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Imperial Brands
(LSE:IMB)
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Rating:65Neutral
Price Target:
3,093.00 p
▲(22.74% Upside)
Action:Reiterated
Date:08/20/26
The score is primarily driven by stable but mixed financial performance (good operating strength but higher leverage and weakened free-cash-flow trend). Valuation is attractive (moderate P/E and high dividend yield), and the earnings call supports the outlook with reiterated guidance and strong cash conversion, but the technical setup remains weak with the stock below major moving averages and bearish momentum.
Positive Factors
Strong cash generation
Strong cash generation and 98% conversion provide internal funding for dividends, buybacks, debt management, and investment in the nicotine portfolio. This supports financial resilience and gives management flexibility to execute its strategy without relying as heavily on external capital.
Negative Factors
Elevated financial leverage
Higher leverage increases the company’s dependence on debt financing and can reduce flexibility if operating conditions weaken. It may also constrain future investment or capital returns because more cash must remain available for interest, refinancing, and balance-sheet management.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong cash generation and 98% conversion provide internal funding for dividends, buybacks, debt management, and investment in the nicotine portfolio. This supports financial resilience and gives management flexibility to execute its strategy without relying as heavily on external capital.
Read all positive factors
Imperial Brands (IMB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£21.53B
Dividend Yield5.68%
Average Volume (3M)3.30M
Price to Earnings (P/E)13.5
Beta (1Y)0.39
Revenue Growth4.73%
EPS Growth-28.94%
CountryUK
Employees25,100
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)2.13
Shares Outstanding755,697,000
10 Day Avg. Volume4,584,744
30 Day Avg. Volume3,298,172
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
£3,200.00Price Target Upside26.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)3.72
Revenue Forecast (FY)£10.02B
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, the Americas, Africa, the Asia, Australasia, and internationally. It offers a range of cigarettes, tobac...
How the Company Makes Money
Imperial Brands makes money mainly by selling nicotine and tobacco products to wholesalers, distributors, and retailers (and, in some markets, via direct-to-retail routes). Its core revenue stream is combustible tobacco: the company generates sale...
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 | 3.74B | 4.26B | 4.14B | 4.25B | 4.93B | 4.44B |
| 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
Positive
2520.00
Price Trends
2580.77
Positive
2647.52
Positive
2778.42
Positive
Market Momentum
94.18
Negative
74.79
Negative
86.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:IMB, the sentiment is Positive. The current price of 2520 is below the 20-day moving average (MA) of 2711.40, below the 50-day MA of 2580.77, and below the 200-day MA of 2778.42, indicating a bullish trend. The MACD of 94.18 indicates Negative momentum. The RSI at 74.79 is Negative, neither overbought nor oversold. The STOCH value of 86.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
2,877.00
-1.41
-0.05%
GB:BATS
British American Tobacco
4,509.00
805.50
21.75%
Imperial Brands Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count as GBP 750m Buyback Progresses
Positive
Oct 19, 2026
Imperial Brands PLC has continued executing its previously announced GBP 750 million share buyback programme by purchasing 1,017,121 ordinary shares for cancellation between 12 and 16 October 2026. The purchases, conducted as on-exchange transacti...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 440,000 Shares Under GBP 750m Buyback
Positive
Oct 13, 2026
Imperial Brands PLC has repurchased 440,000 ordinary shares for cancellation as part of its previously announced GBP 750 million share buyback programme. The shares, bought via on-exchange transactions from HSBC Bank plc on 8 and 9 October 2026 at...
DividendsRegulatory Filings and Compliance
Imperial Brands Directors Boost Stakes Through Dividend Reinvestment
Neutral
Oct 8, 2026
Imperial Brands has disclosed that non-executive directors Susan Clark and Ngozi Edozien have both increased their holdings in the company through the reinvestment of dividends into ordinary shares. The purchases, executed via the London Stock Exc...
Business Operations and StrategyStock Buyback
Imperial Brands launches £750m buyback as part of £1.5bn capital return plan
Positive
Oct 8, 2026
Imperial Brands has launched a new share buyback tranche of up to £750 million as part of a wider plan to repurchase up to £1.5 billion of shares by late October 2027, supporting an evergreen buyback programme running to 2030 alongside i...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Lifts Payouts as Next-Gen Products Drive Sixth Year of Growth
Positive
Oct 8, 2026
Imperial Brands said it remains on track to meet its full-year 2026 guidance, reporting a sixth consecutive year of tobacco net revenue growth and double-digit gains in next-generation product sales, supported by pricing and share advances in core...
