Imperial Brands Stock News

Imperial Brands PLC (LSE:IMB), the tobacco group, has launched the first £750 million tranche of a planned £1.5 billion share buyback programme running to October 2027. The company said the wider programme forms part of its commitment to an ongoing buyback programme through to 2030, alongside its progressive dividend policy.

The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027.

Bank of America has upgraded Imperial Brands PLC (LSE:IMB) to 'buy' from 'neutral', arguing the market has overreacted to a collapse in the tobacco group's Australian business. The bank kept its price objective at 3,200p, implying around 20% upside, and said the roughly 13% share price fall since April offers an attractive entry point.

The U.S. Food and Drug Administration proposed a rule on Friday that would require foreign tobacco product makers to ​register their facilities and list products sold in the country.