Imperial Brands Buys Back Shares and Delivers on New Generation Growth

19 days ago

Chloe Malay

"Imperial Brands is another top performer in Europe. It is on track to meet its full targets thanks to growth in both tobacco and new generation products, and it recently announced a new buyback of 1.45 billion pounds. The new CEO, who started on October 1st, now faces the challenge of executing a five-year strategy to 2030, which focuses on continuing cigarette growth while scaling new generation products and creating a more efficient organization."

The commentary centers on Imperial Brands surpassing expectations with robust performance in both traditional tobacco and new generation products. The fresh share buyback and the new CEO's five-year strategic plan are seen as catalysts to drive further operational improvements and growth, adding a positive nuance to the stock's outlook.

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