Business Operations and StrategyStock Buyback
Imperial Brands Completes Second Tranche of £1.45bn Share Buyback
Positive
Oct 7, 2026
Imperial Brands has completed the latest phase of its £1.45 billion share buyback, confirming the repurchase and planned cancellation of 572,743 ordinary shares on 6 October 2026 at an average price of 2,475.1968 pence. The transaction, execu...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Oct 6, 2026
Imperial Brands has continued executing its £1.45 billion share buyback programme by repurchasing 210,000 ordinary shares on 5 October 2026 at an average price of 2,449.4733 pence per share, with the trades conducted via Barclays on the Londo...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Reduces Share Count Further Under GBP 1.45bn Buyback
Positive
Oct 5, 2026
Imperial Brands PLC has continued executing its previously announced GBP 1.45 billion share repurchase programme by buying 210,000 ordinary shares of 10 pence each on 02 October 2026 for cancellation. The shares, acquired on-exchange via Barclays ...
Business Operations and StrategyStock Buyback
Imperial Brands Continues £1.45bn Share Buyback, Cuts Share Count
Positive
Oct 2, 2026
Imperial Brands PLC has continued execution of its £1.45 billion share repurchase programme, buying back 210,000 ordinary shares on 1 October 2026 at an average price of 2,431.9434 pence per share. The shares, acquired on exchange through Bar...
Regulatory Filings and Compliance
Imperial Brands Updates Share Capital and Voting Rights Ahead of FCA Disclosures
Neutral
Oct 1, 2026
Imperial Brands has reported that its issued share capital at 30 September 2026 comprised 817,823,776 ordinary shares of 10 pence each, with 58,089,137 shares held in treasury. As a result, the total number of voting rights in the company stands a...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels New Tranche of Shares in Ongoing £1.45bn Buyback
Positive
Sep 30, 2026
Imperial Brands has continued its GBP 1.45 billion share buyback, repurchasing 210,000 ordinary shares on 30 September 2026 at an average price of GBp 2,458.6298, with Barclays Capital Securities executing the on-exchange transaction. The company ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Sep 30, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 190,000 ordinary shares on 29 September 2026 at an average price of 2,455.0725 pence per share. The shares, acquired via Barclays Capital Securi...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Sep 29, 2026
Imperial Brands has continued execution of its £1.45 billion share repurchase programme, buying 199,457 ordinary shares of 10 pence each on 28 September 2026 at an average price of 2,459.0018 pence per share. The repurchased shares, acquired ...
Other
Imperial Brands Director Abbe Luersman Buys ADRs on U.S. OTC Market
Positive
Sep 28, 2026
Imperial Brands has disclosed that non-executive director Abbe Luersman purchased 1,220 American depositary receipts in the company on 25 September 2026 at a price of $32.3925 per receipt. The transaction, conducted on the U.S. OTC market, signals...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Buyback, Cuts Share Count Below 760 Million
Positive
Sep 28, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme by buying back 266,947 ordinary shares on 25 September 2026 at an average price of 2,445.1131 pence per share, with Barclays Capital Securities acting as bro...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 150,000 Shares Under Ongoing £1.45bn Buyback
Positive
Sep 25, 2026
Imperial Brands PLC has continued execution of its £1.45 billion share buyback programme, repurchasing 150,000 ordinary shares on 24 September 2026 at an average price of 2,480.0775 pence per share. The shares, acquired via Barclays as an on-...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Reduces Share Count with Latest Buyback Under GBP 1.45bn Programme
Positive
Sep 24, 2026
Imperial Brands PLC has repurchased and will cancel 400,000 ordinary shares of 10 pence each as part of its ongoing GBP 1.45 billion share buyback programme launched in October 2025. The shares, bought on 23 September 2026 through Barclays at an a...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Tightens Share Base with Latest Buyback and Cancellation
Positive
Sep 23, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 120,000 ordinary shares on 22 September 2026 at an average price of 2,471.7156 pence per share through Barclays, with the shares to be cancelled...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Batch of Shares in Ongoing £1.45bn Buyback
Positive
Sep 22, 2026
Imperial Brands has continued executing its £1.45 billion share buyback, repurchasing 343,711 ordinary shares on 21 September 2026 at an average price of 2,481.5832 pence per share through Barclays Capital Securities. The company plans to can...
