Imperial Brands (GB:IMB)
LSE:IMB
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Imperial Brands
(LSE:IMB)
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Rating:74Outperform
Price Target:
3,142.00 p
▲(13.16% Upside)
Action:ReiteratedDate:12/12/25
Imperial Brands scores well due to strong earnings call performance and positive technical indicators. Financial performance is stable but requires careful management of debt and cash flow. The attractive valuation further supports the stock's potential, despite some regulatory challenges.
Positive Factors
Next-Generation Products (NGP) Growth
Double-digit NGP growth reflects durable diversification away from combustibles. NGPs generate recurring consumable revenue and support margin resilience as consumers migrate to alternate nicotine forms. Strong share gains, notably in the U.S. Zone product, bolster medium-term revenue mix improvement and reduce single-product reliance.
Negative Factors
Elevated leverage
A debt-to-equity ratio above 2x signals high financial leverage that constrains flexibility. If earnings or cash flow weaken, interest obligations and refinancing risk could pressure investment in NGP, limit maneuvering for M&A, and make meeting capital return commitments more difficult over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Next-Generation Products (NGP) Growth
Double-digit NGP growth reflects durable diversification away from combustibles. NGPs generate recurring consumable revenue and support margin resilience as consumers migrate to alternate nicotine forms. Strong share gains, notably in the U.S. Zone product, bolster medium-term revenue mix improvement and reduce single-product reliance.
Read all positive factors
Imperial Brands (IMB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£21.96B
Dividend Yield5.57%
Average Volume (3M)1.87M
Price to Earnings (P/E)5.2
Beta (1Y)0.27
Revenue Growth2.69%
EPS Growth-16.50%
CountryUK
Employees25,600
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)2.01
Shares Outstanding777,509,640
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
£3,392.86Price Target Upside22.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)3.36
Revenue Forecast (FY)£10.07B
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:Nov 18, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong performance with notable revenue growth, successful capital returns, and strategic advancements in the NGP segment. However, there are challenges in the European vape market and regulatory uncertainties that need to be addressed. Overall, the company shows confidence in its strategy and future growth potential.Positive Updates
Strong Revenue Growth
The company reported a revenue growth of more than 4% and an improvement of more than 9% in earnings per share. This was supported by strong cash flow, increased dividends, and ongoing share buybacks.
Negative Updates
Challenges in European Vape Market
NGP revenue growth in Europe slowed due to regulatory changes affecting the transition from disposable vapes to reusable pod-based systems.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth
The company reported a revenue growth of more than 4% and an improvement of more than 9% in earnings per share. This was supported by strong cash flow, increased dividends, and ongoing share buybacks.
Read all positive updates
Company Guidance
During the call, Imperial Brands provided comprehensive guidance for fiscal year 2026, emphasizing continued investment to support low single-digit tobacco net revenue growth and double-digit growth in next-generation products (NGP) on a constant currency basis. The company reported a 4% revenue growth and a 9% improvement in earnings per share (EPS) for fiscal year 2025. The adjusted operating profit grew by 4.6%, with strong cash flow supporting material increases in both dividends and share buybacks. Imperial Brands aims for total capital returns exceeding GBP 2.7 billion in fiscal year 2026, with expectations of group adjusted operating profit growth in the 3% to 5% range. Additionally, they plan to maintain leverage at the lower end of the 2 to 2.5 times range and forecast at least GBP 2.2 billion in free cash flow generation. The company remains committed to delivering high single-digit EPS growth and announced a GBP 1.45 billion share buyback for fiscal year 2026.Imperial Brands Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
60
Neutral
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 32.17B | 32.41B | 32.48B | 32.55B | 32.79B |
| Gross Profit | 7.00B | 6.78B | 6.68B | 6.04B | 6.03B |
| EBITDA | 4.37B | 4.14B | 4.25B | 4.93B | 4.58B |
| Net Income | 2.07B | 2.61B | 2.33B | 1.57B | 2.83B |
Balance Sheet | |||||
| Total Assets | 28.71B | 27.83B | 29.49B | 30.96B | 29.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.44B | 1.08B | 1.34B | 1.85B | 1.29B |
| Total Debt | 10.00B | 9.08B | 9.73B | 10.26B | 10.07B |
| Total Liabilities | 23.28B | 21.80B | 22.85B | 23.48B | 23.15B |
| Stockholders Equity | 4.82B | 5.44B | 6.02B | 6.86B | 5.35B |
Cash Flow | |||||
| Free Cash Flow | 2.86B | 3.27B | 2.95B | 2.58B | 1.57B |
| Operating Cash Flow | 3.24B | 3.31B | 3.13B | 2.83B | 1.77B |
| Investing Cash Flow | -415.00M | -348.00M | -437.00M | -163.00M | 695.00M |
| Financing Cash Flow | -2.52B | -3.16B | -2.63B | -2.15B | -2.79B |
Imperial Brands Technical Analysis
Negative
2776.50
Price Trends
3142.69
Negative
3117.17
Negative
3042.78
Negative
Market Momentum
-74.95
Positive
25.60
Positive
3.48
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 below the 20-day moving average (MA) of 3024.63, below the 50-day MA of 3142.69, and below the 200-day MA of 3042.78, indicating a bearish trend. The MACD of -74.95 indicates Positive momentum. The RSI at 25.60 is Positive, neither overbought nor oversold. The STOCH value of 3.48 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
2,835.50
-159.89
-5.34%
GB:BATS
British American Tobacco
4,390.00
1,289.71
41.60%
Imperial Brands Corporate Events
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...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 474,606 Shares Under £1.45bn Buyback Programme
Positive
Feb 19, 2026
Imperial Brands has repurchased 474,606 of its 10 pence ordinary shares on 19 February 2026 as part of its previously announced £1.45 billion share buyback programme, paying an average price of 3,210.90 pence per share. The shares, acquired v...
Business Operations and StrategyExecutive/Board Changes
Imperial Brands Sets 2026 LTIP Awards Tied to Financial and ESG Targets
Positive
Feb 17, 2026
Imperial Brands has granted its 2026 Long Term Incentive Plan awards to senior executives, including CEO Lukas Paravicini and CFO Murray McGowan, in the form of conditional awards over ordinary shares. The vesting of these awards will depend on pe...
Executive/Board ChangesRegulatory Filings and Compliance
Imperial Brands Executives Exercise LTIP Options and Sell Shares for Tax
Neutral
Feb 17, 2026
Imperial Brands has disclosed that chief executive officer Lukas Paravicini and chief financial officer Murray McGowan exercised nil‑cost share options granted under the group’s long‑term incentive plan in February 2023, resultin...
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.
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