Category: Financial

Play it again, Sam

Play it again, Sam

| August 15, 2017

Malawi’s growers are being told once again that quality is the key to ‘significant earnings’. This is true, but who is it that is pocketing these significant earnings’?

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Sale confirmed

Sale confirmed

| August 9, 2017

The sale to Japan Tobacco Inc. of Gudang Garam’s subsidiary Karyadibya Mahardika and its distributor Surya Mustika Nusantara has been confirmed in a regulatory filing.

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Insurance “rip-off”

Insurance “rip-off”

| August 8, 2017

The low risk profile associated with the use of electronic cigarettes is not reflected in the life insurance premiums charged to people who use these devices.

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Burley in short supply

Burley in short supply

| August 4, 2017

Overall, tobacco crop qualities are good and Burley looks like being in short supply.

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AOI volume stable

AOI volume stable

| August 4, 2017

Alliance One International says that it is well positioned to supply tobacco both for traditional-tobacco products and for new-generation products being developed.

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JT’s volume plummets

JT’s volume plummets

| August 2, 2017

The Japanese market for traditional cigarettes dropped like a stone during the first half of this year, partly in line with long-term trends but also because of the switch by smokers to heated-tobacco products.

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Earnings hit in Indonesia

Earnings hit in Indonesia

| August 2, 2017

A perfect storm of tax increases, anti-tobacco regulations and fierce competition have taken their toll on the earnings of Indonesia’s big cigarette manufacturers.

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PM USA’s volume down

PM USA’s volume down

| July 28, 2017

While Altria reported cigarettes sales down in the three months to the end of June, its sales of cigars and smokeless tobacco products were up.

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Prices linked to poverty

Prices linked to poverty

| July 28, 2017

A study has found that, in brief, increases in cigarette prices can make the financially less-well-off even poorer.

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BAT’s volume down

BAT’s volume down

| July 27, 2017

British American Tobacco’s cigarette volume was down sharply in the first six months of this year, but it says it has made good progress with its next-generation-product business.

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Few state quit-aids

Few state quit-aids

| July 27, 2017

Despite the revenue provided by tobacco taxes and other imposts, the state of West Virginia is providing no funds for the West Virginia Division of Tobacco Prevention.

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Focus on the source

Focus on the source

| July 26, 2017

A professor of public health in the US has called for the focus of tobacco control to be shifted from smokers to cigarette manufacturers.

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Profit up at Swedish Match

Profit up at Swedish Match

| July 24, 2017

Swedish Match’s operating profit during the second quarter to the end of June was up by eight percent on its profit for the second quarter of last year.

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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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Tax deal edges closer

Tax deal edges closer

| July 21, 2017

The acceptance of an initial payment of about P3.5 billion toward the liabilities of the Philippines’ Mighty Corp seems to be the harbinger of a final resolution of this tax dispute.

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Illegal trade exposed

Illegal trade exposed

| July 20, 2017

The revenues that governments and law-abiding manufacturers lose every year to the illegal trade in tobacco are huge, the US Commission on Security and Co-operation has been told.

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Illegal trade increasing

Illegal trade increasing

| July 20, 2017

In Greece, where a relentless pursuit of austerity has imposed financial hardships on ordinary people, it was only to be expected that the illegal trade in cigarettes would increase.

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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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