Imperial Brands - Bristol-based tobacco company - Launches second tranche of ongoing programme, announced in early October, to repurchase up to £1.1 billion of shares. Says it will repurchase up to £550 million of shares for this tranche, starting on Monday and ending no later than October 29. All shares repurchased will be cancelled. First buyback tranche, commenced on October 6, also was worth £550 million.

Current stock price: 1,741.50 pence, up 2.9%

12-month change: down 9.3%

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