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Imperial Brands
(LSE:IMB)
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Rating:65Neutral
Price Target:
2,765.00 p
▲(9.72% 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
Pricing power supports tobacco revenue
Pricing that more than offsets volume declines indicates strong brand equity and market execution. Sustained price/mix benefits can protect tobacco revenue and margins as mature-market consumption gradually contracts.
Negative Factors
Elevated leverage and low equity funding
Higher leverage reduces financial flexibility and increases sensitivity to refinancing costs, earnings volatility and regulatory shocks. It may also constrain investment or shareholder returns if operating conditions weaken over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Pricing power supports tobacco revenue
Pricing that more than offsets volume declines indicates strong brand equity and market execution. Sustained price/mix benefits can protect tobacco revenue and margins as mature-market consumption gradually contracts.
Read all positive factors
Imperial Brands (IMB) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£19.30B
Dividend Yield6.49%
Average Volume (3M)3.47M
Price to Earnings (P/E)11.8
Beta (1Y)0.29
Revenue Growth4.73%
EPS Growth-28.94%
CountryUK
Employees25,100
SectorConsumer Defensive
Sector Strength42
IndustryTobacco
Share Statistics
EPS (TTM)2.13
Shares Outstanding764,147,300
10 Day Avg. Volume2,473,085
30 Day Avg. Volume3,469,539
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
£3,300.00Price Target Upside30.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.3
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, 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 tobacco and nicotine products to wholesalers, distributors, and retailers, generating revenue from the volume of products sold and the net pricing it achieves after accounting for trade terms (e.g., re...
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 | 4.37B | 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
2520.00
Price Trends
2673.03
Negative
2695.85
Negative
2864.88
Negative
Market Momentum
-47.86
Negative
40.34
Neutral
49.79
Neutral
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 2520 is below the 20-day moving average (MA) of 2568.73, below the 50-day MA of 2673.03, and below the 200-day MA of 2864.88, indicating a bearish trend. The MACD of -47.86 indicates Negative momentum. The RSI at 40.34 is Neutral, neither overbought nor oversold. The STOCH value of 49.79 is Neutral, 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
2,518.00
-398.24
-13.66%
GB:BATS
British American Tobacco
4,126.00
263.07
6.81%
Imperial Brands Corporate Events
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...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Jul 28, 2026
Imperial Brands has repurchased 164,488 of its 10 pence ordinary shares on 27 July 2026 as part of its £1.45 billion share buyback programme, at an average price of 2,803.4883 pence per share. The transaction, conducted via Barclays Capital S...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Jul 27, 2026
Imperial Brands PLC has continued executing its previously announced £1.45 billion share repurchase programme, buying back 218,190 ordinary shares on 24 July 2026 at an average price of 2,806.1068 pence per share. The shares, acquired via Bar...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Jul 24, 2026
Imperial Brands has repurchased and will cancel 180,000 ordinary shares as part of its ongoing £1.45 billion share buyback programme, executed via Barclays on the London Stock Exchange at an average price of 2,794.1857 pence per share. Follow...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 250,000 Shares in Ongoing £1.45bn Buyback
Positive
Jul 23, 2026
Imperial Brands has continued its ongoing £1.45 billion share repurchase programme by buying 250,000 ordinary shares on 22 July 2026 at an average price of 2,812.6075 pence per share, with Barclays acting as broker. The company plans to cance...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues Share Buybacks, Cuts Share Count Further
Positive
Jul 22, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 167,259 ordinary shares on 21 July 2026 at an average price of 2,810.8518 pence and intends to cancel them, thereby reducing its share count. Followi...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback
Positive
Jul 16, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme by buying back 24,602 ordinary shares on 16 July 2026 at an average price of 2,732.2520 pence per share, with Barclays acting as broker. The company will can...
