Category Archives: Cigarette Manufacturers
Tobacco companies are biggest political spenders
The Australian Electoral Commission (AEC) has released financial disclosure returns that show the donations of more than $11,500 made to political parties and the political expenditure of donors. Large tobacco companies spent about $14 million as they fought against the Federal Government’s plain packaging laws. British American Tobacco, Phillip Morris and Imperial Tobacco gave a total of $9 million to … Continue reading
Earnings Preview: Altria Group Inc.
Altria Group Inc., parent of the biggest U.S. cigarette maker, Philip Morris USA, is expected to report higher fourth-quarter profit and revenue when it releases its results before the stock market opens Friday. As Americans buy fewer cigarettes amid increasing health concerns and rising tobacco taxes, Altria’s volumes have fallen markedly, but the company has managed to maintain its profit … Continue reading
Reynolds American, Inc. (RAI): Zacks Rank Buy
Reynolds American, Inc. (RAI ) has been trading like a high flyer for the last few months, hitting a number of new all-time highs as investors shift into more conservative segments of the market. With a high industry rank and estimates on the rise, this Zacks #1 Rank stock is burning up the charts. Reynolds American, Inc., through its subsidiaries, … Continue reading
Cigarette Sales May Be Off, But Lorillard Still Rolls On
Fewer Americans smoke cigarettes these days, but Lorillard Inc. is betting it can buck the trend. Last year, as part of a decades-long decline, the percentage of U.S. adults who smoke dropped below 20%. Altria Group Inc. and Reynolds American Inc., the two largest U.S. tobacco companies by sales, have begun diversifying into smokeless tobacco products, which are less harmful … Continue reading
Altria Suit to Block New York Flavored Tobacco Ban Dismissed
Altria Group Inc. (MO)’s lawsuit challenging a 2009 New York City law banning the sale of flavored smokeless tobacco products except in tobacco bars was dismissed. U.S. District Judge Colleen McMahon in Manhattan today rejected arguments by two Altria units, U.S. Smokeless Tobacco Manufacturing and U.S. Smokeless Tobacco Brands, that the law is preempted by the federal law that gave … Continue reading
Cigarette Makers Win Battle Against Totally Grody Warning Labels
For all the times the tobacco industry has (rightfully) been shut down in its attempt to woo new customers, they must’ve been granted a boon by the legal gods, as they’ve won a battle against nasty, graphic cigarette package warning labels. So how did Goliath beat David this time? Free speech, says Reuters. A federal judge told the U.S. it … Continue reading
Philip Morris International Inc.: Today’s Featured Tobacco Winner
The tobacco industry closed the day down 0.3%. Alliance One International Inc ( AOI ) were all winners today within the tobacco industry with Philip Morris International Inc ( PM ) being today’s featured tobacco winner. Philip Morris International Inc rose $1.01 (1.6%) to $66.31 on average volume. Throughout the day, 7.9 million shares of Philip Morris International Inc exchanged … Continue reading
Smoke signals say Imperial Tobacco could soon set City alight
Smoke signals spouting from dealing rooms suggested Imperial Tobacco could soon set the City alight. Shares of the Lambert Butler and Embassy cigarette manufacturer were puffed up to 2182p before they closed 5p better at 2161p on whispers that China Investment Corporation (CIC), the sovereign wealth fund responsible for managing part of the People’s Republic of China’s foreign exchange reserves, … Continue reading
Bulgaria’s Competition Watchdog Gives Green Light to Bulgartabac Privatization
Bulgaria’s Commission for Protection of Competition gave a go-ahead to Vienna-registered BT Invest to acquire the country’s tobacco monopoly, cigarette maker Bulgartabac Holding. The news was reported Tuesday by the Bulgarian National Radio, BNR, citing the Commission’s decision, which came on the grounds the deal must be given a green light since it would not obstruct effective and loyal competition. … Continue reading
Japan’s Ruling Party Proposes Sale of Entire Japan Tobacco Stake
Japan’s ruling party proposed selling the government’s majority stake in Japan Tobacco Inc., the world’s third-biggest publicly traded cigarette maker, to help fund rebuilding after the March 11 earthquake. Japan Tobacco fell 0.8 percent to 360,000 as of 1:01 p.m. in Tokyo trading after earlier rising as much as 9.2 percent, the most in six months. The broader Topix index … Continue reading
