Category: Corporate

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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’.

Read More

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.

Read More

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.

Read More

JT domestic volume down

JT domestic volume down

| May 19, 2017

In April, Japan Tobacco Inc’s domestic-market cigarette volume was down by 3.4 percent, while its domestic-market cigarette revenue was down by 3.1 percent.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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…’

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More