Breaking News

Volunteering might prove habit forming

| December 6, 2013

Almost 70 employees working for Imperial Tobacco subsidiaries in Madrid have taken part in the company’s first community help day held in the city.

The initiative was launched as part of the company’s corporate responsibility framework and co-ordinated through the Altadis Foundation.

Volunteers carried out tasks such as weeding and decorating to help spruce up two rundown areas in the Spanish capital.

The volunteers included the general manager for Iberia, Juan Arrizabalaga, and Premium Cigar Director Fernando Dominguez.

Sandra Maynegra, marketing manager for Cuban cigars, described the day as a “great experience,” while Rodrigo de Carlos, finance controller for Altadis, said the day’s activities might encourage some of the people involved to start volunteering on an individual basis.

Ex-chairman returns to RAI board

| December 6, 2013

Susan Cameron (Ivey) was yesterday elected to rejoin the RAI board of directors.

Cameron—or Ivey as she was then known—retired as chairman, president and CEO of RAI in February 2011.

She had served on the RAI board between 2004 and 2011.

Also yesterday, H.G.L. “Hugo” Powell retired from the RAI board.

Powell was one of RAI’s original board members when the company went public in July 2004.

Reynolds American declares dividend

| December 6, 2013

Reynolds American Inc. said yesterday that its board of directors had declared a quarterly cash dividend on the company’s common stock of $0.63 per share ($2.52 per share annualized).

The dividend will be payable on Jan. 2 to shareholders of record on Dec. 16.

The company said that this was the 38th consecutive quarterly cash dividend that RAI had declared since it became a public company on July 30, 2004.

“No impact of plain packaging on transactions”

| December 5, 2013

A study led by Curtin University professor Owen Carter, which timed transactions at retail stores before and after Australia’s plain packaging law took effect in December 2012, found virtually no difference in transaction times, reports the Australian Broadcasting Corp.

The study was conducted to investigate claims that transactions would take up to 45 seconds longer per pack, because plain packaging would be more difficult for retailers to locate.

Skycig appoints CFO

| December 5, 2013

Skycig, the Scottish e-cigarette company that was acquired by Lorillard in October, has appointed Bruce Casely as its chief financial officer. Casely is the former finance chief of U.S. online advertising firm Digital Globe Services.

Skycig’s president and co-founder Tom Rolfe said Casely will help the company integrate smoothly into a global corporation with complex financial reporting requirements, adding that his international experience would also support potential European expansion.

Casely has held executive and managerial positions at Bank of Scotland, Ernst & Young, Rothschild and Scottish & Newcastle.

China’s cigarette output soars despite tobacco control

| December 5, 2013

China’s cigarette production has soared over the past decade, despite efforts to curtail tobacco use, according to a new study, reported by China Daily.

Annual cigarette production in the world’s most populous country has increased 50 percent over the past 10 years, according to the report Tobacco Control in China from a Civil Society Perspective 2013. In the 12 months to October, Chinese tobacco companies produced 2.175 trillion cigarettes.

The latest finding echoed a similar recent assessment by the World Health Organization (WHO), which rates China as a poor performer among countries that have joined the Framework Convention on Tobacco Control.

The WHO assessment awarded China two of a possible 16 points on public smoking control, and zero points on tobacco advertising control. Moreover, the country’s tobacco tax rate, at 43.4 percent, is still below the world average, the assessment noted.

The Chinese government signed the FCTC in 2003.


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