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Value of Swedish Match’s sales up sharply in Q1

Value of Swedish Match’s sales up sharply in Q1

| May 8, 2015

Swedish Match’s (SM) sales during the three months to the end of March, at SEK3,368 million, were up by 12 percent on those of the three months to the end of March 2014, SEK3,014 million. Operating profit was up by about 18 percent to SEK1,014 million, while operating profit from product areas, which excludes SM’s […]

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Power outages disrupt production in South Africa

Power outages disrupt production in South Africa

| May 8, 2015

British American Tobacco is losing as much as 10 percent of its South African output due to power cuts, according to a Reuters story. South Africa is said to be in the middle of its worst electricity crisis since 2008; so private and business customers suffer frequent controlled blackouts, which state utility Eskom implements to […]

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Indonesia seen as tobacco-tax battle ground

Indonesia seen as tobacco-tax battle ground

| May 8, 2015

A professor of public health at the University of Indonesia’s School of Public Health, Hasbullah Thabrany, has warned that Indonesia has become a main target for the tobacco industry, according to a story in The Jakarta Post. “It seems that we are in a battle ground, where tobacco company owners are among the country’s richest […]

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US tobacco farm workers on ‘subminimum wages’

US tobacco farm workers on ‘subminimum wages’

| May 8, 2015

A farm labor advocacy group was due yesterday to conduct a street protest for the eighth consecutive year outside the headquarters of Reynolds American Inc, according to a story by Richard Craver for the Winston-Salem Journal. The protest was scheduled to begin shortly after the end of Reynolds’ annual shareholder meeting. The protest is said […]

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RAI announces 44th consecutive quarterly dividend

RAI announces 44th consecutive quarterly dividend

| May 8, 2015

Reynolds American Inc. reported that shareholders had re-elected five directors at the company’s annual meeting yesterday; approved, on an advisory basis, the compensation of named executive officers; ratified the appointment of KPMG LLP as the independent registered public accounting firm for RAI’s 2015 fiscal year; and defeated two shareholder proposals. In addition, RAI’s board of […]

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Quebec to hold consultation on tobacco act changes

Quebec to hold consultation on tobacco act changes

| May 7, 2015

Imperial Tobacco Canada has come out in support of the ‘intention behind the amendments to the Quebec Tobacco Act’, but believes certain measures will not achieve the government’s public health objectives and, in some cases, will be counterproductive. According to a CBC News story relayed by the TMA, the junior minister for public health, Lucie […]

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