Imperial Brands sees regulatory uncertainty to hit earnings

(Reuters) - Tobacco group Imperial Brands on Wednesday forecast a 10% drop in its first-half profit and cautioned on full-year earnings because of a U.S. regulatory ban on some flavours of cartridge-based vapour devices and weaker consumer demand. The warning comes on the heels of Stefan Bomhard's appointment as the chief executive officer of the FTSE 100-listed group. Growth of Imperial's "next generation" products has slowed and the vaping market in the United States has taken a turn for the..