Imperial Brands Shouldn't See Big Strategy Shift -- Market Talk

Dow Jones

Nov 18

1025 GMT - Imperial Brands shouldn't see a big shift in dynamics despite the leadership change, Panmure Liberum analyst Rae Maile writes in a research note. The analyst doesn't expect a change to the model, the direction of travel or the strategy of the U.K.-listed tobacco group. Lukas Paravicini took over as CEO in October, replacing Stefan Bomhard who plans to retire after the transition period. "The CEO may have changed, but he was previously the CFO," he says. The delivery of modest profit growth and big share repurchases continues, Maile adds. "What matters for shareholders, and what delivers the strong returns, is consistency of growth from a modest valuation." Shares rise 2.5%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

November 18, 2025 05:25 ET (10:25 GMT)

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The analyst doesn't expect a change to the model, the direction of travel or the strategy of the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-listed tobacco group. Lukas Paravicini took over as CEO in October, replacing Stefan Bomhard who plans to retire after the transition period. \"The CEO may have changed, but he was previously the CFO,\" he says. The delivery of modest profit growth and big share repurchases continues, Maile adds. \"What matters for shareholders, and what delivers the strong returns, is consistency of growth from a modest valuation.\" Shares rise 2.5%. (andrea.figueras@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2025 05:25 ET (10:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Imperial Brands Shouldn't See Big Strategy Shift -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nImperial Brands Shouldn't See Big Strategy Shift -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-18 18:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1025 GMT - Imperial Brands shouldn't see a big shift in dynamics despite the leadership change, Panmure Liberum analyst Rae Maile writes in a research note. The analyst doesn't expect a change to the model, the direction of travel or the strategy of the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-listed tobacco group. Lukas Paravicini took over as CEO in October, replacing Stefan Bomhard who plans to retire after the transition period. \"The CEO may have changed, but he was previously the CFO,\" he says. The delivery of modest profit growth and big share repurchases continues, Maile adds. \"What matters for shareholders, and what delivers the strong returns, is consistency of growth from a modest valuation.\" Shares rise 2.5%. (andrea.figueras@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2025 05:25 ET (10:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4075","symbol_name":"烟草","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2584935125","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584935125","pubTimestamp":1763461500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1025 GMT - Imperial Brands shouldn't see a big shift in dynamics despite the leadership change, Panmure Liberum analyst Rae Maile writes in a research note. The analyst doesn't expect a change to the model, the direction of travel or the strategy of the U.K.-listed tobacco group. Lukas Paravicini took over as CEO in October, replacing Stefan Bomhard who plans to retire after the transition period. \"The CEO may have changed, but he was previously the CFO,\" he says. The delivery of modest profit growth and big share repurchases continues, Maile adds. \"What matters for shareholders, and what delivers the strong returns, is consistency of growth from a modest valuation.\" Shares rise 2.5%. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4075":"烟草","BK4201":"综合性石油与天然气企业","IMO":"帝国石油","IMBBY":"帝国烟草"},"translate_title":"帝国品牌不应出现重大战略转变——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IMO":1.5,"IMBBY":0.9},"content_text":"1025 GMT - Imperial Brands shouldn't see a big shift in dynamics despite the leadership change, Panmure Liberum analyst Rae Maile writes in a research note. The analyst doesn't expect a change to the model, the direction of travel or the strategy of the U.K.-listed tobacco group. Lukas Paravicini took over as CEO in October, replacing Stefan Bomhard who plans to retire after the transition period. \"The CEO may have changed, but he was previously the CFO,\" he says. The delivery of modest profit growth and big share repurchases continues, Maile adds. \"What matters for shareholders, and what delivers the strong returns, is consistency of growth from a modest valuation.\" Shares rise 2.5%. (andrea.figueras@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2025 05:25 ET (10:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}