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Key facts: Imperial Brands (IMB) £750m buyback; £320m cost-cut plan
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Imperial Brands (IMB) launched a £750m first tranche of a share buyback via HSBC, running until May 4, 2027; shares rose about 3.4% on the news. Imperial Brands (IMB) reaffirmed its plan to cut costs by at least £320m by 2030 and expects FY26 leverage near the lower end of a 2.0–2.5x net debt/EBITDA range. This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.