Imperial Brands (GB:IMB)
LSE:IMB
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Imperial Brands
(LSE:IMB)
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Rating:67Neutral
Price Target:
3,135.00 p
▲(12.91% Upside)
Action:Downgraded
Date:05/20/26
The score is driven primarily by stable but mixed fundamentals: solid operating performance is offset by higher leverage and a significant decline in free cash flow. Valuation is supportive (moderate P/E and strong dividend yield), while technicals are only neutral-to-weak with negative MACD and price below longer-term averages. Earnings call commentary is constructive due to reiterated guidance, strong cash conversion, and ongoing shareholder returns, tempered by one-offs and settlement-related cash outflows.
Positive Factors
High free cash generation and conversion
Sustained FCF and very high operating cash conversion are durable fundamentals: they provide funding for capex, deleveraging, dividends and buybacks, and cushion against cyclical revenue swings, supporting long-term strategic investment and shareholder returns.
Negative Factors
Elevated leverage (debt-to-equity ~2.07)
High structural leverage reduces financial flexibility and increases interest and refinancing risk, constraining investment and making results more sensitive to shocks; deleveraging will be needed to secure balance sheet resilience over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High free cash generation and conversion
Sustained FCF and very high operating cash conversion are durable fundamentals: they provide funding for capex, deleveraging, dividends and buybacks, and cushion against cyclical revenue swings, supporting long-term strategic investment and shareholder returns.
Read all positive factors
Imperial Brands (IMB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£20.54B
Dividend Yield5.57%
Average Volume (3M)1.87M
Price to Earnings (P/E)12.3
Beta (1Y)0.25
Revenue Growth4.73%
EPS Growth-28.94%
CountryUK
Employees25,600
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)2.13
Shares Outstanding773,021,360
10 Day Avg. Volume1,677,567
30 Day Avg. Volume1,869,086
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)5.40
Price to Sales (P/S)0.81
P/FCF Ratio9.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£3,327.78Price Target Upside19.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)3.36
Revenue Forecast (FY)£9.92B
Imperial Brands Business Overview & Revenue Model
Company Description
Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, fine cut and smokeless tobacco...
How the Company Makes Money
Imperial Brands makes money primarily by selling nicotine and tobacco products to wholesalers, distributors, and retailers, generating revenue when these customers purchase branded products for resale to consumers. Its core revenue stream is combu...
Imperial Brands Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 17, 2026
Earnings Call Sentiment Positive
The call presented several concrete operational and financial positives: strong cash generation (GBP 2.6bn over 12 months), high operating cash conversion (98%), confirmed full-year guidance, disciplined pricing that offset volume declines, regional profit growth (Europe +6.5%, AAAACE ex-Australia +10.8%), and measurable strategic transformation progress with committed efficiency targets (GBP 320m). These positives were tempered by identifiable near-term headwinds and one-off costs ( > GBP 50m in H1), a notable H1 shortfall in NGP versus in-year expectations due to promotional timing (NGP losses increased ~GBP 13m in U.S.), accelerated Australia volume declines (~50%) and cash payments related to a legal settlement (GBP 150m in H1 plus GBP 162m to follow). Management reiterated confidence in H2 step-up and maintained guidance. Overall, the weight of the highlights (strong cash, confirmed guidance, clear transformation actions, and NGP market share gains) outweighs the lowlights, which are characterized as manageable, mostly one-off or timing-related, and addressable over H2–FY27.Positive Updates
Strong cash generation
Generated GBP 2.6 billion of free cash flow on a 12-month basis; operating cash conversion of 98% (12-month basis). Expect at least GBP 2.2 billion of free cash flow for the full year (including cash costs related to legal settlement and strategy).
Negative Updates
One-off impacts reducing H1 performance
One-offs and regional impacts in H1 totaled over GBP 50 million, including tariff impacts in the U.S., accelerated Australia volume declines, and promotional effects in U.S. NGP that reduced net revenue and increased NGP losses by ~GBP 13 million.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong cash generation
Generated GBP 2.6 billion of free cash flow on a 12-month basis; operating cash conversion of 98% (12-month basis). Expect at least GBP 2.2 billion of free cash flow for the full year (including cash costs related to legal settlement and strategy).
