Tag: tobacco

RAI increases quarterly dividend

RAI increases quarterly dividend

| May 10, 2013

Reynolds American Inc. said yesterday that its board of directors had approved a 6.8 percent increase in the quarterly cash dividend on the company’s common stock, taking it from $0.59 per share ($2.36 per share annualized) to $0.63 per share ($2.52 per share annualized). The dividend will be payable on July 1 to shareholders of […]

Read More

Tobacco the crop of choice in Zimbabwe

Tobacco the crop of choice in Zimbabwe

| May 9, 2013

Zimbabwe had sold 107 million kg of flue-cured tobacco for a total of $400 million by the end of the 55th day of sales, according to a story in the Zimbabwe Herald. By the same stage of last season’s sales, 84 million kg of flue-cured had been sold for  $315 million. The Tobacco Industry and […]

Read More

Tobacco industry has little to fear from EU TPD proposals

Tobacco industry has little to fear from EU TPD proposals

| May 9, 2013

The European Commission believes that its proposed revisions to the Tobacco Products Directive would, if adopted, have limited adverse impact on the tobacco industry – and some positive impacts. “The adoption of the proposal for a revised Tobacco Products Directive was preceded by a thorough impact assessment, including an assessment of the economic impacts on […]

Read More

E-cigarettes under threat in EU

E-cigarettes under threat in EU

| May 9, 2013

The European Commission has said that the majority of e-cigarettes sold in the EU would most likely fall under pharmaceutical legislation if the commission’s proposed revisions to its Tobacco Products Directive were to be accepted. The commission has proposed that e-cigarettes would fall under the legal framework for medicinal products if they contained levels of […]

Read More

Cuba joins fight over Aussie plain packaging rules

Cuba joins fight over Aussie plain packaging rules

| May 6, 2013

Cuba has become the latest country to launch a legal attack on Australia’s landmark plain packaging rules for tobacco at the World Trade Organization (WTO). The laws came into effect last December and mean cigarettes can only be sold in brown packages with graphic health warnings. The WTO says Cuba has requested consultations with Australia […]

Read More

UK plain packaging plan goes up in smoke

UK plain packaging plan goes up in smoke

| May 2, 2013

U.K. Prime Minister David Cameron has scrapped plans to force all cigarettes to be sold in plain packs, according to a story published today in The Sun. Health ministers had been considering the move for a year. Proponents had insisted making packages bland would put smokers off — and stop kids from picking up the habit. Cameron initially backed the plan, but has […]

Read More

Despite EU weakness, German smokers stay strong

Despite EU weakness, German smokers stay strong

| May 1, 2013

Alison Cooper, CEO of Imperial Tobacco, said cigarette and tobacco sales in Germany were “excellent,” despite the EU’s economic weakness, which hit the British multinational’s half-year profits. “We are growing cigarette share, we are growing fine-cut share, and not just at the value end of the market. We have seen growth at the top-end in brands […]

Read More

Tax hike leaves retailers, puffers smoking mad

Tax hike leaves retailers, puffers smoking mad

| April 25, 2013

An increase in in Canada’s Manitoba province’s tobacco tax has some smokers and tobacconists worried about the holes it’s expected to burn through their wallets and bottom lines. On  April 16, the province announced an immediate $0.04 hike in the tax, to $0.29 per cigarette, as part of its 2013 budget, according to a story in […]

Read More

BAT sales up 5 pct, driven by global brands

BAT sales up 5 pct, driven by global brands

| April 25, 2013

British American Tobacco reported revenue growth of 5 percent at constant rates of exchange in the first quarter ended March 31, adding that global drive brand cigarette volumes grew by 1 percent. The report stated: Revenue growth of 1 percent at current rates of exchange. Cigarette volumes from subsidiaries fell 3.7 percent to 160 billion, with a decrease […]

Read More

IMHA urges brand protection

IMHA urges brand protection

| April 25, 2013

The trade body representing the global hologram industry is urging organisations to review and if necessary redouble their brand protection and authentication strategies to stem the “hemorrhage” of counterfeit goods flowing out of china. That’s the stark message from the International Hologram Manufacturers Association (IHMA) which was commenting on a new UN report that says […]

Read More

UK campaigners condemn ‘sexist’ study on plain packaging

UK campaigners condemn ‘sexist’ study on plain packaging

| April 25, 2013

Campaigners in the U.K. opposed to plain packaging of tobacco have described as “sexist” a study that says young female smokers get less satisfaction and less enjoyment from smoking cigarettes that come in plain, standardized packs. Hands Off Our Packs campaigner Angela Harbutt, a smoker, said, “The idea that plain packaging will have a greater […]

Read More

E-cigarettes could turn kids into smokers, health department says

E-cigarettes could turn kids into smokers, health department says

| April 25, 2013

The Philippine health department warned the public on April 12 against e-cigarettes, saying the tobacco substitute could turn children into smokers. E-cigarettes have been gaining favor among Filipinos as higher tobacco taxes make smoking more expensive, according to a story in the Manila Times. Food and Drug Administration director-general Kenneth Hartigan-Go disputed what he said were […]

Read More

Indonesia: Cigarette makers blame costs for lower profits

Indonesia: Cigarette makers blame costs for lower profits

| April 25, 2013

Cigarette manufacturers in Indonesia blamed higher production costs and currency fluctuations for the slow-down in their business throughout 2012. Revenues at PT Gudang Garam increased by 17.1 percent to reach IDR49.03 trillion ($5 billion). However, their spending also increased, jumping 25.6 percent to IDR39.84 trillion. The higher spending and losses from currency fluctuations ultimately saw […]

Read More

TTM wary of decreasing market share

TTM wary of decreasing market share

| April 25, 2013

The Thailand Tobacco Monopoly (TTM) has gradually lost market share to imported cigarettes since the country lifted the tax barrier two decades ago, says director-general Torsak Chotimongkol. Local cigarettes still claim 76 percent of the market, but foreign cigarettes are likely to gain one percentage point to 25 percent by the end of this year, according to […]

Read More

Vietnam’s anti-smoking law to take effect May 1

Vietnam’s anti-smoking law to take effect May 1

| April 25, 2013

Vietnam’s law on the prevention and control of smoking takes effect on May 1, 2013, according to the Health Ministry, according to a story in VietnamPlus. The law, with five chapters and 35 clauses, regulates measures aimed to reduce the demand for tobacco, control supply and prevent tobacco harm, said the ministry at a conference in […]

Read More

TIMB report: nearly $300 million in sales of golden leaf

TIMB report: nearly $300 million in sales of golden leaf

| April 25, 2013

The Tobacco Industry and Marketing Board (TIMB) has recorded close to $300 million from the sales of the golden leaf as more farmers deliver their crop to the country’s three auction floors, according to a story by Zimbabwe’s NewsDay. TIMB shows that as of Wednesday (Day 44), revenue had reached $289 million from 77,787 million […]

Read More

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

Lorillard’s 1Q profit up 47 pct on higher pricing, e-cig sales, lower costs

| April 25, 2013

Lorillard’s first-quarter profit jumped 47 percent as higher prices, e-cigarette sales and lower legal expenses from a longstanding legal settlement offset a decline in traditional cigarette sales. The nation’s third-biggest tobacco company on Wednesday reported earnings of $328 million, or 86 cents per share, for the period ended March 31, up from $223 million, or […]

Read More

Reynolds American profits jump 88 pct in Q1, volume down

Reynolds American profits jump 88 pct in Q1, volume down

| April 24, 2013

Consumers squeezed by higher gas prices and an increase to the payroll tax led Reynolds American Inc. to report a sharp drop in cigarette volumes in the first quarter. “Overall, the external environment remained challenging,” President and CEO Daniel Delen said. “Industry cigarette volumes were negatively impacted by higher energy prices, the expiration of the payroll-tax […]

Read More

Australian fund gets tough on TOMRA’s tobacco ties

Australian fund gets tough on TOMRA’s tobacco ties

| April 23, 2013

An Australian superannuation and investment fund is leading an international effort to pressure a Norwegian machinery maker to leave the tobacco  industry. In what amounts to a new front in the war against tobacco, Australian Ethical will put forward a resolution on Monday at the annual general meeting of Norwegian company TOMRA, demanding it stop selling tobacco sorting […]

Read More

NC tobacco tax totals turn down

NC tobacco tax totals turn down

| April 19, 2013

North Carolina, USA, is catching up with a lot of other American states in collecting less tax revenue on cigarettes and other forms of tobacco. In the first nine months of fiscal 2013, which began in July, state revenue collections were $190 million, down 6 percent from the $202 million that came in during a comparable […]

Read More