Smoking from home: Imperial Brands sees revenue lift from pandemic

LONDON (Reuters) – Demand for cigarettes has picked up in the COVID-19 pandemic, helped by a rise in home working that has given smokers more opportunities to light up, Imperial Brands said on Thursday.

The maker of Gauloises and West cigarettes nudged up its full-year revenue forecast.

A spokesman for the British firm said consumers appeared to be spending more on tobacco as they saved money in other areas, such as travel and holidays, while working from home meant many of them were not restricted by when they could smoke.

The news came as Ladbrokes and bwin owner GVC Holdings raised its annual earnings outlook, helped by a surge in online gaming, in another sign consumers are looking to escape the stresses of the pandemic.

Imperial said it expected full-year net revenue to be broadly flat, with a 1% increase in its tobacco business offsetting a 30% drop in its

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Smoking From Home: Imperial Brands Sees Revenue Lift From Pandemic | Top News

LONDON (Reuters) – Demand for cigarettes has picked up in the COVID-19 pandemic, helped by a rise in home working that has given smokers more opportunities to light up, Imperial Brands said on Thursday.

The maker of Gauloises and West cigarettes nudged up its full-year revenue forecast.

A spokesman for the British firm said consumers appeared to be spending more on tobacco as they saved money in other areas, such as travel and holidays, while working from home meant many of them were not restricted by when they could smoke.

The news came as Ladbrokes and bwin owner GVC Holdings raised its annual earnings outlook, helped by a surge in online gaming, in another sign consumers are looking to escape the stresses of the pandemic.

Imperial said it expected full-year net revenue to be broadly flat, with a 1% increase in its tobacco business offsetting a 30% drop in its

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Australia to Expand First-Home Buyer Assistance to Lift Economy

(Bloomberg) — Australia will provide 10,000 extra places in a program to help first-home buyers and encourage construction as the economy recovers from the impact of the Covid-19 pandemic.



a sign on the side of a building: An advertisment for residential property is displayed on the fence of a show home at a new housing development in Melbourne, Australia, on Tuesday, Sept. 1, 2020. Australian house prices fell for a fourth consecutive month in August as a slump in the Melbourne market -- the center of a renewed Covid-19 outbreak -- weighed heavily on the national picture and expected higher unemployment continues to cloud the outlook.


© Bloomberg
An advertisment for residential property is displayed on the fence of a show home at a new housing development in Melbourne, Australia, on Tuesday, Sept. 1, 2020. Australian house prices fell for a fourth consecutive month in August as a slump in the Melbourne market — the center of a renewed Covid-19 outbreak — weighed heavily on the national picture and expected higher unemployment continues to cloud the outlook.

The First Home Loan Deposit Scheme will be expanded from Oct. 6 to support the purchase of a new or newly built home, Treasurer Josh Frydenberg said in a statement. About 20,000 people have already used the program, which allows them to purchase their first property with a deposit of

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