Read all positive updates
Company Guidance
The company reiterated full‑year guidance, expecting tobacco net revenue growth in the low single digits and double‑digit NGP net revenue growth, adjusted operating profit growth within the mid‑term target range of 3%–5%, and at least high‑single‑digit EPS growth; it expects at least GBP 2.2bn of free cash flow (having generated GBP 2.6bn over the past 12 months) with operating cash conversion at 98% (12‑month basis) and leverage at c.2.4x (targeting the lower end of its range by year‑end). Management confirmed capital returns (ordinary dividend +4% and the GBP 1.45bn evergreen share buyback on track), noted H1 one‑offs of over GBP 50m (including ~GBP 13m NGP promo impact) and disclosed cash costs for the Delaware settlement (GBP 150m paid in H1; ~GBP 162m remaining in roughly equal installments over the next three years), and flagged a potential 0–1% FX headwind to operating profit and EPS.Imperial Brands Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.41B | 32.17B | 32.41B | 32.48B | 32.55B | 32.79B |
| Gross Profit | 6.68B | 7.00B | 6.78B | 6.68B | 6.04B | 6.03B |
| EBITDA | 4.17B | 4.37B | 4.14B | 4.25B | 4.93B | 4.58B |
| Net Income | 1.74B | 2.07B | 2.61B | 2.33B | 1.57B | 2.83B |
Balance Sheet | ||||||
| Total Assets | 28.23B | 28.71B | 27.83B | 29.49B | 30.96B | 29.09B |
| Cash, Cash Equivalents and Short-Term Investments | 497.00M | 1.44B | 1.08B | 1.34B | 1.85B | 1.29B |
| Total Debt | 11.23B | 10.00B | 9.08B | 9.73B | 10.26B | 10.07B |
| Total Liabilities | 23.63B | 23.28B | 21.80B | 22.85B | 23.48B | 23.15B |
| Stockholders Equity | 4.03B | 4.82B | 5.44B | 6.02B | 6.86B | 5.35B |
Cash Flow | ||||||
| Free Cash Flow | 2.82B | 2.86B | 3.27B | 2.95B | 2.58B | 1.57B |
| Operating Cash Flow | 3.12B | 3.24B | 3.31B | 3.13B | 2.83B | 1.77B |
| Investing Cash Flow | -355.00M | -415.00M | -348.00M | -437.00M | -163.00M | 695.00M |
| Financing Cash Flow | -2.90B | -2.52B | -3.16B | -2.63B | -2.15B | -2.79B |
Imperial Brands Technical Analysis
Negative
2776.50
Price Trends
2837.89
Negative
2966.30
Negative
2992.51
Negative
Market Momentum
-33.33
Positive
41.10
Neutral
16.02
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IMB, the sentiment is Negative. The current price of 2776.5 is above the 20-day moving average (MA) of 2761.62, below the 50-day MA of 2837.89, and below the 200-day MA of 2992.51, indicating a bearish trend. The MACD of -33.33 indicates Positive momentum. The RSI at 41.10 is Neutral, neither overbought nor oversold. The STOCH value of 16.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:IMB.
Imperial Brands Risk Analysis
Imperial Brands disclosed 12 risk factors in its most recent earnings report. Imperial Brands reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Imperial Brands Peers Comparison
UnderperformOutperform
Sector (62)
GB:IMB
Imperial Brands
2,699.00
0.41
0.02%
GB:BATS
British American Tobacco
4,402.00
1,212.35
38.01%
Imperial Brands Corporate Events
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
May 19, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme by buying back 190,000 ordinary shares on 19 May 2026 at an average price of 2,898.0242 pence per share, with Barclays acting as broker. The company plans to...
