Bloomberg Business

Imperial Brands Plans to Buy Back £1.1 Billion of Shares

Imperial Brands Plc, the maker of John Player Special cigarettes in the UK, will buy back as much as £1.1 billion ($1.3 billion) worth of shares, buoying the stock after Prime Minister Rishi Sunak proposed curbs on cigarettes and vaping.

Metro Bank Hires Morgan Stanley to Explore Capital Raise

Metro Bank Holdings Plc has hired Morgan Stanley to explore a potential capital raise after it faced pushback from regulators on a plan that would allow it to reduce the capital its required to hold.

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