Imperial Brands PLC

United Kingdom

United States

Dominican Republic

Puerto Rico

France

IMB.LSE▼

Imperial Brands to Cut Thousands of Jobs in US and Europe

British tobacco giant Imperial Brands is reportedly preparing to cut thousands of jobs across key markets including the United States and Europe as part of cost reduction efforts. The first phase of the cuts will target human resources, finance, and procurement and supply chain functions at its subsidiary ITG Brands, which covers the US, the Dominican Republic, and Puerto Rico. The second phase will affect legal, marketing, and insights and intelligence teams at the same subsidiary. Affected employees will be notified in April, with the reductions set to begin mid-year. Some of ITG Brands' operations are expected to be outsourced to strategic partner Capgemini of France by the end of the year. A company spokesperson said in a statement that the changes being made will gradually impact the entire global market, but did not disclose the exact number of people affected. As of the end of 2025, Imperial Brands had approximately 25,800 employees worldwide.

IMB.LSE ▼CAP.PA ▲

IMB.LSE · Capital · Negative Job cuts and cost reduction efforts signal restructuring, potentially impacting operations and morale.

ITG Brands LLC · Capital · Negative Subsidiary ITG Brands faces job cuts and outsourcing, affecting its operations.

CAP.PA · Demand · Positive Outsourcing of ITG Brands operations to Capgemini brings new business.

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IMB.LSE▲

FTSE 100 Edges Up 0.59% Led by Unilever Rally

The UK's FTSE 100 index rose 0.59% on Tuesday, driven by a strong rally in Unilever shares after the consumer goods giant reported better-than-expected earnings and raised its full-year guidance. The benchmark was up 63.90 points at 10,845.65 nearly half an hour past noon. Unilever climbed nearly 8% as it upgraded its full-year underlying sales growth guidance to the 4% to 6% range from its previous expectation of growth at the bottom end of the range, supported by around 3% underlying volume growth, and reported its best quarter of sales volume growth in 16 years. Other notable gainers included Admiral Group up over 4%, Relx up 3.6%, and Compass Group, Diageo, Imperial Brands, Croda International, Babcock International, Reckitt Benckiser, The Sage Group, and Experian climbing between 2.5% and 3%. Barclays Group shed more than 5% after reporting increased second-quarter operating costs, while Natwest Group and Lloyds Banking Group both eased about 1.3%. In economic news, UK shop price inflation rose 0.9% year-on-year in July 2026, missing expectations of 1.2% and marking the slowest increase since December 2025.

BARC.LSE ▼UNLYD ▲NWG.LSE ▼LLOY.LSE ▼CRDA.LSE ▲DGE.LSE ▲+4

BARC.LSE · Capital · Negative Barclays shed more than 5% after reporting increased second-quarter operating costs.

UNLYD · Capital · Positive Unilever reported better-than-expected earnings and raised full-year guidance, driving shares up nearly 8%.

NWG.LSE · Capital · Negative Barclays reported increased second-quarter operating costs, dragging down banking sector sentiment; NatWest eased about 1.3% as part of the sector decline.

LLOY.LSE · Capital · Negative Lloyds Banking Group eased about 1.3% as part of a decline in banking stocks, with Barclays dropping over 5% on higher operating costs, weighing on the sector.

CRDA.LSE · Demand · Positive Croda International rose 2.5-3% as part of broad FTSE 100 rally led by Unilever's strong earnings, indicating positive sentiment for consumer-related stocks.

DGE.LSE · Demand · Positive Diageo climbed 2.5-3% amid broad market gains driven by Unilever's earnings beat and upgraded guidance, reflecting positive consumer demand outlook.

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