Rival British American Tobacco’s shares were also down 1%. The profit warning adds to the challenges for new CEO Stefan Bomhard – head of automotive services company Inchcape – whose appointment was announced on Monday with a start date yet to be disclosed. Imperial said first-half adjusted earnings per share in constant currency were expected to drop by 10%, as it writes-down inventories following the U.S. government ban on selling certain flavours for pod-based e-cigarettes, which goes into force on Thursday. …read more
Source:: Yahoo Finance
