Imperial Tobacco says it is on target for forecasts

first_img whatsapp Imperial Tobacco says it is on target for forecasts IMPERIAL Tobacco Group said yesterday it had suffered no further deterioration in volumes in its fourth quarter.Full-year volumes at the Lambert & Butler and Fortuna maker were down by around the same 4.3 per cent seen at the nine-month stage, contrasting with its statement in July when it reported volumes had worsened from a 3.7 per cent drop in its first half.The tobacco group has been hurt by volume falls in Russia, Spain, Ukraine and the United States, but expects price rises to offset that declining trend and forecasts tobacco revenue will be up three per cent in its year to end-September.Analysts said the solid trading statement gave support to Imperial shares, which have underperformed the FTSE 100 by six per cent this year and rival British American Tobacco by almost 20 per cent. The stock rose just over one per cent after the trading statement. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ KCS-content center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Share Wednesday 22 September 2010 7:37 pm Tags: NULLlast_img

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