Category: Corporate

Universal to webcast results

Universal to webcast results

| July 24, 2017

Universal Corporation’s first-quarter results will be the subject of a webcast conference call on August 3.

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PMI’s volume down sharply

PMI’s volume down sharply

| July 21, 2017

A sharp drop in Philip Morris International’s second-quarter shipments of cigarettes was mitigated by a good increase in shipments of heated tobacco units.

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BAT-RAI deal approved

BAT-RAI deal approved

| July 20, 2017

As expected, shareholders in British American Tobacco and Reynolds Inc. have approved the acquisition of RAI by BAT.

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JT’s June sales decimated

JT’s June sales decimated

| July 14, 2017

In June, Japan Tobacco Inc’s domestic cigarette sales volume was down by just over 10 percent, while its domestic cigarette revenue was down by just under 10 percent.

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Results webcasts scheduled

Results webcasts scheduled

| July 14, 2017

Later this month both Philip Morris International and the Altria Group are due to webcast their second-quarter results: PMI on July 20; Altria on July 27.

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Mighty tax story moves on

Mighty tax story moves on

| July 13, 2017

The long-running story of Mighty Corporation’s tax affairs could be drawing to a close if the Philippines’ tax authorities conclude that Mighty’s offer is one they cannot refuse.

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Spreading the word

Spreading the word

| June 29, 2017

Some of the major tobacco manufacturers are not only investing hugely in less-risky products, they are putting much effort into spreading the word about these products.

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Prosecutions sought

Prosecutions sought

| June 23, 2017

In Israel, two politicians are seeking to have cigarette companies prosecuted because their actions are allegedly ‘an attack on Israeli residents’.

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Jobs targeted at Reynolds

Jobs targeted at Reynolds

| June 22, 2017

British American Tobacco estimates that its proposed acquisition of Reynolds American Inc will result in cost savings of $400 million by 2020.

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Turning swords into tobacco

Turning swords into tobacco

| June 21, 2017

The tobacco industry is playing its part in a program aimed at integrating former members of the Revolutionary Armed Forces of Colombia into the society they previously fought.

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Tobacco under scrutiny

Tobacco under scrutiny

| June 21, 2017

It could take up to 18 months to get to the bottom of allegations that tobacco companies in Spain were involved in non-competitive practices.

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Shareholders go to court

Shareholders go to court

| June 21, 2017

Reynolds American Inc. shareholders are seeking more information than they have been given in respect of the proposed acquisition of the company by British American Tobacco.

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SM announces buy-back

SM announces buy-back

| June 21, 2017

A Swedish Match share buy-back program launched yesterday is due to run until July 21.

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RAI calls takeover meeting

RAI calls takeover meeting

| June 19, 2017

British American Tobacco’s takeover of Reynolds American is expected to be completed by July 25, a week after RAI shareholders will be asked to approve the deal.

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Sales down at Alliance

Sales down at Alliance

| June 15, 2017

Alliance One International was hit in fiscal 2017 by the triple whammy of smaller leaf tobacco crops in Brazil, Tanzania and the US, but the outlook for fiscal 2018 is brighter.

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Imperial appoints director

Imperial appoints director

| June 13, 2017

The chairman of PharmaCielo Limited, a Canada-based supplier of medicinal-grade cannabis oil extracts and related products, has been appointed to Imperial Brands’ board.

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RAI names BAT-era team

RAI names BAT-era team

| May 31, 2017

According to a Reynolds American Inc. announcement, most of its senior team will remain in place after British American Tobacco acquires RAI, though a few will leave.

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JT on sustainability

JT on sustainability

| May 26, 2017

Commenting on the publication of the JT Group’s 2016 Sustainability Report, Japan Tobacco International said that one of the challenges it had tackled was ‘the elimination of child labor’.

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Flue-cured output to rise

Flue-cured output to rise

| May 24, 2017

Flue-cured production is set to rise and Burley production is set to fall during the next 12 months, according to Universal Corporation, which issued its annual results yesterday.

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Thompson to leave USTC

Thompson to leave USTC

| May 23, 2017

Stuart Thompson is stepping down as CEO of USTC,, following differing opinions with the company’s board members on business strategy.

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