Category: Financial

JTI sells KT&G stake

JTI sells KT&G stake

| December 5, 2019

Japan Tobacco International sold its 2.1 percent stake in KT&G of South Korea on Wednesday, ending a decade of strategic partnership.

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De La Rue in trouble

De La Rue in trouble

| November 29, 2019

Security and anti-counterfeiting solution provider De La Rue expressed concern about its future after it reported a pretax loss of £12.8 million in the first half of 2019.

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STG reports results

STG reports results

| November 18, 2019

Scandinavian Tobacco Group reported net sales of DKK1.85 billion in the third quarter of 2019, down from DKK1.89 billion in the comparable 2018 period.

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PMI revises forecast

PMI revises forecast

| November 5, 2019

Philip Morris International today revised its 2019 full-year reported diluted earnings per share forecast for restructuring charges in Germany.

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Net income down

Net income down

| November 4, 2019

Turning Point Brands feels impact of negative vaping headlines.

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Value slashed

Value slashed

| October 31, 2019

Altria has written down its Juul investment by more than a third, citing a proposed federal ban on flavored e-cigarettes and regular crackdowns by states and municipalities throughout the U.S.

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Profits up

Profits up

| October 25, 2019

Zyn drives sales growth at Swedish Match.

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PMI reports results

PMI reports results

| October 17, 2019

Sales of tobacco-heating products increase against declining sales of traditional cigarettes.

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Tobacco top earner

Tobacco top earner

| October 16, 2019

Despite declining cigarette sales, tobacco is the third most profitable business in the United States, according to a ranking compiled by Comparisun.

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Scaling back

Scaling back

| September 17, 2019

Demonstrating the potential impact of a U.S. vapor products ban, industry pioneer NJoy Holdings has changed plans for its upcoming funding round.

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BAT beats estimates

BAT beats estimates

| August 1, 2019

British American Tobacco’s (BAT) first-half profit beat analysts’ estimates as smoking alternatives cushioned the continuing decline in cigarette sales.

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Altria shares slide

Altria shares slide

| July 31, 2019

Altria shares slid 5 percent on July 30 as the company warned that cigarette sales declines are accelerating and it’s “too soon” to judge Juul’s international expansion.

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JT reports results

JT reports results

| July 31, 2019

Conventional tobacco products remain an important driver of the group’s performance, says CEO.

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Taxing balancing act

Taxing balancing act

| March 22, 2019

Indonesia’s Finance Minister has spoken honestly to young people about the dilemma that tobacco raises in a country where it is economically important but destructive health-wise.

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Cigarette revenue increased

Cigarette revenue increased

| March 20, 2019

Japan Tobacco Inc’s domestic cigarette revenue for January and February was increased on that of the same two months of 2018, even though volumes continued to fall.

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Seeking a grand settlement

Seeking a grand settlement

| March 13, 2019

Facing possible court awards that exceed its assets, Imperial Tobacco Canada is seeking to resolve all outstanding Canadian tobacco litigation under a court-supervised process.

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The ban didn’t work. Why?

The ban didn’t work. Why?

| March 13, 2019

People are often told that, if they don’t succeed, they should try, try again. But this should be the case only if, after the initial failure, they examine honestly what went wrong.

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Creditor protection granted

Creditor protection granted

| March 11, 2019

Japan Tobacco Inc. says that its subsidiary JTIMacdonald Corp, having successfully filed for protection from its creditors, will be able to carry on with its business as normal.

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Accounting for judgment

Accounting for judgment

| March 5, 2019

British American Tobacco is making provision in case it cannot recover a C$758 million ‘asset’ currently held in a Canadian court’s escrow account.

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Vaping ‘ordeal’ in Thailand

Vaping ‘ordeal’ in Thailand

| March 4, 2019

A ‘holiday’ in Thailand that turned into an ‘ordeal’ for a French woman provides a cautionary tale for vapers venturing to other countries.

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