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What are the latest news updates regarding the Imperial Brands share price?

The past month has included a few different company news releases concerning the Imperial Brands share price (LON: IMB) (IMB.L).

On 30 March, the firm released a pre-close trading update for the first half of the year. In it, the company stated that it is trading in line with its previous expectations. It anticipates that net revenue for the period will grow by at least 1%. Sales have been driven by strong pricing in tobacco, as well as some benefit from growth in smokeless categories against a weak comparator period.

It expects to deliver adjusted organic operating profit growth in at least the mid-single digits for the first half of the year. It has benefited primarily from smaller losses in next generation products (NGP) and higher logistics profit.

Imperial Brands reported aggregate market share growth in tobacco across its five priority markets. Growth in the US, UK and Spain more than offset falls in Australia and Germany. It will continue to invest in these markets to drive performance improvements over time. It noted in its statement that Covid-19 has, and continues to, affect consumer buying patterns across different channels and markets

In NGP, the firm remains focused on improving its performance, returns and capabilities. It still plans to move ahead with market trials in vapour and heated tobacco products later on this year.

In terms of the full year, the company expects adjusted operating profit to be in line with its previous guidance of a low-mid single digit organic growth rate.

Other news during the past month regarding the Imperial Brands share price has included an update on the start date of the company’s new CFO. Lukas Paravicini will commence work on 19 May, having agreed to join the Board with effect from 1 May. There will be a handover between then and the end of June.

There were a handful of director deals in the company’s shares during the past month. They were all either dividend reinvestments or recruitment awards.

The Imperial Brands share price has risen by 10% in the past month. Over the last year and five years it is down 1% and down 58% respectively. The FTSE 100 index, which the stock is a member of, has gained 25% and 10% over the past one and five years, respectively.

The next news release from the company is due to take place on 18 May when it releases its half-year results. At the time of writing, the firm’s shares are currently trading at a price of 1565p.

Not Investment Advice Note: Views expressed are those of the writer. The author does not own any stocks mentioned. The article is information, not advice. Share prices can rise and fall. Past returns are not a guide to the future. Please do your own research.