Imperial Brands to cut dividend, sees bigger COVID-19 hit in second half

(Reuters) - Tobacco group Imperial Brands Plc on Tuesday said it plans to cut its dividend by a third as it seeks to save cash and pay down debt during the COVID-19 pandemic, and expects a bigger hit from the crisis in the second half of the year.The maker of Winston and Gauloises cigarettes reported slightly lower-than-expected first half revenue and sees a low-single-digit hit to earnings per share for the full year. The company blamed curbs on international travel hurting duty free sales and..