Tuesday, May 12, 2009

Imperial Tobacco runs out of puff: Tuesday latest from the London Stock Exchange


Imperial Tobacco was the top loser in a meandering Footsie this morning, despite an upbeat trading statement.

Shares in the Bristol-based tobacco giant fell 83p to 1,549p despite a 49 per cent rise in adjusted operating profits to £1.37billion. Imperial also hailed the success of its £10billion acquisition of Gauloises maker Altadis.

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