focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

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

Read more
22 Dec 2023 15:50

UK dividends calendar - next 7 days

Monday 25 December 
no events scheduled 
Tuesday 26 December 
no events scheduled 
Wednesday 27 December 
no events scheduled 
Thursday 28 December 
Babcock International Group PLCdividend payment date
BT Group PLCex-dividend payment date
Cerillion PLCex-dividend payment date
Develop North PLCdividend payment date
Focusrite PLCex-dividend payment date
Gore Street Energy Storage Fund PLCex-dividend payment date
Grainger PLCex-dividend payment date
Jet2 PLCex-dividend payment date
JPMorgan European Discovery Trust PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Schroder AsiaPacific Fund PLCex-dividend payment date
Schroder European Real Estate Investment Trust PLCex-dividend payment date
Schroder Income Growth Fund PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
Ultimate Products PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
Friday 29 December 
Alliance Trust PLCdividend payment date
DFS Furniture PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Energean PLCdividend payment date
Global Smaller Cos Trust PLCex-dividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Imperial Brands PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
NextEnergy Solar Fund Ltddividend payment date
Palace Capital PLCdividend payment date
PayPoint PLCdividend payment date
Pollen Street PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Warehouse REIT PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
14 Dec 2023 15:35

Ban flavoured vapes, WHO says, urging tobacco-style controls

LONDON, Dec 14 (Reuters) - The World Health Organization (WHO) on Thursday urged governments to treat e-cigarettes similarly to tobacco and ban all flavours, threatening cigarette companies' bets on smoking alternatives.

Read more
14 Dec 2023 08:00

Ban flavoured vapes, WHO says, urging tobacco-style controls

LONDON, Dec 14 (Reuters) - The World Health Organization (WHO) on Thursday urged governments to treat e-cigarettes similarly to tobacco and ban all flavours, threatening cigarette companies' bets on smoking alternatives.

Read more
14 Dec 2023 08:00

Big Tobacco's transition under fire as WHO targets vaping

LONDON, Dec 14 (Reuters) - Big tobacco firms shifting to new nicotine products, including Philip Morris International (PMI) and British American Tobacco, have the most to lose if tobacco alternatives face the same rules as cigarettes, investors and analysts said.

Read more
8 Dec 2023 17:42

London close: Stocks firmer as US payrolls beat forecasts

(Sharecast News) - London's financial markets closed positively on Friday as investors digested the latest non-farm payrolls report out of the United States.

Read more
8 Dec 2023 09:39

LONDON BROKER RATINGS: Goldman likes Sainsbury's; RBC cuts Imperial

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

Read more
8 Dec 2023 07:17

RBC Capital downgrades Imperial Brands, slashes price target

(Sharecast News) - RBC Capital Markets downgraded Imperial Brands on Friday to 'sector perform' from 'outperform' and slashed the price target to 1,800 from 2,200p on the back of strong outperformance relative to British American Tobacco.

Read more
6 Dec 2023 08:43

LONDON MARKET OPEN: Cooler US job openings data lifts FTSE; BAT slides

(Alliance News) - Stock prices in London opened higher on Wednesday, with a cooler reading of the US labour market on Tuesday lifting spirits, while the dollar showed some resilience despite the weaker jobs opening data.

Read more
5 Dec 2023 18:10

IN BRIEF: Imperial Brands non-executive buys GBP113,000 in shares

Imperial Brands PLC - Bristol-based tobacco company - Non-Executive Director Diane de Saint Victor buys 6,000 shares at GBP18.85 each, worth GBP113,075, in London on Monday.

Read more
5 Dec 2023 15:36

Director dealings: Imperial non executive director makes share purchase

(Sharecast News) - Imperial Brands revealed on Tuesday that non-executive director Diane de Saint Victor had acquired 6,000 ordinary shares in the FTSE 100-listed tobacco giant.

Read more
20 Nov 2023 10:12

LONDON BROKER RATINGS: Goldman likes StanChart; RBC raises Currys

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

(Alliance News) - The following London-listed shares received analyst recommendations on Friday and Thursday.

Read more
15 Nov 2023 09:41

LONDON BROKER RATINGS: Deutsche likes Compass; Numis cuts Elementis

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

Read more
14 Nov 2023 16:18

London close: Stocks turn higher on cooler US inflation report

(Sharecast News) - London's stock markets had managed to turn positive by the close on Tuesday after a lower-than-expected inflation report from the United States boosted confidence while investors also mulled the latest UK jobs data.

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.