Imperial Tobacco Gains After Bucking Europe Consumer-Goods Gloom
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Imperial Tobacco Group Plc led gains in the U.K. benchmark FTSE 100 Index as the maker of Davidoff cigarettes shrugged aside a tough quarter for Europe’s biggest consumer-goods makers to post annual results that met estimates.
The shares were up 4 percent as of 12:26 p.m. in London, also helped by a pledge to maintain dividend growth and a reassurance that cost-saving goals will be met.