Business Operations and StrategyStock Buyback
Imperial Brands Tightens Share Count With Latest Buyback Tranche
Positive
Sep 21, 2026
Imperial Brands PLC has continued its GBP 1.45 billion share repurchase programme, buying 320,000 ordinary shares on 18 September 2026 for cancellation. The purchases, executed via Barclays Capital Securities at an average price of GBp 2,491.3448 ...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Continues Buyback, Cuts Share Count to 761.5 Million
Positive
Sep 18, 2026
Imperial Brands has continued its £1.45 billion share repurchase programme by buying 196,287 ordinary shares for cancellation on 17 September 2026 at an average price of 2,506.79 pence, with Barclays acting as broker. Following this latest tr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 200,000 Shares Under £1.45bn Buyback
Positive
Sep 17, 2026
Imperial Brands PLC has continued executing its previously announced £1.45 billion share repurchase programme by buying 200,000 ordinary shares on 16 September 2026 for cancellation. The shares were acquired via Barclays Capital Securities Li...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Reduces Share Count with Latest Buyback Cancellation
Positive
Sep 16, 2026
Imperial Brands has continued its share repurchase strategy, buying 344,821 ordinary shares on 15 September 2026 under its £1.45 billion buyback programme and intending to cancel them. Following this latest transaction executed via Barclays o...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buyback, Updates Share Count
Positive
Sep 15, 2026
Imperial Brands PLC has continued executing its previously announced GBP 1.45 billion share repurchase programme, buying back 4,986 ordinary shares on 14 September 2026 for cancellation. The shares were acquired via Barclays Capital Securities on ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 100,000 Shares Under Ongoing Buyback Programme
Positive
Sep 14, 2026
Imperial Brands has continued executing its GBP 1.45 billion share buyback, repurchasing 100,000 ordinary shares on 11 September 2026 at an average price of GBp 2,496.5849. The shares, bought via Barclays Capital Securities on the London Stock Exc...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Newly Repurchased Shares Under Ongoing Buyback
Positive
Sep 11, 2026
Imperial Brands PLC has continued its GBP 1.45 billion share buyback programme by repurchasing 175,000 ordinary shares on 10 September 2026 at an average price of 2,463.0163 pence per share. The shares, acquired via Barclays Capital Securities on ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 230,000 Shares in Ongoing £1.45bn Buyback
Positive
Sep 10, 2026
Imperial Brands PLC has repurchased 230,000 of its 10 pence ordinary shares on 9 September 2026 as part of its £1.45 billion share buyback programme, at an average price of 2,456.1811 pence per share. The shares, acquired via Barclays Capital...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Tightens Equity Base with Ongoing Share Buyback
Positive
Sep 9, 2026
Imperial Brands has continued executing its GBP 1.45 billion share buyback, repurchasing 140,000 ordinary shares on 8 September 2026 at an average price of GBp 2,474.1680 for cancellation. The transaction, conducted via Barclays Capital Securities...
Business Operations and StrategyStock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Share Buyback With New Cancellation
Positive
Sep 8, 2026
Imperial Brands has continued to execute its previously announced £1.45 billion share repurchase programme, buying back 210,000 ordinary shares on 7 September 2026 at an average price of 2,487.1055 pence per share. The shares were acquired vi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Reduces Share Count with Ongoing £1.45bn Buyback
Positive
Sep 7, 2026
Imperial Brands has continued execution of its GBP 1.45 billion share repurchase programme by buying back 370,000 ordinary shares on 4 September 2026 at an average price of GBp 2,496.3129, with the shares to be cancelled. Following this latest on-...
