Breaking News

Indian government measures hurting ITC

Indian government measures hurting ITC

| January 26, 2015

ITC’s profit during the quarter that ended on December 31, at Rs26.35 billion, fell slightly short of analysts’ estimates of Rs26.92 billion as higher taxes on cigarettes and a government push to discourage tobacco consumption throughout India hurt sales, according to a Reuters story. ITC, which accounts four out of every five cigarettes sold in […]

Read More

Public should be told of vapor products’ advantages

Public should be told of vapor products’ advantages

| January 23, 2015

Vapor products seem to have hit a rocky patch in the US and it is possible that only well thought out regulation will help smooth the way ahead. Bonnie Herzog, the managing director of Beverage, Tobacco & Convenience Store Research at Wells Fargo Securities, says that a survey her group had conducted among about 20,000 […]

Read More

Plain packs proposal “a serious error of judgement”

Plain packs proposal “a serious error of judgement”

| January 23, 2015

Legislation aimed at imposing in the UK standardized packaging for cigarettes and fine-cut tobacco is due to be put before parliament during the current session, which is scheduled to end on March 30. Many observers had assumed that the legislation would not be introduced until after May 7, when the UK is due to go […]

Read More

JTI’s response to factory jobs plan “contemptuous”

JTI’s response to factory jobs plan “contemptuous”

| January 23, 2015

Japan Tobacco International has rejected a trade union plan to save 500 jobs at the Gallaher cigarette factory site in Northern Ireland, according to a story by Henry McDonald for The Guardian. Unite, the union representing most workers at the plant, confirmed on Wednesday that the owners planned to end production there by 2017. Overall […]

Read More

Health minister backs quitting with e-cigarettes

Health minister backs quitting with e-cigarettes

| January 23, 2015

The health minister of Canada’s Quebec province, Gaétan Barrette, has come out in favour of using electronic cigarettes as a way to quit smoking, according to a story by Geoffrey Vendeville for the Montreal Gazette. “Electronic cigarettes are a means to quit smoking that is clearly extraordinarily efficient,” he told reporters after a legislative committee […]

Read More

Imperial to put US assets acquisition to shareholders

Imperial to put US assets acquisition to shareholders

| January 23, 2015

Imperial Tobacco is due to hold its Annual General Meeting on January 28. And, following the conclusion of the AGM, a general meeting will be held to seek shareholder approval for the proposed acquisition of assets in the US. The presentation transcripts and slides from both meetings will be available on the company’s website following […]

Read More

itm banner

Burghart

Burghart

solpariwala