Category: Financial

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

Tobacco hospitals opposed

Tobacco hospitals opposed

| July 12, 2017

The idea that tobacco companies should become involved in hospitals was always going to run into opposition. What next? Tobacco schools?

Read More

Research under-appreciated

Research under-appreciated

| June 26, 2017

The once-famous tobacco research station at Kutsaga, Harare, is struggling with problems created by underfunding.

Read More

Jobs targeted at Reynolds

Jobs targeted at Reynolds

| June 22, 2017

British American Tobacco estimates that its proposed acquisition of Reynolds American Inc will result in cost savings of $400 million by 2020.

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

MSA scam alert

MSA scam alert

| June 19, 2017

US state attorneys general have warned that an online advertisement could mislead people into believing they are eligible for thousands of dollars a month in tobacco settlement payments.

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

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

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

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

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’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