Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIMT.L Share News (IMT)

  • There is currently no data for IMT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Wednesday newspaper share tips: Take a long drag of Imperial Tobacco

Wed, 04th Nov 2015 12:12

(ShareCast News) - It isn't time to kick the habit yet when it comes to Imperial Tobacco Group, The Times' Tempus said on Wednesday.On Tuesday, the company posted a rise in pre-tax profit and underlying tobacco net revenue for the year ended 30 September and said it was well placed to meet expectations for the coming year, despite a drop in overall revenues.However Tempus noted there are two warning signs ahead - the expiry of a standstill agreement between the company's newly purchased US brands and their former owners, as well as the possible introduction of plain packaging in the UK.However it noted the company can now put a bit more effort behind neglected brands including Winston and Kool, and the plain packaging law could benefit the company as smokers may go for the Imperial's cheapest cigarettes when they all look the same.But Tempus said that it's certain that dividends will continue to grow around 10%, supported by cost savings. For that reason, it's a good long term buy.Over in The Telegraph, Questor is focusing on Weir Group, which manufactures industrial valves for the oil and gas sector and pumps for the mining industry.The company said on Tuesday it expects full-year earnings to be broadly in line with current market consensus, and also announced further job losses as part of its cost-cutting plans.Despite that, the shares rose on the news, which Questor claimed was more due to investor relief that there was no profit warning more than anything else. With orders for equipment in the oil and gas division down but the company's minerals division more resilient, Weir responded by cutting costs.While Weir has been under the pump to combat the slowdown in the commodity market, Questor said the share could be approaching the bottom now and it's worth holding on to.
More News
16 Jun 2015 17:08

London close: FTSE bounces off five-month low after late rally

UK stocks managed to claw their way back to finish flat on Tuesday as investors sought out bargains after markets dropped to a five-month intraday low. Stocks in the tobacco, housebuilding and pharmaceutical sectors extended gains late on, while Royal Mail rebounded after earlier weakness, making up

Read more
16 Jun 2015 15:50

LONDON MARKET COMMENT: FTSE 100 Recovers From Near Five-Month Low

Read more
16 Jun 2015 12:58

FTSE 100 movers: Tobacco stocks surge on broker comments, miners lower

London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the

Read more
16 Jun 2015 12:09

London midday: UK stocks at lowest since January as Greece hits risk appetite

London's FTSE 100 dropped below the 6,700 level for the first time in five months on Tuesday as ongoing worries about Greece and a sell-off on Chinese markets dampened risk appetite. The Footsie was down 0.63% at 6,668.31 by midday with the heavyweight mining sector providing a drag. The index has

Read more
16 Jun 2015 10:33

WINNERS & LOSERS: FTSE 100 Tobacco Companies Favoured By Credit Suisse

Read more
16 Jun 2015 10:12

BAT, Imperial Tobacco top FTSE 100 as Credit Suisse reinstates at 'outperform'

British American Tobacco and Imperial Tobacco rose to the top of the FTSE 100 on Tuesday after Credit Suisse reinstated coverage on both stocks at 'outperform', with target prices of 3,800p and 3,600p, respectively. CS said: "The $7.1bn acquisition of some US brands from Reynolds has the potential t

Read more
16 Jun 2015 09:37

LONDON MARKET COMMENT: Stocks Lower On Greece As UK Inflation Rises

Read more
16 Jun 2015 08:36

BROKER RATINGS SUMMARY: Morgan Stanley Ups National Grid To Overweight

Read more
16 Jun 2015 08:19

London open: UK stocks drop to five-month low ahead of CPI data

UK stocks dropped into the red for a third straight day on Tuesday on the back of ongoing concerns about Greece, a sell-off in China and caution ahead of inflation data. The FTSE 100 was trading 0.55% lower at 6,673.49 early on, after hitting a three-month closing low of 6,710.52 on Monday. The ind

Read more
16 Jun 2015 07:25

LONDON MORNING BRIEFING: Royal Mail Shares Hit By Ofcom Review

Read more
15 Jun 2015 08:33

BROKER RATINGS SUMMARY: Merrill Lynch Ups Fresnillo, Centamin To Buy

Read more
15 Jun 2015 07:18

LONDON MORNING BRIEFING: Thomas Cook And Fosun To Partner In China

Read more
12 Jun 2015 10:27

WINNERS & LOSERS: Petra Diamonds Loses Sparkle On Lower Quality Stones

Read more
12 Jun 2015 08:32

BROKER RATINGS SUMMARY: JPMorgan Upgrades Royal Mail To Overweight

Read more
11 Jun 2015 09:10

BAT Raises USD4.5 Billion In Dollar Note Issue To Fund Reynolds Investment (ALLISS)

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.