Imperial Brands on Sept. 26 cut its revenue outlook for the full financial year of 2019, from the forecast of at or above the upper end of a 1%-4% range to around 2%.
The group said this was driven by a weaker performance from Next Generation Product, a unit that focuses on e-cigarettes and vapour-based products, as more wholesalers and retailers declined to order or allow promotion of vaping products amid regulatory uncertainty. The expected constant earnings per shares guidance was also cut from the bottom-end of a 4%-8% range to “broadly flat”.
The U.S. Food and Drug Administration is investigating more than 150 vaping products and substances and said it has activated its criminal investigations arm to explore the supply chain of vaping products and identify the cause of the recent outbreak of vaping-related illnesses and deaths.
KarenKKwok But would legal regulated vaping be better then cigarettes?
Reuters KarenKKwok 'Vapocalypse'... good invention! Vaping, no matter what the substance is, is dangerous. No foreign chemical should be inhaled. into a person's only pair of lungs.
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