Category Archives: Cigarette Manufacturers
BAT posts US$2m profit
BRITISH American Tobacco Zimbabwe has posted a US$2 million profit for the interim period ended June 30, 2011 on the back of the improving economic environment. During the period, turnover for the group increased 88 percent to US$17,5 million resulting in an operating profit of US$2,7 million up from US$367 000 recorded in the prior year. In a statement accompanying … Continue reading
Japan Tobacco Gains After Minister Says Cigarette Prices Should Rise 75%
Japan Tobacco Inc. (2914), the world’s third-biggest publicly traded cigarette maker, climbed to the highest in three years on speculation it can lift prices more than the tax increases proposed by the health minister. Japan Tobacco rallied 5.4 percent to 368,000 yen, the highest since October 2008, at the 3 p.m. close of trading in Tokyo. It had the second-biggest … Continue reading
Philip Morris International Inc. Increases Quarterly Dividend 20.3% to $0.77 Per Share
The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today increased the company’s regular quarterly dividend by 20.3%, to an annualized rate of $3.08 per common share. The new quarterly dividend of $0.77 per common share, up from $0.64 per common share, is payable on October 11, 2011, to stockholders of record as of September … Continue reading
Big tobacco brings in top silk
British American Tobacco Australia (BATA) will wheel out one of the nation’s most expensive lawyers tomorrow to front a Senate inquiry examining Labor’s legislation. Allan Myers QC will join BATA chief executive David Crow in giving evidence regarding a bill that will amend the Trade Marks Act. The Gillard government hopes the change will protect plain packaging from a legal … Continue reading
Bulgaria Signs Contract to Sell Bulgartabak to Russia’s VTB
Bulgaria signed a contract with a unit of Russia’s second-largest bank OAO VTB to sell a majority stake in Bulgartabak Holding (57B), ending a fourth effort in 12 years to sell the biggest state-owned tobacco manufacturer. The buyer of the 80 percent stake for 100.1 million euros ($136.6 million), Austrian-registered BT Invest GmbH, must continue producing tobacco and cigarettes and … Continue reading
Lawyer confirms Philip Morris a former client
The lawyer of 2 petitioners who asked a local court to stop a Metro Manila public smoking ban confirmed Thursday that Philip Morris is a former client of his law firm. Lawyer Luis Gregorio Jesus de la Paz said his law firm, Gonzales Batiller David Leabres Reyes & Associates, worked for Philip Morris Inc. as a consultant before the tobacco … Continue reading
Japan Tobacco: Nicotine, Yes; Radioactivity, No
Japan’s smokers can breathe easy, more or less: whatever else is in their cigarettes, there’s no radiation, according to Japan Tobacco Inc. The world’s third-largest tobacco manufacturer by sales volume said Tuesday that in order to “allay consumer concern” about the possibility of radiation contamination in cigarettes, it has been conducting tests since mid-August on the domestic cured leaf tobacco … Continue reading
University fights Philip Morris tobacco research bid
Philip Morris International (PMI), which makes Marlboro cigarettes, has submitted Freedom of Information (FoI) requests to Stirling University. The research examines why the teenagers start smoking and what they think of tobacco marketing. Academics said agreeing to the request would be a major breach of confidence. They are also concerned it could jeopardise future research. Prof Gerard Hastings, of the … Continue reading
Tobacco giants tell Whitehall to hand over its secret minutes
The tobacco industry is targeting the Department of Health to extract information about meetings between government officials and researchers who are investigating the public-health implications of new smoking policies. One leading tobacco company has asked for – and been given access to – the minutes of a confidential meeting between health department officials, cancer experts and foreign government officials – … Continue reading
British American Tobacco Seeks Australia Government Advice through Courts
British American Tobacco PLC (BTI) said Monday it will again pursue the Australian government through the courts in an effort to obtain the legal advice given to the government in its decision to push ahead with measures to implement plain packaging on cigarette packets. From January next year, the Australian government wants to remove all branding and advertising from cigarette … Continue reading
