The Bank rate is already low and Brexit overshadows everything, but look elsewhere too – the global economy is not in good healthCall it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index…Read more
Departure of tobacco giant boss cuts already limited number of female leaders at FTSE 100 firmsAlison Cooper is to stand down down as chief executive of tobacco giant Imperial Brands after nine years, further reducing the already limited number of fema…Read more
British company’s valuation tumbles as earnings plateau and US states crack down on vapingIn Alison Cooper’s first six years as chief executive of Imperial Brands, as Imperial Tobacco calls itself these days, the share price doubled. In the last three,…Read more
Group cuts forecast of revenue growth to 2% as individual states clamp down on vapingImperial Brands has warned that a backlash against vaping in the US will push the tobacco company’s profits below expectations for the year.The FTSE 100 company said t…Read more
Four largest companies dispute claim that they consistently pay less than headline rateGlobal tobacco companies should be paying more UK corporation tax, according to a report that claims they are not contributing their fair share despite making massiv…Read more
Embassy relationships with companies such as BAT undermine anti-smoking policiesThe UK government is lobbying on behalf of UK-based tobacco giants operating overseas, despite spending millions of pounds trying to curb smoking rates abroad.Freedom of in…Read more
Tobacco firm working on deal to ease debt crisis at UK’s biggest cigarette distributor, which supplies Tesco and other retailers
The tobacco firm Imperial Brands is working on a rescue deal for the wholesaler Palmer & Harvey, which supplies tobacco to Tesco and other retailers.
Palmer & Harvey is the biggest cigarette supplier in the UK and employs 4,000 people.Read more
Staff told hopes are fading fast of finding a buyer for embattled PR agency accused of stirring up racial tension in South AfricaBell Pottinger could be put into administration as soon as next week after its financial plight worsened in the wake of a s…Read more
Shareholders were right to rebel against tobacco firm’s boardroom plan – but few pay rises will be as shameless as that planned for CEO Alison Cooper
Alison Cooper, chief executive of Imperial Brands, will presumably now quit her employer of 17 years, to be followed out of the fags factory by an unhappy crew of fellow executives who have lost the chance to earn (even) bigger pay packages.
That, or something like that, was the prospect raised by Imperial’s chairman, Mark Williamson. The tobacco firm’s shareholders have revolted by indicating they would vote down a proposed new pay policy next week, so Imperial has pulled the scheme to avoid a formal drubbing.Read more
Move by tobacco firm behind Gauloises and John Player cigarettes may affect other FTSE 100 firms increasing bosses’ bonuses
Shareholders appear to have blocked a pay rise for Alison Cooper, chief executive of Imperial Brands, in a move that may affect other FTSE 100 companies aiming to hike the bonuses of their bosses.
The maker of Gauloises and John Player cigarettes issued an unexpected announcement to the stock exchange on Thursday to say it would not put its new pay policy to a vote as originally planned at the annual meeting on 1 February.Read more