Imperial Brands Drops as U.S. Vaping Slowdown Threatens Goal
- Cigarette maker needs sales-growth acceleration in second half
- Shares fall to a five-year low on growth-target concerns
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Imperial Brands Plc dropped to a five-year low on concern that a slowdown in U.S. vape sales and weaker-than-expected tobacco revenue in the first half may push the cigarette maker’s full-year target out of reach.