Category: Financial

Lebanon suffers leaf losses

Lebanon suffers leaf losses

| May 24, 2018

A survey is to be carried out to determine the extent of losses incurred by tobacco growers in southern Lebanon, where viruses are said to have caused extensive damage.

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Universal presents results

Universal presents results

| May 24, 2018

Universal Corporation expects to make higher volume sales from the next tobacco-crop cycle, given that the global market remains stable.

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Universal results webcast

Universal results webcast

| May 21, 2018

Candace C. Formacek, vice president and treasurer at Universal Corporation, will host a results webcast on May 23.

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Cigarette sales fall

Cigarette sales fall

| May 18, 2018

Japan Tobacco Inc’s domestic cigarette volume and domestic cigarette revenue during April were each down by about 13 percent on those of April 2017.

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Seeking tax stability

Seeking tax stability

| May 14, 2018

A tobacco manufacturer operating in Kenya has made a plea for what is on the wish list of companies worldwide: a stable tax regime that delivers a predictable operating environment.

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Following the money

Following the money

| May 14, 2018

In the Philippines, a share of the excise taxes collected annually on the sale of tobacco products is supposed to go towards helping tobacco growers, but …

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Modest price increase

Modest price increase

| May 4, 2018

At least one observer believes that a modest price increase in the average price being paid to Zimbabwe growers for their flue-cured tobacco is down to concerns that the crop might be relatively small.

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New product promised

New product promised

| May 1, 2018

In reporting its first-quarter results, Japan Tobacco Inc said that it was looking to launch a new heated tobacco product in under a year.

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Marlboro US share down

Marlboro US share down

| April 27, 2018

PM USA’s first-quarter cigarette market share was down by 0.7 of a percentage point to 50.3 percent. Marlboro’s market share was down by 0.5 of a percentage point to 43.2 percent.

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Sales picking up

Sales picking up

| April 27, 2018

The average price paid to Zimbabwe’s growers for flue-cured tobacco seems to be hovering around where it was at about the same stage of the previous two seasons.

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PMI’s volumes falter

PMI’s volumes falter

| April 20, 2018

It was clearly not possible for Philip Morris International to maintain forever the huge growth rate of heated-tobacco-product sales that it had enjoyed in Japan; but there is a world beyond Japan.

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PMI to webcast results

PMI to webcast results

| April 16, 2018

The CFO of Philip Morris International will discuss the company’s first-quarter results as part of a webcast scheduled for later this month.

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Cigarette sales fall

Cigarette sales fall

| April 13, 2018

Japan Tobacco Inc’s domestic cigarette volume and domestic cigarette revenue during March were each down by about 14 percent on those of March 2017.

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Altria to webcast results

Altria to webcast results

| April 13, 2018

Altria’s chairman, CEO and president Marty Barrington and CFO Billy Gifford will discuss the company’s first-quarter results during a webcast later this month.

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Anti-tobacco groups closing

Anti-tobacco groups closing

| April 11, 2018

It seems inevitable that there will be a consolidation among tobacco-control organizations in countries where tobacco-consumption rates are falling.

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India invests in a meeting

India invests in a meeting

| April 9, 2018

The Indian government is calling a meeting to help it resolve a long-running dispute about what to do in respect of foreign direct investment in India’s tobacco sector.

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JT’s domestic volume down

JT’s domestic volume down

| March 16, 2018

Japan Tobacco Inc’s domestic cigarette volume continued to fall in February as Japan’s smokers continued to embrace heated-tobacco products.

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SEKAP fine suspended

SEKAP fine suspended

| March 7, 2018

A court in Greece has suspended a huge fine imposed on SEKAP that, it is said, would otherwise have condemned the tobacco company to bankruptcy.

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Tax structure hits TTM

Tax structure hits TTM

| March 5, 2018

There are some good arguments for operating a tobacco monopoly, but there can be no good argument for undermining such a monopoly with a badly-thought-out tax structure.

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BAT volumes increased

BAT volumes increased

| February 22, 2018

Its acquisition of Reynolds American in 2017 meant that British American Tobacco reported volume growth for the year. But it enjoyed too ‘excellent progress in its next-generation-product business.

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