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Evening Standard

Business

Michael Hunter

Imperial Brands shares light up on £1 billion capital return plan

Imperial Imperial Brands Tobacco

Imperial owns cigarette brand Davidoff as well as Lambert & Butler
(Picture: Getty Images)

Imperial Brands, the maker of Lambert & Butler and Gauloise cigarettes, will return £1 billion to investors by buying back shares after confirming it is on track to meet annual profit forecasts.

City analysts expect the FTSE 100 tobacco giant to report profit of around £3.7 billion when it reports its next set of full-year results in mid-November.

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