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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Imperial Brands Plc | LSE:IMB | London | Ordinary Share | GB0004544929 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -17.50 | -0.95% | 1,826.00 | 1,826.50 | 1,827.50 | 1,855.50 | 1,826.00 | 1,846.50 | 1,548,141 | 16:35:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Cigarettes | 32.48B | 2.33B | 2.6392 | 6.92 | 16.12B |
From May 2019 to May 2024
By Rory Gallivan
LONDON-- Imperial Tobacco Group PLC Tuesday announced restructuring measures in Europe that will result in up to 900 job losses.
The restructuring is part of a cost-optimization program that will deliver savings of GBP300 million ($502 million) a year from September 2018, said Imperial, whose cigarette brands include Davidoff and Gauloises.
The projects are planned to be implemented progressively over the next two years and include the proposed closure of cigarette factories in Nottingham, the U.K. and Nantes, France, it said.
"The prospect of job losses is always regrettable and we will be doing all we can to support employees and ensure that they are treated in a fair and responsible manner," said Chief Executive Alison Cooper.
Shares at 1015 GMT were up 9 pence, or 0.3%, at 2,482 pence valuing the company at GBP23.8 billion.
Write to Rory Gallivan at rory.gallivan@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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