Video interview: BAT’s CEO on 2012 results
British American Tobacco’s CEO, Nicandro Durante, comments on the company’s 2012 results.
Archive for February, 2013
BAT’s volume down 1.6 per cent in 2012
British American Tobacco’s cigarette volume during the year to the end of December, at 694 billion, was down by 1.6 per cent on that 2011, 705 billion. The drop in volume was attributed to industry contractions in Western Europe, Brazil and Egypt, and losses in respect of low value brands in Indonesia and Turkey. The [...]
Molins’ tobacco machinery sales down but scientific services sales increase
Molins’ sales during the year to the end of December, at £93.0 million, were up by three per cent on those of 2011, £89.9 million. Its underlying profit before tax was up by nine per cent to £4.9 million and its underlying earnings per share was increased by 19 per cent to 21.8p. Tobacco Machinery [...]
Court upholds New York City ban on flavored smokeless tobacco products
The Altria Group has lost a bid to block a 2009 New York City law banning the sale of flavored smokeless tobacco products except in tobacco bars, according to a CSP (Convenience Store/Petroleum) story quoting a Bloomberg report. The US appeals court in New York on Tuesday upheld a lower-court ruling that rejected arguments by [...]
Dutch retailers want cigarette possession by under-16s to be fining offence
Tobacconists and petrol station owners in the Netherlands are calling on parliament to make it a criminal offence for the under-16s to be in possession of tobacco products, according to an Expatica.com story quoting the Telegraaf. Shopkeepers caught selling cigarettes to youngsters face a fine of €450 but the youngsters get off scot-free, the retailers [...]
Altria board declares dividend
The Altria Group said yesterday that its board of directors had declared a regular quarterly dividend of $0.44 per common share, payable on April 10 to shareholders of record as of March 15. The ex-dividend date is March 13.
Outdoor smoking ban overturned – but don’t get too comfortable
Pro-smoking forces have won a rare victory in Australia. After a two-year battle, smokers will again be allowed to light their cigarettes when dining outdoors in Parramatta, a suburb of Sydney, Australia, after the local council deferred to the wishes of restaurateurs concerned about lost profits, according to a story in the Sydney Morning Herald. [...]
NewCo provides $50-a-container support for projects in three producer countries
NewCo has said that for each container it ships to its clients during 2013, it will donate $50 to one of three foundations chosen by the client. The company said in a press note yesterday that it had decided to donate money to those who needed help ‘in their lives and in their development’. Together [...]
JT repurchases almost 87 million shares
Japan Tobacco Inc said today that it had repurchased 86,805,500 of its common-stock shares for ¥249,999,840,000. This followed a resolution by JT’s board of directors on Monday providing for the repurchase up to 118,000,000 of its common stock (6.20 per cent of the total issued shares, excluding treasury shares), or shares worth up to ¥250,000,000,000, [...]
New board member for Altria Group
The Altria Group said yesterday that its board of directors had elected Debra J. Kelly-Ennis to the board. With the addition of Kelly-Ennis, Altria’s board increases from 11 to 12 directors. Kelly-Ennis was president and chief executive officer of Diageo Canada, a subsidiary of Diageo plc, a global spirits, wine and beer company, from [...]
