Breaking News

High tobacco taxes increase revenue and reduce cigarette consumption in Turkey

High tobacco taxes increase revenue and reduce cigarette consumption in Turkey

| July 16, 2014

Smoking rates and cigarette consumption dropped dramatically in Turkey between 2008 and 2012/13, but tobacco tax revenue doubled, according to a story in the Daily Sabah quoting government figures. The introduction of a ban on smoking in enclosed public places and an almost doubling of taxes saw the annual consumption of cigarettes fall by 15 […]

Read More

Tobacco oligopoly is boon for taxman

Tobacco oligopoly is boon for taxman

| July 16, 2014

Commenting in Forbes on the recently announced proposed takeover of Lorillard by Reynolds American, Daniel Fisher said the deal would join the No.2 and No.3 US tobacco companies under the control of British American Tobacco, which would own 42 per cent of the combined company shorn by Imperial Tobacco of a number of brands and […]

Read More

RAI to webcast results conference call

RAI to webcast results conference call

| July 16, 2014

Reynolds American is due to host a conference call and webcast from 09.00 hours Eastern Time on July 29 following the release of its second-quarter 2014 financial results before the market opens on that day. The conference call, which will be available on a listen-only basis, will hear from speakers Susan M. Cameron, president and […]

Read More

RAI to acquire Lorillard, sell brands to Imperial

RAI to acquire Lorillard, sell brands to Imperial

| July 15, 2014

Reynolds American Inc. (RAI) will acquire Lorillard for $27.4 billion. To help ease antitrust scrutiny that the deal may face, Imperial Tobacco has agreed to purchase the Kool, Salem, Winston, Maverick and Blu Ecigs brands for $7.1 billion, more than tripling its share of the U.S. cigarette market. Imperial will also acquire Lorillard’s manufacturing and […]

Read More

Second global nicotine forum scheduled

Second global nicotine forum scheduled

| July 15, 2014

The organizers of the recently held Global Forum on Nicotine have announced that they will stage another such event in a year’s time. The second Global Forum on Nicotine is scheduled to take place at the Marriott Hotel, Warsaw, on June 5–6, 2015. The first GFN, which attracted about 200 people from 30 countries, was […]

Read More

Lung groups criticized over position statement on e-cigarettes

Lung groups criticized over position statement on e-cigarettes

| July 15, 2014

A position statement on e-cigarettes issued last week by a group of international lung health organizations has been strongly criticized by a leading U.S. health expert. “Experts from the world’s leading lung organizations have released a position statement on electronic cigarettes, focusing on their potential adverse effects on human health and calling on governments to […]

Read More

Denmark referred to court over failure to ban less risky tobacco product

Denmark referred to court over failure to ban less risky tobacco product

| July 15, 2014

The European Commission on Thursday referred Denmark to the EU Court of Justice (CJEU) for not banning all forms of snus. With the exception of Sweden, the sale of snus is prohibited throughout the EU. The commission said that it was referring Denmark to the CJEU for failure to amend its national legislation so as […]

Read More

Cigarette sales plummet during Ramadan

Cigarette sales plummet during Ramadan

| July 15, 2014

With the Islamic fasting month of Ramadan midway over, shops in Oman’s capital, Muscat, are experiencing a drop in cigarette sales of up to 45 percent, according to a story in the Oman Observer. And the pattern of sales is different, with few sales being made during the day but a rush occurring after iftar, […]

Read More

New longer-lasting e-cigarette on offer

New longer-lasting e-cigarette on offer

| July 15, 2014

FirstUnion says it has used new battery materials and a different internal structure to develop a more economical, longer-lasting, disposable e-cigarette that yields high puff counts, “immense vapor” and a fresher taste using a safer battery. The new design is said also to allow for a longer shelf-life. The new battery materials were said by […]

Read More

Lorillard acquisition talks confirmed

Lorillard acquisition talks confirmed

| July 14, 2014

Reynolds American (RAI) and Lorillard have confirmed that they are in discussions about a possible acquisition of Lorillard by RAI. The confirmations followed a statement by Imperial Tobacco—in response to U.K. disclosure obligations—that it had been part of the discussions as a possible purchaser of certain RAI and Lorillard brands and assets should the acquisition […]

Read More

Dalli seeking €1.9 million in damages

Dalli seeking €1.9 million in damages

| July 14, 2014

The former EU health commissioner, John Dalli, is seeking €1.9 million in material damages from the EU after what he alleges was his forced resignation from the European Commission in October 2012, according to a story in the Times of Malta. Up until his resignation, Dalli was responsible for the new Tobacco Products Directive, which […]

Read More

Sugar is the new tobacco

Sugar is the new tobacco

| July 14, 2014

Kuwait’s Ministry of Health is considering whether it should ask the government to increase taxes on tobacco products and cancel subsidized sugar from the monthly rations of its citizens, according to a Kuwait News Agency report quoting the ministry’s undersecretary, Khaled Al-Sahlawi. The proposed moves would be aimed at reducing the incidence of noncommunicable diseases […]

Read More

Nominal duty increase will have impact

Nominal duty increase will have impact

| July 14, 2014

Although an excise-duty increase on cigarettes by the Nepalese government has been described as “nominal”; it is nonetheless expected to have an impact on the tobacco trade in the long term, according to a Republica story quoting a tobacco manufacturing executive. In the budget for fiscal year 2014–2015, which Finance Minister Dr. Ram Sharan Mahat […]

