Imperial Tobacco Group(IMT)

Sector:

Tobacco

Index:

FTSE 100

Market Cap

£17,896m

Change Today

Price Down-29.00p

Share Price

1,761.00p

Imperial stubs out 6% of workforce

By Lee Wild

Date: Thursday 19 Jun 2008

LONDON (ShareCast) - Almost 2,500 jobs are to go at Imperial Tobacco as the cigarette maker restructures its business following the acquisition of Franco-Spanish rival Altadis for £11.3bn in January.

The closure of six factories and reorganisation of other sites will see around 6% of the Lambert & Butler group’s 40,000 workforce lose their jobs over the next three years.

The axe will fall heaviest in France where almost a quarter of the 4,700 people employed there face the chop.

Closing down the Bristol factory where classic and castella cigars are made will result in the loss of all 75 jobs, while 210 will go at the Nottingham cigarette factory during its reorgainsation.

Elsewhere, 830 jobs will be lost in Spain, 250 in Germany, 200 in Poland and 100 in Russia.

Bristol-based Imperial, the world’s fourth largest tobacco company, is targeting annual operating efficiencies of some €300m by the end of the year to 30 September 2010, rising to €400m by the end of 2012.

It estimates the one-off cash cost of achieving these efficiencies will be about €600m.

Over 97% of shareholders backed the firm’s £4.9bn one-for-two rights issue last week.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IMT Market Data

Currency UK Pounds
Share Price 1,761.00p Price Down
Change Today -29.00p
52 Week High 2,752.00
52 Week Low 1,678.00
Volume 4,411,581
Shares Issued 1,016.23m
Market Cap £17,896m
Beta 0.48
RiskGrade 165

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
85.63% below the market average85.63% below the market average85.63% below the market average85.63% below the market average85.63% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
0.36% above the market average0.36% above the market average0.36% above the market average0.36% above the market average0.36% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
37.65% below the market average37.65% below the market average37.65% below the market average37.65% below the market average37.65% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Chg 6m
29.42% below the market average29.42% below the market average29.42% below the market average29.42% below the market average29.42% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
P/E
8.57% below the market average8.57% below the market average8.57% below the market average8.57% below the market average8.57% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
PEG
49.38% below the market average49.38% below the market average49.38% below the market average49.38% below the market average49.38% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Dividend Yield
6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average6.51% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
EPS Growth
16.99% below the market average16.99% below the market average16.99% below the market average16.99% below the market average16.99% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Operating Margin
21.01% above the market average21.01% above the market average21.01% above the market average21.01% above the market average21.01% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 10
Buy 4
Neutral 1
Sell 0
Strong Sell 0
Total 15
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IMT Dividends

  Latest Previous
  Interim Final
Ex-Div 04-Jun-08 16-Jan-08
Paid 08-Aug-08 15-Feb-08
Amount 24.00p 48.50p

Trades for 05-Sep-2008

Time Volume / Share Price
16:57 51,944 @ 1,765.64p
16:56 174,435 @ 1,765.92p
16:56 6,325 @ 1,766.50p
16:38 28,168 @ 1,766.00p
16:35 596,293 @ 1,761.00p

IMT Key Personnel

CEO Gareth Davis
Finance Director Robert Dyrbus
Chair Iain Napier

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