Business Operations and StrategyStock Buyback
Imperial Brands Advances £1.45bn Buyback with Further Share Cancellation
Positive
May 18, 2026
Imperial Brands has continued its capital return strategy by buying back and cancelling 123,620 ordinary shares on 18 May 2026 as part of its £1.45 billion share repurchase programme. The shares, purchased via Barclays Capital Securities at a...
Stock Buyback
Imperial Brands Cancels 200,000 Shares in Ongoing £1.45bn Buyback
Positive
May 15, 2026
Imperial Brands has repurchased 200,000 of its 10 pence ordinary shares on 15 May 2026 as part of its ongoing £1.45 billion share buyback programme, at an average price of 2,839.8206 pence per share. The company plans to cancel these shares, ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Newly Repurchased Shares, Updates Share Count
Positive
May 14, 2026
Imperial Brands has repurchased 11,145 ordinary shares as part of its ongoing £1.45 billion share buyback programme and intends to cancel them, with Barclays executing the transaction on the London Stock Exchange. Following settlement and can...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 150,000 Shares in Ongoing £1.45bn Buyback
Positive
May 14, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 150,000 ordinary shares on 13 May 2026 at an average price of 2,786.0515 pence per share. The shares, acquired via Barclays Capital Securities a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under GBP 1.45bn Buyback
Positive
May 12, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme, buying 45,002 ordinary shares for cancellation on 12 May 2026 at an average price of 2,746.3479 pence per share. The transaction, carried out via Barclays Cap...
Dividends
Imperial Brands Lifts Interim Dividend by 4% for FY26
Positive
May 12, 2026
Imperial Brands’ board has approved an interim dividend of 83.36 pence per share for FY26, up 4.0% from the prior year and aligned with its progressive dividend policy. The payout will be split into two equal quarterly instalments of 41.68 p...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Imperial Brands lifts cash returns as transformation offsets earnings hit
Positive
May 12, 2026
Imperial Brands reported modest top-line gains for the half year to 31 March 2026, with tobacco and next-generation product net revenue up 1.8% as strong pricing in combustibles and 7.5% growth in NGPs offset volume declines. Adjusted operating pr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 230,000 Shares in Ongoing £1.45bn Buyback
Positive
May 11, 2026
Imperial Brands has continued executing its previously announced £1.45 billion share buyback programme, repurchasing 230,000 ordinary shares on 11 May 2026 at an average price of 2,734.3105 pence per share. The transaction, carried out via Ba...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels More Shares in Ongoing £1.45bn Buyback
Positive
May 8, 2026
Imperial Brands has continued its GBP 1.45 billion share repurchase programme by buying back 308,378 ordinary shares on 8 May 2026 at an average price of GBp 2,752.7984, with Barclays acting as broker. The company will cancel these shares, reducin...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Tightens Share Count with Latest Buyback Tranche
Positive
May 7, 2026
Imperial Brands has continued to execute its GBP 1.45 billion share repurchase programme by buying back 396,641 ordinary shares on 7 May 2026 at an average price of 2,771.2202 pence per share. The transaction, carried out through Barclays as an on...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count Further with Ongoing £1.45bn Buyback
Positive
May 6, 2026
Imperial Brands has repurchased 120,073 ordinary shares at an average price of 2,833.5966 pence each as part of its £1.45 billion share buyback programme, and intends to cancel them. Following settlement and cancellation, the company’s ...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Advances Buyback With New Share Cancellation
Positive
May 5, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme, buying back 149,833 ordinary shares on 5 May 2026 at an average price of GBp 2,813.5762 for cancellation. The repurchase, carried out via Barclays Capital Sec...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
May 1, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme with the buyback and cancellation of 220,000 ordinary shares on 1 May 2026. The shares, purchased on-exchange through Barclays at an average price of 2,802.0...
Regulatory Filings and Compliance
Imperial Brands Confirms Share Capital and Voting Rights Structure
Neutral
May 1, 2026
Imperial Brands has reported that its issued share capital as of 30 April 2026 stands at 840,613,025 ordinary shares of 10 pence each, with 62,589,137 of those shares held in treasury. This leaves a total of 778,023,888 voting rights in the compan...
