The latest update is out from Imperial Brands ( (GB:IMB) ).
Imperial Brands PLC announced the repurchase and cancellation of 265,470 ordinary shares as part of its GBP 1.25 billion share repurchase program. This transaction, executed through Morgan Stanley, aims to reduce the number of shares in circulation, potentially increasing shareholder value and impacting the company’s market positioning.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of tobacco products, including cigarettes, cigars, and smokeless tobacco. The company is known for its global presence and diverse product portfolio catering to various market segments.
YTD Price Performance: 11.14%
Average Trading Volume: 2,550,675
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.01B
For detailed information about IMB stock, go to TipRanks’ Stock Analysis page.
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