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Gauloises Maker Plans to Increase its Dividend by 10%

Imperial Tobacco reported it would increase its dividend by around 10 % in the upcoming year, demonstrating confidence that cost reductions will assist it to deal with poor consumer spending and larger taxes that affected its annual revenue.   The same as all cigarette manufacturers, Imperial has been struggling with decreasing sales in several markets, as more people stop smoking. On top of that, fragile economies and government tax boosts are making cigarettes less affordable, resulting in lower-priced cigarette brands increasing in popularity.   Imperial, whose cigarette brands include well known Davidoff and Gauloises, has handled this by reducing costs, including closing factories, leading to over 60 million pounds of savings in the year. It explained it was on course to save about 300 million pounds annually by 2018.   Davidoff maker stated it planned to … Read entire article »

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