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New CEO for Scandinavian Tobacco Group

New CEO for Scandinavian Tobacco Group

| February 9, 2015

Niels Frederiksen will take over on March 1 from Anders Colding Friis as the CEO of the Scandinavian Tobacco Group (STG), according to a story in the Copenhagen Post. Frederiksen, who has more than 15 years of experience in the tobacco industry, is currently STG’s executive vice president of the global supply chain and a […]

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Tobacco season to be pushed back

Tobacco season to be pushed back

| February 6, 2015

Zimbabwe is likely to push back the start of its tobacco marketing season by about a month from the traditional mid-February period. Tobacco Industry and Marketing Board Chief Executive Dr. Andrew Matibiri said that most of the dry-land crop, which accounts for most of the tobacco grown, is still in the early stages of maturing. […]

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EU shines glimmer of light on PMI’s gloomy volumes

EU shines glimmer of light on PMI’s gloomy volumes

| February 6, 2015

Philip Morris International’s shipment volumes during the 12 months to the end of December, at 855,954 million, were down by 2.8 percent on those of the 12 months to the end of December 2013, 880,169 million. Volumes were increased by 0.1 percent to 185,197 million in its EU region, but fell in each of its […]

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Imperial launching lifestyle electronic cigarette

Imperial launching lifestyle electronic cigarette

| February 6, 2015

Imperial Tobacco is due to launch a new electronic cigarette in France on Monday, a move that, according to a story by Martinne Geller for Reuters, will give the company a lifestyle brand to stand alongside its existing brand, Puritane, which is marketed more as a healthcare product. The new brand, called Jai, will be […]

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Good and bad news on Latvia’s contraband sales

Good and bad news on Latvia’s contraband sales

| February 6, 2015

Twenty eight point nine percent of the cigarettes smoked in Latvia last year were contraband, according to a report in The Baltic Course (UK) citing a study carried out by AC Nielsen during the fourth quarter of 2014. The good news is that 28.9 percent was the lowest proportion recorded by Latvia during the past […]

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Reynolds declares quarterly dividend

Reynolds declares quarterly dividend

| February 6, 2015

Reynolds American Inc.’s board of directors has declared a quarterly cash dividend on the company’s common stock of $0.67 per share ($2.68 per share annualized). The dividend is payable on April 1 to shareholders of record as of March 10. Reynolds reported that this was the 43rd consecutive quarterly cash dividend that it had declared […]

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