Stock Buyback
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Neutral
Apr 30, 2026
Imperial Brands has repurchased 108,054 ordinary shares for cancellation on 30 April 2026 under its ongoing £1.45 billion buyback programme, paying an average price of 2,786.4742 pence per share through broker Barclays. Following settlement a...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Fresh Tranche of Shares in £1.45bn Buyback
Positive
Apr 29, 2026
Imperial Brands has repurchased 186,163 of its 10 pence ordinary shares on 29 April 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,776.7822 pence per share. The shares, acquired via Barclays Ca...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Apr 28, 2026
Imperial Brands has repurchased and will cancel 166,728 ordinary shares as part of its ongoing £1.45 billion share buyback programme, with the shares acquired on 28 April 2026 at an average price of 2,759.0229 pence. The transaction, executed...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares in £1.45bn Buyback
Positive
Apr 27, 2026
Imperial Brands has repurchased 247,343 ordinary shares of 10 pence each on 27 April 2026 as part of its previously announced £1.45 billion share buyback programme. The transaction, executed via Barclays Capital Securities on the London Stock...
Business Operations and StrategyStock Buyback
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
Apr 24, 2026
Imperial Brands has continued its ongoing £1.45 billion share repurchase programme with the buyback and planned cancellation of 179,206 ordinary shares on 24 April 2026, executed via Barclays Capital Securities on the London Stock Exchange. F...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Apr 23, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 180,000 ordinary shares on 23 April 2026 at an average price of 2,770.0744 pence per share. The company will cancel the repurchased stock, reducing t...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback With New Share Cancellation
Positive
Apr 23, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 275,000 ordinary shares on 22 April 2026 at an average price of 2,734.8202 pence per share. The shares were acquired on-exchange from Barclays Capita...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 190,000 Shares in Ongoing £1.45bn Buyback
Positive
Apr 21, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 190,000 ordinary shares on 21 April 2026 for cancellation at an average price of 2,758.2776 pence. All shares were acquired via Barclays on the ...
Business Operations and StrategyStock Buyback
Imperial Brands Shrinks Share Count with Ongoing £1.45bn Buyback
Positive
Apr 20, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 217,825 ordinary shares for cancellation on 20 April 2026 at an average price of 2,794.4491 pence per share. The transaction, conducted via Barclays ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 240,000 Shares in Ongoing £1.45bn Buyback
Positive
Apr 17, 2026
Imperial Brands has repurchased 240,000 ordinary shares at an average price of 2,777.9081 pence each as part of its ongoing £1.45 billion buyback programme and intends to cancel the shares. Following settlement and cancellation, the company&#...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 220,000 Shares in Ongoing £1.45bn Buyback
Positive
Apr 16, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme with a new buyback of 220,000 ordinary shares on 16 April 2026. The shares, with a nominal value of 10 pence each, were acquired at an average price of 2,818.3...
Business Operations and StrategyStock Buyback
Imperial Brands Cuts Share Count with Latest £1.45bn Buyback Tranche
Positive
Apr 15, 2026
Imperial Brands has continued its ongoing £1.45 billion share repurchase programme by buying 250,000 ordinary shares for cancellation on 15 April 2026. The shares were acquired via Barclays at an average price of 2,855.8918 pence, reducing th...
Executive/Board Changes
Imperial Brands Chair Thérèse Esperdy Named Rentokil Initial Chair Designate
Neutral
Apr 15, 2026
Imperial Brands has announced that its chair, Thérèse Esperdy, will take on an additional role as an independent non-executive director and chair designate at Rentokil Initial, a global provider of pest control and hygiene and wellbeing ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 260,000 Shares in Ongoing £1.45bn Buyback
Positive
Apr 14, 2026
Imperial Brands has continued its share repurchase activity, buying back 260,000 ordinary shares on 14 April 2026 at an average price of 2,901.1640 pence per share under its £1.45 billion buyback programme. The shares, acquired via Barclays o...
