Archive for February, 2013

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Video interview: BAT’s CEO on 2012 results

Video interview: BAT’s CEO on 2012 results

| February 28, 2013

British American Tobacco’s CEO, Nicandro Durante, comments on the company’s 2012 results.

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BAT’s volume down 1.6 per cent in 2012

BAT’s volume down 1.6 per cent in 2012

| February 28, 2013

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 […]

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Molins’ tobacco machinery sales down but scientific services sales increase

Molins’ tobacco machinery sales down but scientific services sales increase

| February 28, 2013

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 […]

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Court upholds New York City ban on flavored smokeless tobacco products

Court upholds New York City ban on flavored smokeless tobacco products

| February 28, 2013

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 […]

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Dutch retailers want cigarette possession by under-16s to be fining offence

Dutch retailers want cigarette possession by under-16s to be fining offence

| February 28, 2013

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 […]

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Altria board declares dividend

Altria board declares dividend

| February 28, 2013

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.

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