Business Operations and StrategyStock Buyback
Imperial Brands Advances £1.45bn Buyback with Further Share Cancellations
Positive
Jul 16, 2026
Imperial Brands has continued execution of its £1.45 billion share buyback programme by repurchasing 9,461 ordinary shares on 15 July 2026 at an average price of 2,685.8344 pence per share, with Barclays acting as broker. The company will can...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels New Share Tranche Under £1.45bn Buyback
Positive
Jul 15, 2026
Imperial Brands has continued executing its previously announced GBP 1.45 billion share repurchase programme, buying 220,496 ordinary shares on 14 July 2026 for cancellation at an average price of 2,666.5996 pence per share. The shares were acquir...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Share Buyback With New Share Cancellation
Positive
Jul 13, 2026
Imperial Brands PLC has continued executing its previously announced £1.45 billion share repurchase programme, buying 343,290 ordinary shares on 13 July 2026 for cancellation. The shares, purchased via Barclays at an average price of 2,689.88...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Jul 10, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme, buying 435,967 ordinary shares on 10 July 2026 at an average price of GBp 2,714.7993. The shares were acquired via Barclays Capital Securities as an on-exchan...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count as Buyback Programme Advances
Positive
Jul 9, 2026
Imperial Brands has continued to execute its GBP 1.45 billion share repurchase programme, buying back 246,617 ordinary shares on 9 July 2026 at an average price of 2,749.3441 pence and intending to cancel them. The transaction, conducted via Barcl...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback with Further Share Cancellation
Positive
Jul 9, 2026
Imperial Brands has repurchased and cancelled 394,602 ordinary shares as part of its ongoing £1.45 billion share buyback programme, executed via Barclays on the London Stock Exchange at an average price of 2,754.8299 pence per share. Followin...
DividendsRegulatory Filings and Compliance
Imperial Brands Directors Reinvest Dividends Into Company Shares
Positive
Jul 8, 2026
Imperial Brands has disclosed stock transactions by non-executive directors Susan Clark and Ngozi Edozien under regulatory rules for persons discharging managerial responsibilities. Both executives acquired ordinary shares through a dividend reinv...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Fresh Tranche of Shares Under £1.45bn Buyback
Positive
Jul 7, 2026
Imperial Brands has continued executing its previously announced £1.45 billion share repurchase programme, buying back 35,356 ordinary shares on 7 July 2026 at an average price of 2,773.2206 pence per share. The shares, acquired via Barclays ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Share Buyback With Fresh Cancellation
Positive
Jul 7, 2026
Imperial Brands PLC has continued executing its £1.45 billion share repurchase programme with the on-market buyback and planned cancellation of 394,983 ordinary shares on 6 July 2026. The shares, purchased via Barclays at an average price of ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances GBP 1.45bn Buyback With Fresh Share Cancellation
Positive
Jul 3, 2026
Imperial Brands has continued execution of its previously announced GBP 1.45 billion share repurchase programme, buying 133,510 ordinary shares on 3 July 2026 at an average price of about 2,800.52 pence per share in an on-exchange transaction arra...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Reduces Share Count with Latest Buyback Tranche
Positive
Jul 2, 2026
Imperial Brands PLC has continued executing its previously announced GBP 1.45 billion share repurchase programme, buying 337,327 ordinary shares on 1 July 2026 for cancellation. The shares, acquired on-exchange through Barclays at an average price...
Regulatory Filings and Compliance
Imperial Brands Updates Market on Voting Rights and Share Capital
Neutral
Jul 1, 2026
Imperial Brands has reported that, as of 30 June 2026, its issued share capital stands at 832,670,808 ordinary shares of 10 pence each, with 62,589,137 of these held in treasury and therefore not carrying voting rights. This leaves a total of 770,...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances Buyback With Further Share Cancellation
Positive
Jun 30, 2026
Imperial Brands PLC has continued its ongoing GBP 1.45 billion share repurchase programme by buying 10,130 ordinary shares on 30 June 2026 for cancellation. The shares, each with a nominal value of 10 pence, were acquired on the London Stock Excha...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Shares Under £1.45bn Buyback Programme
Positive
Jun 30, 2026
Imperial Brands has continued executing its previously announced £1.45 billion share repurchase programme, buying 371,443 ordinary shares for cancellation on 29 June 2026 at an average price of 2,763.6348 pence per share. The transaction, con...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares in Ongoing £1.45bn Buyback
Positive
Jun 29, 2026
Imperial Brands has continued its ongoing £1.45 billion share buyback programme, repurchasing 160,923 ordinary shares on 26 June 2026 at an average price of 2,789.262 pence per share. The transaction, executed via Barclays Capital Securities,...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Cuts Share Count with Latest Buyback Tranche
Positive
Jun 26, 2026
Imperial Brands has repurchased 228,058 ordinary shares at an average price of 2,773.7461 pence each as part of its £1.45 billion share buyback programme, with all shares bought via Barclays Capital Securities on the London Stock Exchange and...