Executive/Board Changes
Imperial Brands Director Julie Hamilton Joins Goodyear Board
Positive
Apr 14, 2026
Imperial Brands has announced that non-executive director Julie Hamilton has taken on an additional role as a non-executive director on the board of The Goodyear Tire Rubber Company, effective 13 April 2026. The appointment underscores the cross-...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Reaffirms 2026 Outlook as 2030 Transformation Gathers Pace
Positive
Apr 14, 2026
Imperial Brands reaffirmed its full-year guidance for fiscal 2026, forecasting low single-digit growth in combined tobacco and next-generation product net revenue for the first half, supported by robust pricing and expanding NGP offerings across E...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Cancels Further Shares in £1.45bn Buyback
Positive
Apr 13, 2026
Imperial Brands has repurchased 249,435 ordinary shares at an average price of 3,101.9783 pence per share as part of its ongoing £1.45 billion share buyback programme. The shares, acquired via Barclays on the London Stock Exchange, will be ca...
DividendsRegulatory Filings and Compliance
Imperial Brands CFO Increases Stake via Dividend Reinvestment
Positive
Apr 13, 2026
Imperial Brands PLC disclosed that its chief financial officer and executive director, Murray McGowan, has acquired 873 ordinary shares in the company through a dividend reinvestment transaction. The purchase, executed on 7 April 2026 on the Londo...
Business Operations and StrategyStock Buyback
Imperial Brands Launches £725m Second Tranche of Share Buyback
Positive
Apr 13, 2026
Imperial Brands has launched a second tranche of its ongoing share buyback, authorising up to £725 million of repurchases as part of a broader £1.45 billion programme running to late October 2026. The move is designed to materially reduc...
Business Operations and StrategyStock Buyback
Imperial Brands Completes First £725m Tranche of £1.45bn Buyback
Positive
Apr 10, 2026
Imperial Brands has repurchased 194,858 ordinary shares on 10 April 2026 at an average price of 3,095.48 pence, as part of its ongoing £1.45 billion share buyback programme, and will cancel these shares, reducing its share count to 780,699,42...
Other
Imperial Brands Director Alan Johnson Buys Shares on London Market
Positive
Apr 10, 2026
Imperial Brands is a major international tobacco and nicotine company, best known for manufacturing and selling cigarettes, cigars, rolling tobacco, and next-generation products such as vaping devices. Listed on the London Stock Exchange, it targe...
Executive/Board Changes
Imperial Brands Director Takes Key Remuneration Role at Coty
Positive
Apr 10, 2026
Imperial Brands has disclosed that non-executive director Robert Kunze-Concewitz has been appointed as a non-executive director and chair of the remuneration committee at beauty group Coty Inc., effective 18 March 2026. The additional external boa...
Stock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Apr 9, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme by buying back 47,870 ordinary shares on 9 April 2026 at an average price of 3,087.45 pence, with the shares acquired from Morgan Stanley in an on-exchange t...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Apr 8, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 92,392 ordinary shares on 8 April 2026 at an average price of 3,121.25 pence per share. The company intends to cancel these shares, reducing the...
DividendsRegulatory Filings and Compliance
Imperial Brands Directors Add Shares Through Dividend Reinvestment
Positive
Apr 8, 2026
Imperial Brands has disclosed a series of routine share transactions involving board members and a senior executive, all executed via dividend reinvestment plans in the company’s ordinary shares on the London Stock Exchange. Non-executive di...
Business Operations and StrategyStock Buyback
Imperial Brands Continues £1.45bn Buyback With Further Share Cancellation
Positive
Apr 7, 2026
Imperial Brands has continued executing its £1.45 billion share buyback programme with the repurchase and planned cancellation of 85,110 ordinary shares on 7 April 2026, at an average price of 3,128.13 pence per share. The transaction, conduc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With Latest Share Cancellation
Positive
Apr 7, 2026
Imperial Brands has continued to execute its £1.45 billion share repurchase programme, buying back 182,564 ordinary shares on 2 April 2026 at an average price of 3,074.62 pence per share. The shares, acquired via Morgan Stanley on the London ...
