PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksImperial Brands Share News (IMB)

Share Price Information for Imperial Brands (IMB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,965.50
Bid: 1,966.50
Ask: 1,967.50
Change: -28.50 (-1.43%)
Spread: 1.00 (0.051%)
Open: 1,999.50
High: 1,999.50
Low: 1,960.00
Prev. Close: 1,994.00
IMB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Biden administration US ban on menthol cigarettes delayed

Mon, 01st Apr 2024 21:57

April 1 (Reuters) - The U.S. Food and Drug Administration's proposal to ban menthol flavored cigarettes in the United States faced another setback, according to anti-tobacco advocates who noted that White House officials have missed another deadline to issue a final rule on a ban.

The White House declined to comment.

Menthol cigarettes account for a third of the industry's overall market share in the United States. The highly addictive products have been cited for their appeal to young smokers, as well as significant health impacts for Black communities, where they are marketed heavily.

After the FDA in 2022 issued a long-awaited proposal to ban menthol cigarettes, several health and anti-smoking groups urged the Biden administration to enforce it.

The Administration delayed issuing a final rule in December and now has missed the new deadline it set to issue the rule by March 2024, according to a statement on Monday from the Campaign for Tobacco Free Kids and the NAACP, both of which support the FDA's push for a ban of menthol cigarettes.

Civil rights groups have contended for years that menthol cigarettes pose a disproportionately higher risk in Black communities, where they are heavily marketed.

About 81% of Black adults who smoked cigarettes used menthol varieties, compared with 34% of white adults, according to the U.S. Centers for Disease Control and Prevention (CDC).

States including Massachusetts and California have previously banned all flavored tobacco products.

U.S.-focused tobacco company Altria and rival British American Tobacco both get more than 20% of their revenue from menthol, Morningstar analyst Philip Gorham estimated in notes in March.

Altria has the largest exposure, Gorham said, though British American also has high sales of menthol versions of top brands like Newport.

BAT cited uncertainty around the menthol ban as one factor in its decision to write down the value of some of its U.S. cigarette brands last year.

Over 100 organizations, including the NAACP, the American Medical Association, and the American Academy of Pediatrics, placed a full page ad in the Washington Post recently calling on Biden not to further delay the ban.

"It is deeply disappointing that the Biden Administration appears likely to miss another deadline to issue a final FDA rule eliminating menthol cigarettes," Yolonda Richardson, president the Campaign for Tobacco-Free Kids, said on Thursday as the deadline approached.

"Research shows that eliminating menthol cigarettes will reduce the number of kids who start smoking, increase the number of smokers who quit, and save up to 654,000 lives within 40 years, including 255,000 Black lives," she said in a statement. (Reporting by Juveria Tabassum, Emma Rumney and Ahmed Aboulenein; Editing by Lisa Shumaker and Bill Berkrot)

More News
17 May 2022 07:04

Imperial Brands H1 profits down, sales flat

(Sharecast News) - Imperial Brands reported lower operating profit after accounting for its exit from Russia in response to the invasion of Ukraine.

Read more
10 May 2022 16:06

UK earnings, trading statements calendar - next 7 days

Wednesday 11 May 
Airtel Africa PLCFull Year Results
Anexo Group PLCFull Year Results
Angling Direct PLCFull Year Results
Bank of Georgia Group PLCQ1 Results
Brewin Dolphin Holdings PLCHalf Year Results
Compass Group PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
ITV PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 12 May 
3i Group PLCFull Year Results
Adnams PLCTrading Statement
Balfour Beatty PLCTrading Statement
BT Group PLCFull Year Results
Coca-Cola HBC AGQ1 Results
ConvaTec Group PLCTrading Statement
Entain PLCTrading Statement
Grainger PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
Plant Health Care PLCFull Year Results
Rolls-Royce Holdings PLCTrading Statement
Seraphim Space Investment Trust PLCQ3 Results
Superdry PLCTrading Statement
Titon Holdings PLCHalf Year Results
Versarien PLCHalf Year Results
Friday 13 May 
ContourGlobal PLCTrading Statement
Sage Group PLCHalf Year Results
Monday 16 May  
Diploma PLCHalf Year Results
Finsbury Growth & Income Trust PLCHalf Year Results
Greggs PLCTrading Statement
Petropavlovsk PLCFull Year Results
Ryanair Holdings PLCFull Year Results
Tuesday 17 May 
accesso Technology Group PLCTrading Statement
Benchmark Holdings PLCHalf Year Results
Big Yellow Group PLCTrading Statement
Britvic PLCHalf Year Results
C&C Group PLCFull Year Results
DCC PLCFull Year Results
Fresnillo PLCTrading Statement
Imperial Brands PLCHalf Year Results
Lamprell PLCFull Year Results
Land Securities Group PLCFull Year Results
Micro Focus International PLCTrading Statement
Renew Holdings PLCHalf Year Results
Shoe Zone PLCHalf Year Results
Smartspace Software PLCFull Year Results
Sureserve Group PLCHalf Year Results
TI Fluid Systems PLCTrading Statement
Tremor International LtdTrading Statement
Tritax EuroBox PLCHalf Year Results
Velocys PLCFull Year Results
Victorian Plumbing Group PLCHalf Year Results
Vitec Group PLCTrading Statement
Vodafone Group PLCFull Year Results
Watkin Jones PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Apr 2022 00:05

