BBC News
watch One-Minute World News
Last Updated: Wednesday, 19 March 2008, 11:32 GMT
Imperial hit by 140m merger cost
Cigarettes
Imperial is the world's fourth-largest tobacco company
Imperial Tobacco has said it will take a one-off loss of 140m ($280m) due to accountancy adjustments relating to its January takeover of rival Altadis.

The UK group, the world's fourth biggest cigarette-maker, bought Franco-Spanish Altadis for 12.6bn euros ($19.9bn; 9.9bn) in January.

Imperial said its trading conditions remained in line with expectations.

Cigarette brands owned by the Bristol-based company include Lambert & Butler, West and Gauloises.

"The adjustments will have no effect on the underlying business performance or cash flows of the group," it said in a statement.

Shares in the firm were down 1% in Wednesday trading.



SEE ALSO
Imperial Tobacco's profits grow
30 Oct 07 |  Business
Altadis agrees to Imperial offer
18 Jul 07 |  Business
Sales rise lifts Imperial Tobacco
01 May 07 |  Business
CVC may be rival Altadis bidder
13 Apr 07 |  Business
Altadis snubs fresh Imperial move
10 Apr 07 |  Business
Imperial may buy Gauloises firm
15 Mar 07 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific