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RAI declares quarterly dividend

RAI declares quarterly dividend

| July 18, 2014

Reynolds American’s board of directors yesterday 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 October 1 to shareholders of record on September 10. In making the dividend announcement, RAI said that it was the 41st consecutive quarterly cash dividend that […]

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Policies plainly not working in England

Policies plainly not working in England

| July 17, 2014

Conservative candidates in marginal seats, including public health minister, Jane Ellison, risk electoral defeat because of the government’s nanny state policies, according to a new survey* of English voters commissioned by the Democracy Institute, which describes itself as a politically independent think tank. Conducted before and after this week’s cabinet reshuffle, the poll was said […]

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Only 12.8 per cent of Australians smoking

Only 12.8 per cent of Australians smoking

| July 17, 2014

According to a US Campaign for Tobacco-free Kids story, Australian health officials yesterday reported that Australia’s smoking rate had dropped by more than 15 per cent – from 15.1 per cent in 2010 to 12.8 per cent in 2013 – ‘following the implementation of a landmark law requiring that cigarettes be sold in plain packaging’. […]

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Threat to single cigarette sales in India

Threat to single cigarette sales in India

| July 17, 2014

The Indian Health Ministry is considering whether it should ban the sale of single cigarettes, according to a story in the latest issue of the BBM Bommidala newsletter. In fact, such a ‘ban’ might be a case of enforcing one already in place since the ministry said the country’s Tobacco Act prohibited the sale of […]

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Zimbabwe grows biggest crop in 14 years

Zimbabwe grows biggest crop in 14 years

| July 17, 2014

Zimbabwe’s flue-cured production has surpassed 210 million kg for the first time in 14 years, according to a story in NewsDay. The last time output surpassed 210 million kg was in 2000 when it reached 227,726,000 kg. By July 15, the day of mop-up sales, 210,598,690 kg had been sold for $668,002,625; at an average […]

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SE approval for S&M’s Riverside

SE approval for S&M’s Riverside

| July 16, 2014

S&M Brands has received substantial equivalent orders from the U.S. Food and Drug Administration on its redesigned Riverside cigarette brand. S&M Brands is one of the few companies, behind Lorillard, that has navigated the Tobacco Control Act to obtain approval of a new cigarette tobacco product, and the first to obtain approval of a full […]

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Dismay in India over excise increases

Dismay in India over excise increases

| July 16, 2014

The Indian Finance Minister, Arun Jaitley, has steeply increased excise taxes on cigarettes as part of the 2014 Budget, prompting warnings about a rise in illicit trade, according to a number of stories in the latest issue of the BBM Bommidala Group newsletter. The specific tax on cigarettes has been increased by 11-72 per cent, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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