Sunday newspaper round-up: Twitter, British Airways, Russian oil imports

(Sharecast News) - Relations between Twitter and and Elon Musk may be thawing if reports that the former is taking a fresh look at the technology magnate's £33bn takeover offer is anything to go by. According to the Wall Street Journal, the two sides were set to meet on Sunday to discuss the deal and Twitter's board was now said to be "more receptive to a deal". - Sunday Telegraph

Read more
22 Apr 2022 16:41

FTSE 100 movers: Defensives wanted amid hawkish Fed comments

(Sharecast News) - Defensive issues were wanted on Friday after US Federal Reserve President, Jerome Powell, told an audience the night before that a 50 basis point interest rate hike at the 4 May policy meeting was in play.

Read more
20 Apr 2022 17:26

Imperial Brands transfers Russian unit to investors based in Russia

(Alliance News) - Imperial Brands PLC late Wednesday said it has transferred its Russian business to investors based in Russia and there was no change to previous guidance relating to exit from the country.

Read more
13 Apr 2022 10:03

LONDON BROKER RATINGS: Deutsche cuts Ferguson; JPMorgan low on LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

Read more
12 Apr 2022 10:11

LONDON BROKER RATINGS: JPMorgan lowers Rolls-Royce; UBS likes Ryanair

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

Read more
7 Apr 2022 09:49

LONDON BROKER RATINGS: Jefferies cuts TI Fluid, PageGroup, Energean

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
6 Apr 2022 17:08

LONDON MARKET CLOSE: European stocks sink as Fed signals tightening

(Alliance News) - The FTSE 100 went into reverse on Wednesday - following global peers - as sentiment was rocked due to worries over tightening US monetary policy.

Read more
6 Apr 2022 12:16

LONDON MARKET MIDDAY: Stocks slide after Fed Brainard's hawkish turn

(Alliance News) - Stocks in London were lower at midday on Wednesday amid fears the US Federal Reserve will act more aggressively to bring inflation under control as investors await the release of the central bank's minutes from its previous policy meeting.

Read more
6 Apr 2022 09:04

LONDON MARKET OPEN: Imperial Brands rises after backing outlook

(Alliance News) - Stocks in London opened mostly lower on Wednesday as the US ramps up pressure on Russia, while Imperial Brands rose after saying it was on track to deliver full-year results in line with revised guidance.

Read more
6 Apr 2022 08:22

TOP NEWS: Imperial Brands backs outlook despite drab European tobacco

(Alliance News) - Imperial Brands PLC on Wednesday backed annual guidance and added it forecasts a "broadly flat" first-half revenue performance, with tobacco market struggles in Europe offset by progress elsewhere.

Read more
6 Apr 2022 07:51

LONDON MARKET PRE-OPEN: Hilton Food lifts payout; Redrow signs pledge

(Alliance News) - Stocks in London are seen falling on Wednesday following a lower close in the US and weakness in Asia amid fears of aggressive tightening from the US Federal Reserve, ahead of the bank's meeting minutes.

Read more
6 Apr 2022 07:19

Imperial Brands H1 revenues seen broadly flat

(Sharecast News) - Tobacco company Imperial Brands said on Wednesday that it had made "good progress" in delivering on its strategic objectives in the six months ended 31 March, with the group expecting to report broadly flat interim revenues and operating profits as it continued to perform in line with its five-year strategy.

Read more
30 Mar 2022 11:08

LONDON MARKET MIDDAY: Nervy trade amid peace doubts and US yields

(Alliance News) - Blue-chip equities in Europe traded lower midday Wednesday, with markets made uneasy by recent developments in US bond markets and amid doubts about Russia's announcement of a de-escalation of its assault on Ukraine.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.