Financial Times FT.com

Imperial Tobacco signals dividend cut

By John O’Doherty and Pan Kwan Yuk

Published: May 12 2009 11:03 | Last updated: May 12 2009 18:51

Demand for both bargain and premium brand cigarettes helped increase first-half turnover at Imperial Tobacco by more than 50 per cent.

However, its suggestions that it could reduce future dividend growth in order to take into account the restructuring costs of its recent Altadis acquisition left the shares 65p lower at £15.67.

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