Category: Corporate

BAT expects tax reduction

BAT expects tax reduction

| January 9, 2018

The US Tax Cuts and Jobs Act is expected to reduce British American Tobacco’s effective tax rate percentage for the year to the end of December 2018.

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Interesting times

Interesting times

| January 5, 2018

The biggest challenge facing Japan Tobacco Inc’s new CEO will involve getting to grips with the evolving, complex issues surrounding next-generation products.

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Name change mooted

Name change mooted

| January 5, 2018

Molins PLC is considering changing its name to Mpac Group PLC, a name ‘aligned to its new strategic direction’.

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PM’s New Year resolution

PM’s New Year resolution

| January 3, 2018

Philip Morris’ New Year resolutions on quitting smoking comprise a much-needed and practical attempt to stimulate debate and offer helpful guidance.

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SEKAP’s future in question

SEKAP’s future in question

| December 28, 2017

The future of SEKAP, the Xanthi-based tobacco-products company that was established in 1975, is due to be discussed today at an extraordinary board meeting.

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JT taking over in Ethiopia

JT taking over in Ethiopia

| December 21, 2017

The Japan Tobacco group says it is confident it can take Ethiopia’s National Tobacco Enterprise Share Company to a new level of growth.

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New factory for Zambia

New factory for Zambia

| December 20, 2017

It could be the case that the rise of vapor products in high-income countries will lead to the manufacture of combustible cigarettes gradually being shifted to low-income countries.

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Exports booming

Exports booming

| December 19, 2017

Depending on your definition of a multi-national tobacco company; either KT&G is one or is well on its way to becoming one.

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JT’s domestic sales tumble

JT’s domestic sales tumble

| December 15, 2017

Japan Tobacco Inc.’s domestic cigarette sales volume and the value of those sales each fell by about 15 percent during November.

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BAT outperforming

BAT outperforming

| December 13, 2017

With an expected volume drop of four percent in 2017, British American Tobacco expects to have outperformed the industry.

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New CFO for Swedish Match

New CFO for Swedish Match

| December 12, 2017

Swedish Match’s CEO Lars Dahlgren says the company is fortunate to have a strong replacement for its departing CFO.

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Dividends declared

Dividends declared

| December 8, 2017

The boards of directors of Altria and Philip Morris International this week each declared a regular quarterly dividend.

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Export award for BAT Korea

Export award for BAT Korea

| December 7, 2017

The Sacheon plant operated by British American Tobacco Korea has been presented with an award after doubling its exports within a year.

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KT&G ambitions grow

KT&G ambitions grow

| December 1, 2017

The cigarette manufacturer KT&G has ambitions to knock one of the multinationals out of the top four places of tobacco manufacturers by 2025.

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UK wholesaler goes under

UK wholesaler goes under

| November 29, 2017

There will be logistical and financial consequences following the decision by Palmer & Harvey, the UK’s biggest tobacco wholesaler, to call in the administrators.

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Crew jumps RAI ship

Crew jumps RAI ship

| November 28, 2017

British American Tobacco’s regional director for its Americas region is due to head Reynolds American from next year following the resignation of Debra Crew.

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Tobacco shown the door

Tobacco shown the door

| November 28, 2017

The tobacco sector has joined a list of industries considered by BNP Paribas to be ‘sensitive’; a list that includes defense, nuclear energy and palm oil.

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JT ‘appointment’ unofficial

JT ‘appointment’ unofficial

| November 20, 2017

A story in the Japan Times reporting who was expected to replace the existing president at Japan Tobacco Inc. has not been confirmed by the company.

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JT’s domestic sales down

JT’s domestic sales down

| November 17, 2017

Japan Tobacco Inc.’s domestic cigarette sales volume and the value of those sales each fell by more than 12 percent during October.

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Still working with farmers

Still working with farmers

| November 13, 2017

British American Tobacco, which has been working with tobacco farmers for more than a century, said today it is working to enable prosperous livelihoods for its leaf-supplier farmers.

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