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Imperial Brands faces "challenging" US vape market

The tobacco company is facing increasing US regulatory scrutiny around next generation products in the US
Imperial Brands faces "challenging" US vape market

Shares in Imperial Brands (IMB) tumbled after the company said that the market for next-generation products (NGPs) has been “challenging” in the US, with net revenue growth of around 50 per cent expected for NGPs this year, below previous expectations. Group net revenue for the year to September 2019 is now expected to grow at around 2 per cent, with EPS expected to be broadly flat at constant currency. 

IC TIP: Hold at 1862p

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