Higher tobacco prices helped Imperial Brands achieve its best organic sales growth in more than a decade. The Golden Virginia and Rizla brand owner revealed net revenues from tobacco and next-generation products rose by 2.8 per cent in the six months ending March. It anticipates net revenues growing by low-single-digits at constant currency levels and adjusted operating profits being 'close to the middle' of its mid-single digit range. Bomhard is spearheading a five-year strategy at Imperial focused on growing market share in its core markets and developing non-tobacco products. Imperial Brands shares were 2.9 per cent higher at 1,878.5p on Wednesday morning, making them one of the FTSE 100 Index's top risers.

Source: Daily Mail May 15, 2024 14:22 UTC