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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.
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8 Jun 2015 17:31

Imperial Tobacco Wins District Court Approval For Reynolds American Deal

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8 Jun 2015 16:06

Reynolds-Lorillard merger clears final hurdle, judge okays brand transfer

WASHINGTON, June 8 (Reuters) - Reynolds American Inc on Monday cleared the final hurdle for its roughly $27.4 billion purchase of smaller rival Lorillard Inc as a federal judge approved its request to sell several cigarette brands. The companies expect to close on June 12, they said in a p

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8 Jun 2015 12:52

Tobacco companies' profit growth to improve modestly, says Moody's

Tobacco companies' underlying business model remains strong and the suspension of share buybacks will help alleviate the pressure on leverage resulting from ongoing foreign exchange volatility, according to Moody's. In a report to clients on Monday, the ratings agency, which has a stable outlook on

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3 Jun 2015 15:47

UPDATE 1-Ukraine drops WTO action against Australian tobacco-packaging laws

(Adds background, detail) By Tom Miles GENEVA, June 3 (Reuters) - Ukraine has suspended a case it was pursuing through the World Trade Organization aimed at overturning Australia's strict tobacco packaging laws, a WTO panel of adjudicators said in a statement published on Wednesday.Read more

3 Jun 2015 14:01

Ukraine suspends WTO action against Australian tobacco laws

GENEVA, June 3 (Reuters) - Ukraine has suspended World Trade Organization litigation that aimed to overturn Australia's strict tobacco packaging laws, according to a communication from the panel of WTO adjudicators published by the WTO on Wednesday. Ukraine asked the panel to suspend procee

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3 Jun 2015 13:24

FTSE 100 movers: supermarkets, tobacco and mining stocks rebound

UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,

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3 Jun 2015 11:09

WINNERS & LOSERS: Royal Mail, TUI Buoyed By Chairman News

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2 Jun 2015 16:07

LONDON MARKET COMMENT: Miners Up, Tobacco Stocks Down In Weak Close

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2 Jun 2015 16:00

London close: Stocks lower on mixed messages from Greece

London stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb

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2 Jun 2015 14:00

FTSE 100 movers: British American Tobacco fizzles, metals miners strong

London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo

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2 Jun 2015 10:15

WINNERS & LOSERS: Wolseley Leads FTSE 100 After Strong Third Quarter

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2 Jun 2015 10:02

BUZZ-Tobacco stocks: Canadian court ruling weighs

** British American Tobacco (BAT) down 2.3 pct, bottom of FTSE 100 & at 3.5-wk lows ** Co's Canadian subsidiary & 2 other tobacco cos sentenced to pay >C$15 bln in damages to Quebec smokers in two related class action cases ** Peer Imperial Tobacco (IMT) 6th-biggest UK blue-chip falle

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2 Jun 2015 09:43

LONDON MARKET COMMENT: Stocks Broadly Lower But Pound Boosted By Data

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2 Jun 2015 07:57

Tuesday broker round-up

British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.

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2 Jun 2015 05:44

CORRECT: PRESS: BAT Among Firms In Canada Smoker Judgement - BBC

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