Category: Corporate

Mighty in talks over future

Mighty in talks over future

| May 16, 2017

Some observers believe that Mighty Corp could alleviate its present problems with the Philippines’ tax authorities if it were to be acquired by another tobacco player.

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Altria to webcast AGM

Altria to webcast AGM

| May 12, 2017

The audio content of Altria’s Annual Meeting of Shareholders is being made available through a webcast on May 18.

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Results due May 23

Results due May 23

| May 12, 2017

Vice president and treasurer Candace C. Formacek will host Universal Corporation’s webcast of its results conference call.

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Vapor pushing out smoke

Vapor pushing out smoke

| May 10, 2017

Part of the reason for a sharp decline in Japan Tobacco Inc’s domestic cigarette sales during the first quarter of this year was the increase in industry sales of vapor products.

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JTI to shut Malaysia plant

JTI to shut Malaysia plant

| May 10, 2017

About 270 people will be made redundant when, later this year, JTI Malaysia closes its factory ‘to ensure consistency in the supply of our quality products to our consumers…’

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Swedish Match sales up

Swedish Match sales up

| May 9, 2017

Swedish Match enjoyed a six percent increase in sales – three percent calculated in local currencies – during its first quarter of 2017.

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RAI declares dividend

RAI declares dividend

| May 5, 2017

Reynolds American Inc.’s board of directors has declared its quarterly dividend and elected Susan M. Cameron non-executive chairman.

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RAI’s cigarette volume down

RAI’s cigarette volume down

| May 4, 2017

RAI’s honeymoon with Newport seems to be over. First quarter Newport volume was down by 2.9 percent, though the brand’s market share was up by 0.1 of a percentage point.

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PM USA’s volume down

PM USA’s volume down

| May 3, 2017

PM USA’s first-quarter cigarette volumes fell in line with industry-wide trends, while its smokeless volumes took a hit because of a voluntary recall. Cigar volumes, however, were up.

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Imperial’s volume down

Imperial’s volume down

| May 3, 2017

Imperial Brands’ tobacco volume was down by 5.7 percent during its first six months, according to the company’s interim results issued today.

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PMI to webcast remarks

PMI to webcast remarks

| May 3, 2017

Jacek Olczak, CFO of Philip Morris International, will front the company’s presentation at the Goldman Sachs Global Staples Forum.

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PMI to webcast meeting

PMI to webcast meeting

| April 27, 2017

Philip Morris International’s chairman, Louis C. Camilleri, and its CEO, André Calantzopoulos, will address the company’s annual meeting of shareholders on May 3.

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PMI’s cigarette volumes tumble

PMI’s cigarette volumes tumble

| April 21, 2017

During the first quarter of this year PMI’s cigarette volumes were down by 11.5 percent on those of the first quarter of 2016. Adding in IQOS volumes reduced that fall to 9.4 percent.

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RAI to publish results

RAI to publish results

| April 20, 2017

Reynolds American Inc. is due to publish its first quarter results on May 3.

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Altria to webcast results

Altria to webcast results

| April 19, 2017

Discussion of Altria’s first-quarter results will be the subject of a webcast on May 2.

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BAT buys Bulgarian brands

BAT buys Bulgarian brands

| April 13, 2017

The purchase by British American Tobacco of ‘several’ cigarette brands owned by Bulgartabac will increase significantly BAT’s market share in Bulgaria.

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CEO collects $27.6 million

CEO collects $27.6 million

| April 10, 2017

Altria’s CEO Martin Barrington saw his pay rise by 107 percent between 2015 and 2016, to US$27.6 million.

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Beyond the smoke

Beyond the smoke

| April 10, 2017

In its latest annual report, Ceylon Tobacco Company has emphasised its contribution to Sri Lanka’s economy.

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Japan okays acquisition

Japan okays acquisition

| April 6, 2017

British American Tobacco’s proposed acquisition of Reynolds American Inc. has moved a step closer with the Japanese authorities having given unconditional antitrust approval.

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‘Time nigh’ for acquisition

‘Time nigh’ for acquisition

| March 30, 2017

There’s a good chance JTI will bid for Imperial Brands in 2017, according to industry analysts.

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