Read More

Imperial employees provide flood relief

Imperial employees provide flood relief

| July 14, 2014

Employees from across Imperial have been helping to support those affected by the severe floods in Serbia, Croatia and Bosnia. The heaviest downpours for 120 years saw communities flooded and thousands of people left homeless and cut off. A number of Imperial employees were directly impacted, including two sales representatives in Bosnia who lost their […]

Read More

Omnipack acquires Torcapack

Omnipack acquires Torcapack

| July 11, 2014

CTI Invest and Omnipack have taken over all activities of Torcapack, a Spanish producer of shoulder boxes for the tobacco industry. The operations will remain in Antequera but will be operated and administrated by from Omnipack’s Barcelona headquarters. The shoulder-boxes business will be incorporated under the brand name Omnipack in the future. The acquired activities […]

Read More

Imperial statement gives credence to RAI/Lorillard merger speculation

Imperial statement gives credence to RAI/Lorillard merger speculation

| July 11, 2014

Imperial Tobacco has confirmed that it is in discussions with Reynolds American Inc. (RAI) and Lorillard about the possible acquisition of certain brands and assets owned by RAI and Lorillard. Imperial’s statement supports speculation that RAI is in talks over the acquisition of Lorillard because any such merger would require the divestment of brands so […]

Read More

Calls for tighter anti-tobacco law in China

Calls for tighter anti-tobacco law in China

| July 11, 2014

Anti-tobacco activists in China have called for Beijing’s proposed smoking control legislation to be more tightly defined, according to an Ecns.cn story. The legislation, which is currently under review, is scheduled to take effect next year. It includes a proposal that smoking be banned in public places, but Zhang Jianshu, head of the Beijing Patriotic […]

Read More

Malawi’s tobacco export earnings up

Malawi’s tobacco export earnings up

| July 11, 2014

The value of Malawi’s leaf tobacco exports during the first five months of this year, at $137.7 million, were increased by 58 percent on those of the first five months of 2013, $87 million. The exports, which, in the case of the 2014 figures, were from the Reserve Bank of Malawi, and which, in the […]

Read More

JT’s domestic volume down in first half

JT’s domestic volume down in first half

| July 11, 2014

Japan Tobacco Inc’s domestic cigarette sales volume during June, at 8.9 billion, was down by 6.5 percent on that of June 2013, 9.5 billion, according to preliminary figures issued by the company today. The June 2013 figure was down by 4.2 percent on that of June 2012. Volume during January–June 2014, at 55.1 billion, was […]

Read More

Flue-cured seed sales up in Zimbabwe

Flue-cured seed sales up in Zimbabwe

| July 11, 2014

Tobacco seed sales for Zimbabwe’s 2014–2015 flue-cured season, at 827,010 g, were up by almost 6 percent on those at the same stage of preparation for the 2013–2014 crop, 781,135 g, according to a story in The Herald quoting the Tobacco Industry and Marketing Board’s latest bulletin. Planting of the country’s irrigated tobacco is due […]

Read More

PMI to host results webcast

PMI to host results webcast

| July 11, 2014

Philip Morris International is due to host a live audio webcast at www.pmi.com/webcasts from 9 a.m. Eastern Time on July 17 to discuss its 2014 second-quarter results, which will be issued around 7 a.m. the same day. During the webcast, which will be in listen-only mode, CFO Jacek Olczak will discuss the company’s results and answer […]

Read More

Cut smoking for good of the economy: WHO chief tells Chinese leaders

Cut smoking for good of the economy: WHO chief tells Chinese leaders

| July 10, 2014

The head of the World Health Organization, Margaret Chan, has told Chinese leaders there is a “real risk” that China’s economic achievements of the past three decades could be canceled out by the huge burden of coping with diseases linked to smoking, according to a story by Zhuang Pinghui for the South China Morning Post. […]

Read More

Cut smoking among U.K.’s mentally ill for good of the economy: researchers urge

Cut smoking among U.K.’s mentally ill for good of the economy: researchers urge

| July 10, 2014

More must be done in the U.K. to help people with mental health issues stop tobacco smoking because a new study suggests that such people cost the economy more than £2 billion a year, according to a Press Association story. The study, published in the journal Tobacco Control, was said to have estimated the cost […]

Read More

BAT linked with possible RAI acquisition and both linked with Lorillard deal

BAT linked with possible RAI acquisition and both linked with Lorillard deal

| July 10, 2014

British American Tobacco could be on the verge of acquiring Reynolds American Inc., according to a story by Geoff Foster for This is Money’s Market Report. BAT’s shares, Foster noted, had fallen by 19.5 pence to 3555.5 pence amid growing speculation it was ready to splash out billions of pounds buying the 58 percent of […]

Read More

Australia cuts funding for quit-smoking initiatives among its indigenous people

Australia cuts funding for quit-smoking initiatives among its indigenous people

| July 9, 2014

Cuts to Australia’s Tackling Indigenous Smoking program in this year’s budget will contribute to the early deaths of Aboriginal smokers, according to a story by Sarah Dingle for the Australian Broadcasting Corporation quoting warnings by a former race discrimination commissioner. The program’s budget is $65 million a year, but Tom Calma said a decision had […]

Read More