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Tag: "tobacco"

RAI increases quarterly dividend

May 10, 2013 | Comments (0)

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 […]

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Tobacco the crop of choice in Zimbabwe

May 9, 2013 | Comments (0)

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 […]

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Tobacco industry has little to fear from EU TPD proposals

May 9, 2013 | Comments (0)

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 […]

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E-cigarettes under threat in EU

May 9, 2013 | Comments (0)

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 […]

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Cuba joins fight over Aussie plain packaging rules

May 6, 2013 | Comments (0)

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 […]

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UK plain packaging plan goes up in smoke

May 2, 2013 | Comments (0)

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 […]

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Despite EU weakness, German smokers stay strong

May 1, 2013 | Comments (0)

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 […]

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Tax hike leaves retailers, puffers smoking mad

April 25, 2013 | Comments (0)

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 […]

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BAT sales up 5 pct, driven by global brands

April 25, 2013 | Comments (0)

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 […]

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IMHA urges brand protection

April 25, 2013 | Comments (0)

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 […]

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