Business Operations and StrategyStock Buyback
Imperial Brands Continues Share Buyback, Trimming Share Count Further
Positive
Jun 25, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 3,257 ordinary shares for cancellation on 24 June 2026 at an average price of 2,759.3374 pence per share. The transaction, conducted via Barclays on ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Jun 23, 2026
Imperial Brands has continued executing its GBP 1.45 billion share repurchase programme by buying back 113,070 ordinary shares on 23 June 2026 at an average price of 2,747.7065 pence per share. The shares, acquired via Barclays in an on-exchange t...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
Jun 23, 2026
Imperial Brands has repurchased 230,000 ordinary shares at an average price of 2,735.9699 pence per share as part of its £1.45 billion share buyback programme and intends to cancel them. Following this latest transaction, the company’s ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With New Share Cancellation
Positive
Jun 22, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying 320,000 ordinary shares on 19 June 2026 at an average price of 2,740.48 pence per share and intending to cancel them. The transaction, conducted via ...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 300,000 Shares Under £1.45bn Buyback
Positive
Jun 19, 2026
Imperial Brands has repurchased 300,000 ordinary shares for cancellation as part of its £1.45 billion share buyback programme, paying an average of 2,759.4787 pence per share in an on-exchange transaction executed by Barclays Capital Securiti...
Business Operations and StrategyStock BuybackFinancial Disclosures
Imperial Brands Cancels 250,000 Shares in Ongoing £1.45bn Buyback
Positive
Jun 18, 2026
Imperial Brands has repurchased 250,000 ordinary shares of 10 pence each on 17 June 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,777.5964 pence per share in an on-exchange transaction execute...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cuts Share Count with Latest Buyback Tranche
Positive
Jun 17, 2026
Imperial Brands has continued executing its £1.45 billion share buyback programme, repurchasing 193,314 ordinary shares on 16 June 2026 at an average price of 2,802.4403 pence and intends to cancel all of these shares. Following settlement an...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 150,000 Shares in Ongoing £1.45bn Buyback
Positive
Jun 16, 2026
Imperial Brands has continued its ongoing £1.45 billion share buyback programme by repurchasing 150,000 ordinary shares on 15 June 2026 at an average price of 2,795.3675 pence per share, via Barclays Capital Securities. The company plans to c...
Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Imperial Brands Cancels 270,000 Shares in Ongoing £1.45bn Buyback
Positive
Jun 12, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 270,000 ordinary shares on 12 June 2026 at an average price of 2,797.5322 pence, with the shares to be cancelled. The transaction, conducted via...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares Under £1.45bn Buyback
Positive
Jun 10, 2026
Imperial Brands has repurchased 134,702 of its 10 pence ordinary shares on 10 June 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,759.8887 pence per share. The shares, acquired via Barclays as ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 270,000 Shares Under £1.45bn Buyback
Positive
Jun 10, 2026
Imperial Brands has repurchased 270,000 of its 10 pence ordinary shares on 9 June 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,747.7741 pence per share through Barclays Capital Securities. Th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Continues £1.45bn Buyback, Cuts Share Count Further
Positive
Jun 8, 2026
Imperial Brands has repurchased and will cancel 5,469 ordinary shares as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,705.9499 pence per share in a transaction executed by Barclays Capital Securities...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels 160,000 Shares in Ongoing £1.45bn Buyback
Positive
Jun 4, 2026
Imperial Brands has repurchased 160,000 ordinary shares on 4 June 2026 under its £1.45 billion share buyback programme, paying an average price of 2,685.5871 pence per share, with Barclays Capital Securities acting as broker. The company will...
