LONDON May 7 Imperial Tobacco Group posted sharp declines in reported revenue and profit on Wednesday, due to planned inventory reductions in a number of markets.
For the half year to 31 March, revenue fell 5 percent to 12.7 billion pounds ($21.6 billion)on a reported basis with operating profit down 17 percent to 999 million pounds.
($1 = 0.5885 British Pounds) (Reporting by Martinne Geller in London; Editing by Erica Billingham)
UPDATE 5-Kraft walks away from 'friendly' bid for Unilever
NEW YORK, Feb 19 U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
RPT-Pearson's turbulent markets to put Fallon's homework to the test
LONDON, Feb 17 John Fallon needs to show he has a plan to navigate Pearson through the sinking sands of its main markets when the world's biggest education company reports full-year results.