Imperials Brands Stocks Fall Due to UK E-cigarette Tax

Regulations by 2FIRSTS.ai

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

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Bloomberg-Backed Campaign Wins as Denver Votes to Ban Flavored Nicotine

Denver voters have upheld the city’s ban on flavored nicotine products—including fruity vapes and menthol cigarettes—with 72% in favor during the Nov. 4 election. The “Yes on 310” campaign, backed by $5 million from Michael Bloomberg, celebrated the result as a major victory for youth health. Opponents, mostly local vape shop owners, warned of economic harm and called the spending imbalance unfair.

Nov.05 by 2FIRSTS.ai

Product | FASTA Unveils New U.S. Offering, Citing “Made in USA” Status and Texas Compliance

FASTA has launched a new disposable, the FASTA ALIEN 51K, on U.S. online channels. Retailer Mi-Pod describes the product as “assembled and filled in the U.S.” and labels it as compliant with Texas e-cigarette registration requirements. The ALIEN 51K is now available via Mi-Pod and Vaping, with a suggested retail price of about $19.99.

Nov.12 by 2FIRSTS.ai

Bangladesh Tobacco Control Group Urges Reversal of Philip Morris Nicotine Pouch Factory Approval

Advocates say the economic authority’s decision contradicts national health goals and violates a Supreme Court directive banning new tobacco ventures.

Oct.27 by 2FIRSTS.ai

Russian Duma Committee Moves to Embed Local Vape Prohibitions

Fedot Tumusov, First Deputy Chair of the Duma Health Committee, called vapes the “most dangerous and least controlled” nicotine product and said restricting them should be a priority. While refining a government bill, the committee proposes granting regions the power to ban vape sales. Committee Chair Sergey Leonov said the illicit e-cig market exceeds 60%, with new licensing aimed at cleaning up the sector.