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The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 31,647 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley, reflects the company’s ongoing efforts to optimize its capital structure, potentially influencing shareholder value and market perceptions as the total number of shares in issue decreases.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacturing and distribution of tobacco products and related services. The company is known for its portfolio of cigarettes, cigars, and smokeless tobacco products, serving a global market.
YTD Price Performance: 6.58%
Average Trading Volume: 2,620,135
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £22.63B
See more data about IMB stock on TipRanks’ Stock Analysis page.
