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Pin to quick picksImperial Brands Share News (IMB)

Share Price Information for Imperial Brands (IMB)

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Share Price: 1,939.50
Bid: 1,943.50
Ask: 1,944.00
Change: -26.00 (-1.32%)
Spread: 0.50 (0.026%)
Open: 1,963.50
High: 1,963.50
Low: 1,939.50
Prev. Close: 1,965.50
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UK smoking ban for younger generations passes first parliamentary hurdle

Tue, 16th Apr 2024 19:29

LONDON, April 16 (Reuters) - British Prime Minister Rishi Sunak's plan to ban anyone aged 15 and under from ever buying cigarettes passed its first parliamentary vote on Tuesday, although dozens of his own lawmakers voted against it.

Sunak's plan to impose some of the world's strictest anti-smoking rules has angered some members of his governing Conservative Party, including former prime ministers Liz Truss and Boris Johnson, who say the state should not interfere in how people live their lives.

The bill passed a vote in Britain's parliament with 383 in favour and 67 against, meaning it will progress to the next stage in parliament, where it can be subject to amendment.

Lawmakers were given a so-called free vote on the bill, meaning they did not have to vote along party lines. A similar law in New Zealand was scrapped this year by the new coalition government before the legislation went into force.

But 57 Conservatives, including Business and Trade Secretary Kemi Badenoch, voted against the plan, and the scale of the rebellion was another blow for Sunak, who has already faced criticism in his party over issues ranging from climate change to defence policy.

The legislation is one of Sunak's flagship policies before an election later this year which opinion polls suggest the opposition Labour Party will win.

The Tobacco and Vapes Bill aims to prevent children born since 2009 from ever being able to legally buy tobacco, rather than criminalising the habit.

Sunak has said it will tackle "the single biggest entirely preventable cause of ill-health, disability and death".

PUBLIC SUPPORT

About 6.4 million people were smokers in the UK in 2022, the Office for National Statistics has estimated, around 13% of the adult population.

That is much lower than other European countries such as Italy, Germany and France, where between 18%-23% of adults smoke, according to OECD figures.

There is strong support for the ban from medical and healthcare experts and charities, who say smoking causes 80,000 deaths every year plus many more smoking-related illnesses.

Polling by YouGov also suggests a smoking ban is popular, with a third of voters supporting the phased approach, 30% supporting a ban for everyone at the same time and only a quarter saying there shouldn't be any ban.

The plans have hit the share price of companies like L&B cigarette maker Imperial Brands, which has highlighted the UK as one of its key markets.

It and other tobacco companies like Dunhill maker British American Tobacco have criticised the proposed ban, saying it could fuel black market trade and will be difficult to enforce.

Business minister Badenoch said she was not a smoker and agreed with Sunak's intentions, but said she opposed the bill as she was concerned about its impact on people's rights and difficulty in enforcing the policy.

"We should not treat legally competent adults differently in this way, where people born a day apart will have permanently different rights," she said on social media platform X. (Reporting by Sarah Young; additional reporting by Emma Rumney, Paul Sandle and Alistair Smout, Editing by Kate Holton, Timothy Heritage, Gareth Jones and Jonathan Oatis)

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24 Jan 2024 14:31

UK shareholder meetings calendar - next 7 days

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Wednesday 31 January 
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Jan 2024 09:11

LONDON BROKER RATINGS: UBS cuts BAT to 'neutral'; Barclays cuts Senior

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

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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:

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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
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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
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Diversified Energy Co PLCdividend payment date
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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
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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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.

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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.

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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.

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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.

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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:

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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.

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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.

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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.

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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.

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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:

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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.

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