Executive/Board ChangesRegulatory Filings and Compliance
Imperial Brands Discloses New External Board Role for Senior Independent Director
Neutral
Sep 7, 2026
Imperial Brands PLC has disclosed a change in the external responsibilities of its senior independent director, underscoring its ongoing adherence to U.K. listing and governance rules. The tobacco group, which operates internationally across regul...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count With Latest Buyback Tranche
Positive
Sep 4, 2026
Imperial Brands PLC has repurchased 200,000 of its ordinary shares at an average price of GBp 2,517.8254 as part of its ongoing GBP 1.45 billion share buyback programme. The shares were acquired on 3 September 2026 via an on-exchange transaction h...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 300,000 Shares in Ongoing £1.45bn Buyback
Positive
Sep 3, 2026
Imperial Brands has repurchased 300,000 of its 10 pence ordinary shares on 2 September 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,512.5431 pence per share through Barclays Capital Securitie...
Business Operations and StrategyStock Buyback
Imperial Brands Reduces Share Count with Ongoing £1.45bn Buyback
Positive
Sep 2, 2026
Imperial Brands has continued executing its previously announced £1.45 billion share repurchase programme, buying 141,440 ordinary shares on 1 September 2026 at an average price of 2,537.0314 pence per share. The shares, acquired via Barclays...
Regulatory Filings and Compliance
Imperial Brands Updates Share Capital and Voting Rights Structure
Neutral
Sep 1, 2026
Imperial Brands has reported that, as of 28 August 2026, its issued share capital comprises 822,693,742 ordinary shares of 10 pence each, with 58,089,137 of these held in treasury and therefore excluded from voting. Following this adjustment, the ...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels New Batch of Shares in GBP 1.45bn Buyback
Positive
Aug 28, 2026
Imperial Brands has repurchased 247,969 ordinary shares of 10 pence each on 28 August 2026 as part of its ongoing GBP 1.45 billion share buyback programme, paying an average price of 2,521.7063 pence per share. The transaction was executed on exch...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback With Fresh Share Cancellation
Positive
Aug 28, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 209,348 ordinary shares on 27 August 2026 at an average price of 2,527.8985 pence per share. The shares, acquired via Barclays on the London Sto...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under GBP 1.45bn Buyback
Positive
Aug 27, 2026
Imperial Brands has continued to execute its previously announced GBP 1.45 billion share repurchase programme, buying 112,981 ordinary shares on 26 August 2026 for cancellation. The shares, acquired via Barclays at an average price of GBp 2,523.94...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buyback, Trims Share Count
Positive
Aug 25, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme with the buyback and planned cancellation of 200,000 ordinary shares on 25 August 2026. The shares were acquired via Barclays at an average price of GBp 2,517....
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Tightens Share Capital with Latest Buyback Tranche
Positive
Aug 25, 2026
Imperial Brands PLC has continued executing its GBP 1.45 billion share repurchase programme, buying 114,422 ordinary shares on 24 August 2026 for cancellation. The shares were acquired on exchange from Barclays at an average price of 2,501.6719 pe...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count Further Under £1.45bn Buyback
Positive
Aug 24, 2026
Imperial Brands PLC has continued executing its GBP 1.45 billion share repurchase programme by buying 244,746 ordinary shares on 21 August 2026 for cancellation, at an average price of about 2,505 pence per share. The transaction, conducted via Ba...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 550,000 Shares Under £1.45bn Buyback
Positive
Aug 21, 2026
Imperial Brands has continued executing its £1.45 billion share buyback programme, repurchasing 550,000 ordinary shares on 20 August 2026 at an average price of 2,497.1584 pence per share. The shares, bought via Barclays Capital Securities on...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Share Buyback, Cancels 160,000 Shares
Positive
Aug 20, 2026
Imperial Brands PLC has continued its share repurchase programme, buying 160,000 ordinary shares for cancellation on 19 August 2026 at an average price of GBp 2,557.8984. The transaction, executed through Barclays Capital Securities on the London ...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 330,000 Shares in Ongoing Buyback Programme
Positive
Aug 19, 2026
Imperial Brands has continued execution of its GBP 1.45 billion share repurchase programme, buying back 330,000 ordinary shares on 18 August 2026 at an average price of about 2,575 pence per share. The shares were acquired via Barclays Capital Sec...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Fresh Tranche of Shares in Ongoing Buyback
Positive
Aug 18, 2026
