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The company also predicts an increase in group adjusted operating profit growth. This comes alongside a planned £1.1 billion (£1 = $1.21) share buyback program for fiscal 2024, marking a 10% increase from the previous year’s initiative. The buyback is scheduled to begin on Friday and conclude in September 2024.
The decision for the share buyback was influenced by increased net revenue growth and robust European sales of next-generation products. Imperial Brands also anticipates that total capital returns will surpass £2.4 billion, including dividends and buybacks.
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