The Altria Group is due to host a live audio webcast at altria.com from 09.00 Eastern Time on July 29 to discuss its 2015 second-quarter business results. The company will issue a results press note about 07.00 on the same day.
During the webcast, which will be in listen-only mode, chairman, CEO and president, Marty Barrington, and CFO, Billy Gifford, will discuss the results and answer questions from the investment community and news media.
Pre-event registration is necessary, and possible through directions posted at www.altria.com/webcasts.
An archived copy of the webcast will be available on altria.com or through the Altria Investor App. The free app is available for download at www.altria.com/irapp or through the Apple App Store or Google Play.
Reynolds American Inc. said yesterday that its board of directors had elected Robert Lerwill, the retired CEO of the Aegis Group, as a Class II director, effective immediately.
Lerwill, who fills the board vacancy created by the death of Sir Nicholas Scheele in July 2014, will serve on the board’s compensation and leadership development committee.
He is one of five RAI board members designated by Brown & Williamson Holdings, a subsidiary of British American Tobacco.
Lerwill was CEO of the Aegis Group, a global communications, media and market research company, from 2005 to 2008, and was a non-executive director of that group from 2000 to 2005.
He sat on the board of directors of BAT from 2005 to 2013, and currently sits on the boards of directors of ITC Limited, DJI (Holdings), Spire Healthcare and Impello.
“We welcome Robert to the board, and we look forward to working with him as RAI continues its strategy to transform the tobacco industry,” said Thomas C. Wajnert, chairman of the board.
The president of the Commercial Farmers’ Union (CFU), Wonder Chabikwa, has said that Zimbabwe needs to grow smaller crops in the future, according to a NewsDay story.
He said the CFU believed that if crops were smaller, the quality would improve and demand would increase.
Zimbabwe has had a difficult marketing season this year, reportedly due to the effects of erratic rains, poor yields and low average prices.
Chabikwa was quoted as saying the selling season was a huge disappointment because prices were too low. The average price for both contract and auction tobacco was $2.93 per kg compared to $3.17 per kg last year, a drop of 7.6 percent.
Meanwhile, the Zimbabwe Tobacco Association’s CEO, Rodney Ambrose, said that most farmers would not recoup what they had invested this season.
An Indian court has directed the federal government to implement a regulation requiring bigger health warnings on tobacco packaging, according to a Reuters story.
The measure had been put on hold pending a report from a parliamentary panel.
The government last year decided that 85 percent of a tobacco pack’s surface should be covered in warnings, up from about 20 percent now.
But in March the government deferred implementation of the regulation because a parliamentary panel said it was still reviewing how the industry would be impacted by the requirement for bigger health warnings.
A court order, issued by the High Court of Rajasthan state last week and seen by Reuters on Friday, has directed the federal government to implement the new regulations.
The government has four weeks to reply.
In Hong Kong, Children as young as six have ‘admitted’ trying electronic cigarettes, according to a story by Danny Lee for the South China Morning Post and citing the results of a survey conducted by the social welfare group Caritas.
The survey findings are said to have brought calls for tighter regulation of these devices and a ban on their sale to those under 18 years of age.
Of the 361 primary school children under the age of 12 who were surveyed, three percent said they had tried electronic cigarettes at least once. About 20 percent said they knew where to buy the products.
Caritas was said to have recommended that the government ‘legislate against the sale of e-cigarettes, including banning sales to those under 18’.
It also called for the labelling of all chemicals contained in the devices and for the provision of more guidance for parents about the ‘side-effects on children’.
Caritas said schools should be made to deploy ‘preventative education’.
The Asian Vape Association, a lobby group set up by electronic cigarette companies, previously told the Post that a government ban imposed without supporting scientific proof, would be irresponsible.
But it was said to have supported regulation of the devices.
“It is irresponsible for the government to prohibit personal vaporisers with no scientific basis,” a spokesman said.
“If they are worried about harmful substances, they should regulate them instead of banning them.”
Reynolds American Inc. is due to host a conference call and webcast following the release of its second-quarter 2015 financial results before the market opens on July 28.
The participants will be Susan M. Cameron, president and CEO; Andrew D. Gilchrist, CFO; and Morris L. Moore, vice president of investor relations.
The conference call and webcast, which will be in listen-only mode, will start at 09.00 Eastern Time.
The conference call will be available at www.reynoldsamerican.com, where registration is now possible and where a replay will be made available.
The conference call-in numbers are (877) 390 5533 (toll-free) and (678) 894 3969 (international).