Imperial Brands PLC has repurchased 373,817 ordinary shares at an average price of GBp 2,588.0431 as part of its ongoing GBP 1.45 billion share buyback programme announced in 2025. The shares, acquired via Barclays on the London Stock Exchange, wi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 260,000 Shares in Ongoing £1.45bn Buyback
Positive
Aug 17, 2026
Imperial Brands has continued its ongoing £1.45 billion share repurchase programme by buying back 260,000 ordinary shares on 14 August 2026 at an average price of 2,606.9156 pence per share, with Barclays acting as broker. The company intends...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Aug 14, 2026
Imperial Brands has repurchased 113,959 ordinary shares of 10 pence each as part of its £1.45 billion share buyback programme launched in October 2025. The shares were acquired on 13 August 2026 through Barclays Capital Securities at an avera...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Aug 13, 2026
Imperial Brands has continued execution of its £1.45 billion share buyback programme, repurchasing 370,496 ordinary shares on 12 August 2026 at an average price of 2,609.2021 pence each. The company intends to cancel these shares, reducing th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With Latest Share Cancellation
Positive
Aug 12, 2026
Imperial Brands PLC has continued to execute its GBP 1.45 billion share repurchase programme, buying 324,614 ordinary shares on 11 August 2026 at an average price of GBp 2,636.7024 for cancellation. The transaction, conducted via Barclays Capital ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 1 Million Shares in Ongoing GBP 1.45bn Buyback
Positive
Aug 11, 2026
Imperial Brands PLC has continued execution of its GBP 1.45 billion share repurchase programme, buying 1,000,000 ordinary shares for cancellation on 10 August 2026 at an average price of GBp 2,669.7455. The purchases, conducted via Barclays on the...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Aug 10, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme, buying 14,593 ordinary shares on 7 August 2026 at an average price of GBp 2,767.3239. The shares, acquired via Barclays Capital Securities on the London Stock...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Tightens Share Base with Latest Buyback
Positive
Aug 7, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme with the buyback and planned cancellation of 86,051 ordinary shares on 6 August 2026. The shares, acquired via Barclays at an average price of 2,747.8853 pen...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count with Further Buyback Execution
Positive
Aug 6, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 280,000 ordinary shares for cancellation on 5 August 2026 at an average price of 2,744.0774 pence per share. The shares were acquired via Barclays Ca...
Business Operations and StrategyStock Buyback
Imperial Brands Advances £1.45bn Buyback With Share Cancellation
Positive
Aug 5, 2026
Imperial Brands PLC has continued executing its GBP 1.45 billion share buyback programme by repurchasing 393,806 ordinary shares on 4 August 2026 for cancellation. The shares were acquired via Barclays on the London Stock Exchange at an average pr...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Capital With Fresh Buyback
Positive
Aug 4, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme, buying 360,000 ordinary shares for cancellation on 3 August 2026 at an average price of GBp 2,782.6825, with Barclays acting as broker in an on-exchange Londo...
Regulatory Filings and Compliance
Imperial Brands Updates Market on Voting Rights and Share Capital
Neutral
Aug 3, 2026
Imperial Brands has reported that its issued share capital as of 31 July 2026 comprises 828,732,658 ordinary shares of 10 pence each, with 58,089,137 of these held in treasury and therefore not carrying voting rights. This leaves a total of 770,64...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Share Buyback, Updates Share Count
Positive
Aug 3, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme by buying back 329,431 ordinary shares on 31 July 2026 at an average price of 2,800.4162 pence each, with Barclays Capital Securities acting as broker. The com...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buyback, Cuts Share Count to 770.2m
Positive
Jul 31, 2026
Imperial Brands PLC has continued executing its previously announced GBP 1.45 billion share repurchase programme by buying back and cancelling 420,000 ordinary shares on 30 July 2026. The transaction was carried out via Barclays Capital Securities...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buyback, Updates Share Count
Positive
Jul 31, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme with the on‑exchange purchase and cancellation of 429 ordinary shares on 29 July 2026 at an average price of GBp 2,869.2564. The shares were acquired thr...
Business Operations and Strategy
Imperial Brands Moves 4.5 Million Treasury Shares to Employee Trust
Neutral
Jul 30, 2026
Imperial Brands has transferred 4.5 million ordinary shares from treasury to the Imperial Tobacco Group Employee Executive Benefit Trust. The shares, gifted on 28 July, will be used to satisfy awards under the company’s employee share plans...
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.
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