Imperials Brands Stocks Fall Due to UK E-cigarette Tax

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Feb.28.2024

Imperials Brands Stocks Fall Due to UK E-cigarette Tax

British tobacco stocks hit by e-cigarette tax; FTSE 100 slightly down 1.28 points to 7683.02. Imperials Brands sees biggest drop.

According to a report by the UK media outlet Standard, British tobacco stocks have been affected by the tax on e-cigarettes. The UK's FTSE 100 index fell slightly by 1.28 points, or 0.02%, to 7683.02 points.

Empire Brand experienced the largest drop in stock price of the day, falling by approximately 5%. Reports have suggested that the UK government is considering announcing a new tax on e-cigarettes in next week's budget announcement.

According to analysis, this recent drop did not have a significant impact on the overall market trend. Despite the minor decline, it does reflect the subtle changes in the current market.

References:

[1] FTSE 100 flat as tobacco shares knocked by vaping tax reports

Also Read:

[1] Imperial Brands: Neutral Performance with Positive Investor Sentiment

[2] UK Government to Implement New Tax Policy on E-cigarettes

[3] UK Government Bans Sales of Disposables, Tobacco Stock Prices Plummet

[4] Analysis of Imperial Tobacco Stock: Good Rating, Neutral Outlook

[5] Imperial Brands Faces Pressure to Further Cut Dividends

[6] Imperial Brands Reports Strong Annual Performance in FY2023

[7] Imperial Brands PLC Hits New 52-week Low

#Europe #E-cigarettes #E-liquids #Open system e-cigarettes #United Kingdom #Market #UK #E-cigarette Taxes #E-cigarette #Brands #E-cigarettes and Tobacco #The United Kingdom

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