Imperial Brands: Trading In Line With Expectations – Quick Facts
Imperial Brands (IMB.L,IMBBF.PK,IMBBY.PK) stated that it remains on track to deliver full year results in line with the company’s guidance with low-mid single digit organic adjusted operating profit growth at constant currency.
The Group expects first half net revenue to grow by at least 1 percent on an organic, constant currency basis, driven by continued strong pricing in tobacco, as well as some benefit from growth in NGP revenues against a weak comparator period. First half Group adjusted organic operating profit growth is projected to be least mid-single digit at constant currency, benefiting primarily from significantly reduced losses in NGP and increased Logistics profit.
The company noted that, at current exchange rates, translation foreign exchange is expected to be broadly neutral on first half earnings per share and be a approximately 2 percent headwind to full year earnings per share.
Imperial Brands will announce its interim results for the six months ended 31 March 2021 on 18 May 2021.
A.G. BARR FY Profit Before Tax And Exceptional Items Declines
A.G. BARR plc (BAG.L) reported statutory profit before tax of 26.0 million pounds for the 52 weeks ended 24 January 2021 compared to 37.4 million pounds, previous year. Earnings per share was 17.16 pence compared to 26.49 pence. Profit before tax and exceptional items was 32.8 million pounds, down 12.3%. Basic earnings per share before exceptional items was 22.31 pence compared to 26.50 pence.
Fiscal year revenue was 227.0 million pounds, down 11.2% from last year.
The Group said it remains committed to plan to recommence dividend payments during the course of the financial year ending January 2022.
Opinion: Give Final Four coach Scott Drew every bit of credit for Baylor’s remarkable men’s basketball turnaround
No matter how many times he got to the men's NCAA Tournament, no matter how many stories were written about how he rescued Baylor from one of the worst scandals in the history of college sports and turned it into one of the nation’s best programs, there was always something about Scott Drew that made him a target for ridicule.
Maybe it was the fact that his uber-athletic teams used to play a passive zone defense that too often made his program look lazy and foolish under the klieg lights of postseason play. Maybe it was the back-to-back tournament losses to Georgia State and Yale in 2015 and 2016 when Baylor got beat by inferior teams. Or maybe it’s that Drew comes across as one of the corniest people in college coaching, a cross between Midwestern nice and Texas televangelist who, when you meet him in person, almost seems too good to be true.
But as of Monday night, here’s how Drew should be referenced from now until the end of time: Final Four coach, perhaps even a future Hall of Famer.
Food Lion, Hannaford Recall Taste Of Inspirations Parmesan Garlic Wing Sauce
Food Lion, affiliated to Ahold Delhaize USA, and Hannaford Supermarkets recalled select Parmesan Garlic Wing Sauce, under the Taste of Inspirations brand. The recall was due to the possible presence of undeclared fish, a known allergen, the U.S. Food and Drug Administration said.
The affected products by both companies come with Lot code 210305 and a Best By Date of March 5, 2022.
Salisbury, North Carolina -based Food Lion said its Parmesan Garlic Wing Sause were mislabeled and contain undeclared fish. The impacted products may have been purchased between February 20, 2021 and March 20, 2021.
The food store, which operates more than 1,000 stores in 10 Southeastern and Mid-Atlantic states, said the customers with fish allergies who purchased the impacted products can return them for a refund equal to double the purchase price in accordance with Food Lion’s “Double Your Money Back Guarantee.”
Further, Hannaford Supermarkets said the contents of the recalled bottle of Parmesan Wing Sauce do not match the label. The bottles were incorrectly filled with Taste of Inspirations Garlic Parmesan Dressing and have an undeclared allergen, fish.
Hannaford said its customers with fish allergies may return the item to a Hannaford store for a full refund. No injuries or illnesses have been reported to date related to the recalled products.
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