lambert butler: The tobacco company's share price has slumped by almost 40% over the past year, putting it on track for its third annual decline in the past two decades, according to The Guardian. The share price of Imperial Brands, the maker of products including Lambert & Butler, Davidoff, Gauloises and John Player Special, dropped by more than 3%. The 25bn company, the No 1 player in the UK market, had about 600m stripped from its market value. Shares in BAT, the sixth-biggest company in the FTSE 100 and maker of brands including Lucky Strike, Dunhill, Rothmans and Benson & Hedges, fell by 10.6%, sending its market value plummeting from 76bn at close on Friday to 68bn at the end of trading on Monday. American tobacco companies also suffered. The US Food and Drug Administration will this week impose a ban on the sale of most flavoured e-cigarettes in tens of thousands of convenience stores and petrol stations across the US. The agency, which is trying to curb the huge increase in vaping among teenagers, will also bring in age-verification requirements for online sales. Philip Morris International, the manufacturer of the world's leading cigarette brand, Marlboro, and Altria Group, which runs Philip Morris brands including Marlboro in the US, were down by 1% and 1.9% respectively by lunchtime on the New York stock exchange.
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