Category: Financial

Market down by 11.8 percent

Market down by 11.8 percent

| November 1, 2017

Japan Tobacco Inc is holding its own on a free-falling domestic cigarette market, but it is still playing catch-up in respect of heat-not-burn products.

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SM’s sales up and down

SM’s sales up and down

| October 30, 2017

At Swedish Match during the third quarter, volume snus sales were up, moist snuff sales were down, cigar sales were up and chewing tobacco sales were down.

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PM USA’s volume down

PM USA’s volume down

| October 27, 2017

Altria’s cigarette shipments were down by 6.2 percent during the third quarter, while its cigar shipments were increased by 6.6 percent and its smokeless-products shipments were down by 1.8 percent.

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Universal to webcast results

Universal to webcast results

| October 26, 2017

Candace C. Formacek, vice president and treasurer of Universal Corporation, will host a second-quarter-results conference-call on November 7.

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Tobacco tax over-inflated

Tobacco tax over-inflated

| October 23, 2017

Campaigners are concerned that UK smokers are going to be hit with a second tax rise this year, and one that might be based on a flawed measure of inflation.

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PMI’s 3Q volume down

PMI’s 3Q volume down

| October 20, 2017

On a volume basis, Philip Morris International’s sales of HeatSticks are almost making up for the fall in sales of cigarettes: almost, but not quite.

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ILO told to cut tobacco ties

ILO told to cut tobacco ties

| October 19, 2017

The Southeast Asia Tobacco Control Alliance has accused the tobacco industry of doing little to address poverty among tobacco farmers.

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PMI to webcast results

PMI to webcast results

| October 13, 2017

CFO Jacek Olczak is due to discuss Philip Morris International’s third quarter results during a live audio webcast on October 19.

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Mighty tax case closed

Mighty tax case closed

| October 9, 2017

Three tax evasion complaints against Mighty Corporation have been withdrawn following an agreement under which the Philippines’ government is to be paid about P40 billion.

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UK workers ‘furious’

UK workers ‘furious’

| October 5, 2017

Japan Tobacco International, which is said to have handed £1.6 billion to shareholders last year, has upset its UK Gallaher workers by proposing to change their pension arrangements.

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Call to pay quitters

Call to pay quitters

| October 3, 2017

Providing people with financial incentives to quit smoking is said to be one of the most effective and cost-effective strategies.

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Funding applications sought

Funding applications sought

| October 2, 2017

The second funding round of Philip Morris International’s IMPACT initiative is focused on converging forms of illegal trade and related crimes.

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Support for tobacco control

Support for tobacco control

| September 29, 2017

Sri Lanka is one of 15 priority countries that will receive support for implementing the World Health Organization’s Framework Convention on Tobacco Control.

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Imperial Brands on track

Imperial Brands on track

| September 28, 2017

In a trading statement, Imperial Brands said today that it was ‘gearing up for new launches in an extended footprint’ of new generation products.

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Tracking tobacco costly

Tracking tobacco costly

| September 20, 2017

UK retailers are concerned that an EU tobacco-products tracking-and-tracing system could prove burdensome.

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JT’s Mighty deal completed

JT’s Mighty deal completed

| September 8, 2017

The acquisition of Mighty Corporation by Japan Tobacco Inc largely brings to an end a ‘disruptive’ period in the history of the Philippines’ cigarette market.

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Call to end contract farming

Call to end contract farming

| September 7, 2017

Despite the benefits that tobacco growing produces for Zimbabwe – and for tobacco dealers and manufacturers, and governments in other countries – most growers remain poor.

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Growers told to up quality

Growers told to up quality

| September 7, 2017

One of two stories published in the Philippines yesterday suggests that growers can earn more by improving leaf quality, while the second suggests that graders might downgrade their leaf.

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Smoking costs unaffordable

Smoking costs unaffordable

| August 31, 2017

With a 20 percent adult tobacco-smoking rate only a 2030 aspiration, China will struggle to bear the economic and social cost of the habit, some observers believe.

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Tax hikes recommended

Tax hikes recommended

| August 29, 2017

It must be comforting for the financially-poor of Indonesia to know that academics are recommending that they be further pauperized in order to cure their poverty, long term.

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