Stock Buyback
Imperial Brands Cancels New Tranche of Shares in Ongoing Buyback
Positive
Apr 1, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 421,899 ordinary shares for cancellation on 1 April 2026 at an average price of 3,048.05 pence. The transaction, conducted via Morgan Stanley on the ...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels New Tranche of Shares Under Ongoing Buyback
Positive
Apr 1, 2026
Imperial Brands has continued execution of its GBP 1.45 billion share buyback, repurchasing 169,322 ordinary shares on 31 March 2026 at an average price of 3,090.22 pence. The transaction, conducted via Morgan Stanley on the London Stock Exchange,...
Regulatory Filings and Compliance
Imperial Brands Updates Market on Voting Rights and Share Capital
Neutral
Apr 1, 2026
Imperial Brands has reported that, as of 31 March 2026, its issued share capital comprised 844,555,265 ordinary shares of 10 pence each, with 62,589,137 of these shares held in treasury and therefore excluded from voting. This leaves a total of 78...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Mar 31, 2026
Imperial Brands has repurchased 72,688 ordinary shares of 10 pence each on 30 March 2026 under its £1.45 billion buyback programme, paying an average price of 3,087.59 pence per share in an on-exchange transaction executed by Morgan Stanley. ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Buyback Shares
Positive
Mar 27, 2026
Imperial Brands has continued to execute its £1.45 billion share repurchase programme by buying back 210,567 ordinary shares on 27 March 2026 at an average price of 3,050.44 pence. The shares, acquired via Morgan Stanley on the London Stock E...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Mar 26, 2026
Imperial Brands has continued executing its £1.45 billion share buyback by repurchasing 203,255 ordinary shares on 26 March 2026 at an average price of 3,046.69 pence, with all shares acquired from Morgan Stanley in an on-exchange transaction...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count as £1.45bn Buyback Progresses
Positive
Mar 25, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 113,468 ordinary shares for cancellation on 25 March 2026 at an average price of 3,044.87 pence. All shares were acquired via Morgan Stanley on the L...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Mar 24, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 217,869 ordinary shares for cancellation on 24 March 2026 at an average price of 3,016.49 pence. All shares were acquired via Morgan Stanley on ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Cancels New Batch of Shares in Ongoing £1.45bn Buyback
Positive
Mar 24, 2026
Imperial Brands has repurchased 561,705 ordinary shares at an average price of 3,020.70 pence per share as part of its ongoing £1.45 billion share buyback programme and intends to cancel them. Following this latest transaction, which was exec...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares in £1.45bn Buyback
Positive
Mar 20, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 367,626 ordinary shares on 20 March 2026 at an average price of 3,069.83 pence per share. The shares, bought via Morgan Stanley on the London Stock Exchange...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback With Latest Share Cancellation
Positive
Mar 19, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 683,323 ordinary shares on 19 March 2026 at an average price of 3,098.55 pence and intending to cancel them. Following settlement and cancellation, the comp...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares in Ongoing £1.45bn Buyback
Positive
Mar 18, 2026
Imperial Brands has repurchased 508,962 ordinary shares of 10 pence each on 18 March 2026 as part of its previously announced £1.45 billion share buyback programme, paying an average price of 3,138.49 pence per share through broker Morgan Sta...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buyback, Cuts Share Count Further
Positive
Mar 13, 2026
Imperial Brands has continued execution of its £1.45 billion share repurchase programme, buying 12,064 ordinary shares for cancellation on 13 March 2026 at an average price of 3,130.72 pence, with Morgan Stanley acting as broker. After settle...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Batch of Shares in Ongoing £1.45bn Buyback
Positive
Mar 12, 2026
Imperial Brands has continued execution of its £1.45 billion share buyback, repurchasing 378,901 ordinary shares on 12 March 2026 at an average price of 3,104.07 pence per share, with Morgan Stanley acting as broker. The company intends to ca...
Stock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Mar 11, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 545,325 ordinary shares on 11 March 2026 at an average price of 3,120.50 pence, with Morgan Stanley acting as broker. The company will cancel the shares, re...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Mar 11, 2026
Imperial Brands has continued to execute its £1.45 billion share repurchase programme, buying back 169,649 ordinary shares on 10 March 2026 at an average price of 3,155.71 pence per share. The shares, acquired via Morgan Stanley on the London...
