Newspaper article The Journal (Newcastle, England)

Profits Roll in at Imperial Tobacco

Newspaper article The Journal (Newcastle, England)

Profits Roll in at Imperial Tobacco

Article excerpt

Imperial Tobacco celebrated its 10th year as a public company by reporting an 8% rise in full-year profits to pounds 1.17bn.

The world's fourth largest tobacco company said it had gained market share across all its operating regions, including the UK, where it is best known for Lambert & Butler cigarettes and Golden Virginia rolling tobacco.

Sports billionaire reviews tactics

SECRETIVE billionaire Mike Ashley is reported to be considering a surprise move to take his Sports World business on to the stock market.

The plans would see Sports World merge into Blacks Leisure with Mr Ashley appointed chief executive or chairman of the enlarged group.

Mixed message at Matalan

DISCOUNT retailer Matalan gave a mixed update on trading after seeing half-year profits fall 7% to pounds 28.7m.

The group, which is about to be taken private by founder and chairman John Hargreaves, said recent sales remained in negative territory, but there had been progress in the battle to improve margins. …

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