Business Operations and StrategyStock Buyback
Imperial Brands Advances £1.45bn Buyback With Further Share Cancellation
Positive
Jun 3, 2026
Imperial Brands has continued its £1.45 billion share repurchase programme with the purchase and planned cancellation of 150,895 ordinary shares on 3 June 2026, at an average price of 2,677.86 pence per share. The buyback, executed via Barcla...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 338,217 Shares in Ongoing GBP 1.45bn Buyback
Positive
Jun 2, 2026
Imperial Brands has repurchased 338,217 ordinary shares of 10 pence each on 2 June 2026 as part of its previously announced GBP 1.45 billion share buyback programme, paying an average price of GBp 2,649.8997 per share through Barclays Capital Secu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Advances £1.45bn Buyback With Fresh Share Cancellation
Positive
Jun 1, 2026
Imperial Brands has continued executing its £1.45 billion share repurchase programme, buying back 307,797 ordinary shares on 1 June 2026 at an average price of 2,695.3956 pence per share. The shares, acquired via Barclays Capital Securities o...
Regulatory Filings and Compliance
Imperial Brands Updates Share Capital and Voting Rights Totals
Neutral
Jun 1, 2026
Imperial Brands PLC has reported that, as of 29 May 2026, its issued share capital comprised 836,916,510 ordinary shares of 10 pence each, with 62,589,137 of those shares held in treasury. This leaves a total of 774,327,373 voting rights in the co...
Stock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 400,000 Shares in Ongoing £1.45bn Buyback
Positive
May 29, 2026
Imperial Brands has repurchased 400,000 ordinary shares of 10 pence each on 29 May 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average of 2,726.36 pence per share through Barclays as broker. The company intend...
Stock BuybackFinancial Disclosures
Imperial Brands Cancels 260,000 Shares in Ongoing £1.45bn Buyback
Positive
May 28, 2026
Imperial Brands PLC has repurchased 260,000 ordinary shares at an average price of 2,773.1204 pence per share as part of its £1.45 billion share buyback programme and intends to cancel these shares. Following this latest transaction, which wa...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 220,000 Shares in Ongoing Buyback Programme
Positive
May 28, 2026
Imperial Brands has repurchased and cancelled 220,000 ordinary shares as part of its ongoing GBP 1.45 billion share buyback programme, paying an average price of 2,790.0112 pence per share. The transaction, executed through Barclays on 27 May 2026...
Business Operations and StrategyM&A Transactions
Imperial Brands Buys Black Buffalo to Bolster U.S. Oral Nicotine Portfolio
Positive
May 27, 2026
Imperial Brands has acquired Black Buffalo, a U.S. modern oral nicotine business known for its smokeless tobacco alternative long cut and pouch products, in a deal worth an initial $150 million plus performance-based deferred payments. The move br...
Business Operations and StrategyStock Buyback
Imperial Brands Cancels Further Shares Under GBP 1.45bn Buyback
Positive
May 26, 2026
Imperial Brands has executed another tranche of its ongoing GBP 1.45 billion share repurchase programme, buying 239,760 ordinary shares for cancellation on 26 May 2026. The shares were acquired via Barclays Capital Securities at an average price o...
Stock Buyback
Imperial Brands Cancels Further Shares Under £1.45bn Buyback Programme
Positive
May 22, 2026
Imperial Brands has repurchased 249,760 ordinary shares on 22 May 2026 as part of its ongoing £1.45 billion share buyback programme, paying an average price of 2,810.3607 pence per share through Barclays Capital Securities. The company will c...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels 300,000 Shares Under £1.45bn Buyback Programme
Positive
May 21, 2026
Imperial Brands has continued executing its previously announced £1.45 billion share repurchase programme, buying back 300,000 ordinary shares on 21 May 2026 at an average price of 2,830.226 pence per share, with Barclays acting as broker. Th...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Imperial Brands Cancels New Tranche of Shares in Ongoing £1.45bn Buyback
Positive
May 20, 2026
Imperial Brands has continued its share buyback strategy, repurchasing 248,086 ordinary shares on 20 May 2026 under its £1.45 billion share repurchase programme. The shares were bought on the London Stock Exchange through Barclays at an avera...
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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