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Archive for April, 2013

Sales up, profits mixed at Swedish Match

Sales up, profits mixed at Swedish Match

April 30, 2013 | Comments (0)

Swedish Match’s sales increased by 2 percent to SEK2.98 billion ($460 million) during the first quarter of fiscal 2013. In local currencies, sales for the first quarter increased by 5 percent. Operating profit from product areas for the first quarter declined by 8 percent to SEK832 million. In local currencies, operating profit from product areas […]

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Imperial latest to hop aboard e-cig train

Imperial latest to hop aboard e-cig train

April 30, 2013 | Comments (0)

Imperial Tobacco, the world’s fourth-largest cigarette group by market share, said it had set up a venture to develop e-cigarettes, as it battles an increasingly tough consumer environment in Europe. The company said Fontem Ventures would look into areas such as e-vapor cigarettes, according to a story published by Reuters. “We’re looking at opportunities and […]

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Video interview: Imperial Tobacco’s half-year 2013 results.

Video interview: Imperial Tobacco’s half-year 2013 results.

April 30, 2013 | Comments (0)

CEO Alison Cooper and Financial Director Bob Dyrbus comment on Imperial Tobacco Group’s half-year 2013 results. The video was created by Merchantcantos, a provider of financial news about FTSE100 and FTSE250 companies.

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OLAF report: no evidence against Dalli

OLAF report: no evidence against Dalli

April 29, 2013 | Comments (0)

EU anti-fraud office OLAF had no hard evidence that former health commissioner John Dalli tried to solicit a bribe from a tobacco firm. The information comes from its confidential report into the Dalli case, part of which was leaked on Sunday, April 28, by the MaltaToday news agency. In his cover letter to the paper, dated […]

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Coresta announces scientific meetings

Coresta announces scientific meetings

April 26, 2013 | Comments (0)

Coresta’s smoke-techno meeting will take place at the Metropol-Parasol Convention Center in Seville, Spain, Sept. 29-Oct. 3, 2013. Hosted by the Imperial Tobacco Group, this is a joint meeting of the organization’s Smoke Science and Product Technology study groups. Coresta’s agro-phyto meeting will take place Oct. 13-17, 2013, at the Borgobrufa spa resort in Torgiano, […]

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Riley to replace Nelson as head of Philip Morris Fortune Tobacco

Riley to replace Nelson as head of Philip Morris Fortune Tobacco

April 26, 2013 | Comments (0)

Cigarette maker Philip Morris Fortune Tobacco Corp. will have a new president starting  May 1, taking the reins from Chris Nelson who is retiring effective on the same date. In an emailed statement, the company said Nelson will be succeeded by Paul Riley, another company veteran, as PMFTC president. “Chris has long expressed his desire to retire […]

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Tax hike leaves retailers, puffers smoking mad

Tax hike leaves retailers, puffers smoking mad

April 25, 2013 | Comments (0)

An increase in in Canada’s Manitoba province’s tobacco tax has some smokers and tobacconists worried about the holes it’s expected to burn through their wallets and bottom lines. On  April 16, the province announced an immediate $0.04 hike in the tax, to $0.29 per cigarette, as part of its 2013 budget, according to a story in […]

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'Light' label could cost Altria $544 million

‘Light’ label could cost Altria $544 million

April 25, 2013 | Comments (0)

Altria Group Philip Morris USA unit falsely marketed its “light” cigarettes as a healthier choice than regular cigarettes and should pay $543.6 million in restitution to California smokers, a lawyer said at the start of a trial, according to a story in Bloomburg News. Mark Robinson, who represents smokers who brought the lawsuit as a […]

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Japan Tobacco tops competition, forecast beats estimates

Japan Tobacco tops competition, forecast beats estimates

April 25, 2013 | Comments (0)

Japan Tobacco, the world’s best-performing cigarette maker this year, forecast a record profit that beat analyst estimates and raised its projected annual dividend by 35 percent on rising overseas sales and a weaker yen, according to Bloomberg News. Net income will probably be ¥415 billion ($4.2 billion) for the year ending March 2014, the Tokyo-based […]

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BAT sales up 5 pct, driven by global brands

BAT sales up 5 pct, driven by global brands

April 25, 2013 | Comments (0)

British American Tobacco reported revenue growth of 5 percent at constant rates of exchange in the first quarter ended March 31, adding that global drive brand cigarette volumes grew by 1 percent. The report stated: Revenue growth of 1 percent at current rates of exchange. Cigarette volumes from subsidiaries fell 3.7 percent to 160 billion, with a decrease […]

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