Business Operations and StrategyExecutive/Board Changes
Imperial Brands Board Member Jon Stanton Steps Down After Seven Years
Neutral
Mar 10, 2026
Imperial Brands has announced that Non-Executive Director Jon Stanton has stepped down from the board after nearly seven years of service, effective immediately. Chair Thérèse Esperdy praised Stanton for his significant contribution, hig...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Cancels New Tranche of Shares in Ongoing £1.45bn Buyback
Positive
Mar 10, 2026
Imperial Brands has repurchased 210,773 of its 10 pence ordinary shares on 9 March 2026 under its previously announced £1.45 billion share buyback programme, paying an average price of 3,154.39 pence per share. The shares, acquired via Morgan...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Mar 6, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 765,594 ordinary shares on 6 March 2026 at an average price of 3,143.08 pence per share. The shares, acquired via Morgan Stanley as an on-exchange transacti...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 662,265 Shares in Ongoing £1.45bn Buyback
Positive
Mar 5, 2026
Imperial Brands has continued execution of its £1.45 billion share repurchase programme, buying 662,265 ordinary shares on 5 March 2026 at an average price of 3,185 pence. The shares were acquired via Morgan Stanley on the London Stock Exchan...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
Mar 4, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 160,607 ordinary shares on 4 March 2026 at an average price of 3,248.54 pence per share. The shares, acquired via Morgan Stanley on the London S...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
Mar 3, 2026
Imperial Brands has continued executing its GBP 1.45 billion share buyback, repurchasing 641,958 ordinary shares on 3 March 2026 at an average price of 3,238.10 pence per share. The shares, bought via Morgan Stanley on the London Stock Exchange, w...
Regulatory Filings and Compliance
Imperial Brands Updates Market on Share Capital and Voting Rights
Neutral
Mar 2, 2026
Imperial Brands has disclosed that, as of 28 February 2026, its issued share capital stands at 851,109,894 ordinary shares of 10 pence each, of which 62,589,137 are held in treasury. This leaves a total of 788,520,757 voting rights, a key figure i...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Mar 2, 2026
Imperial Brands has continued its capital return strategy by repurchasing 17,066 ordinary shares on 2 March 2026 under its £1.45 billion share buyback programme, paying an average price of 3,295.13 pence per share. The transaction, executed v...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Buyback, Cuts Share Count Further
Positive
Feb 27, 2026
Imperial Brands has continued executing its GBP 1.45 billion share buyback programme, repurchasing 6,748 ordinary shares at an average price of 3,281.70 pence on 27 February 2026 for cancellation. The transaction, carried out via Morgan Stanley on...
Stock Buyback
Imperial Brands Cuts Share Count with Latest Buyback Tranche
Positive
Feb 26, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme by buying back 116,904 ordinary shares on 26 February 2026 at an average price of 3,262.19 pence per share. The transaction was conducted on-exchange via Mor...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback With New Share Cancellation
Positive
Feb 25, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, purchasing 335,652 ordinary shares for cancellation on 25 February 2026 at an average price of 3,245.18 pence, with Morgan Stanley acting as broker. Following settlement...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares in £1.45bn Buyback Programme
Positive
Feb 24, 2026
Imperial Brands has repurchased 500,691 ordinary shares on 24 February 2026 under its ongoing £1.45 billion share buyback programme, paying an average price of 3,264.72 pence per share through broker Morgan Stanley. The company will cancel th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Feb 23, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 597,332 ordinary shares on 23 February 2026 at an average price of 3,264.45 pence per share. The purchase, conducted via Morgan Stanley on the London...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 651,709 Shares Under £1.45bn Buyback
Positive
Feb 20, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 651,709 ordinary shares on 20 February 2026 at an average price of 3,233.77 pence per share. The transaction, conducted via Morgan Stanley on the London Sto...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.