Tag Archives: British American Tobacco
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
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
British American Tobacco and illogical markets
Peaking BATS The reason for this slightly longer introduction is to set the scene for British American Tobacco (BATS.L) – a share which I know many readers will already own a slice of. Its share price has risen from around £3 to the current price of £26.66 in just 11 years. This equates to an annualised growth rate of around … 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
BAT Korea eyes premium cigarette market in Korea
British American Tobacco Korea is striving to shore up its presence in the Korean market with premium cigarette products. The Korean unit of the global manufacturer has been diversifying its portfolio of pricey cigarettes with Dunhill and Kent brands in a bid to boost profits amid stagnant population growth and rising health concerns. Although surging prices of tobacco leaves and … Continue reading
Big tobacco to take Australia packaging fight to higher court
Cigarette giant British American Tobacco (BAT) plans to appeal an Australian court ruling that handed the tobacco industry a setback in its campaign against the world’s first ban on branded cigarette packaging. The Australian government is legislating to enforce plain packaging for cigarettes in a bid to reduce smoking, angering the industry which has described the reform as a misguided … Continue reading
British American Tobacco boosted by Japanese tsunami
British American Tobacco (BAT) has emerged as one of the few winners from the Japanese tsunami after the company generated £50m of extra profits and shipped an extra 2bn cigarettes to the embattled country. Michael Prideaux, director of corporate and regulatory affairs, said: “With the tsunami, Japan Tobacco stopped production and we benefited massively. We ended last year with 11pc … Continue reading
Philip Morris Jacks Up Foreign Cig Prices, Smokes Up To $70
Philip Morris International, the world’s leading international tobacco company outside the U.S. and China, announce its Q2 2011 earnings on the 21st of July. PMI’s product portfolio boast of eight of the world’s top 15 brands, including Marlboro, the number one cigarette brand worldwide. Until a spin-off in 2008, Philip Morris International was an operating company of the Altria Group. … Continue reading
Philip Morris Flourishes Since Spinoff
Philip Morris International is the world’s leading international tobacco company with eight of the world’s top 15 international brands, including Marlboro, the top cigarette brand in the world. Until a spin-off in March 2008, Philip Morris International was an operating company of the Altria Group. The independent Philip Morris International sells tobacco products in the international markets while Altria maintains … Continue reading
BAT says Mexico’s tax hike on cigarettes spurs pirate brands
British American Tobacco Plc said Tuesday that the recent increase in Mexico’s cigarette tax opened the door to around 100 illegal brands. “As we expected, in just three months more than 100 pirate cigarette brands appeared that do not comply with the minimum requirements of the law – judging by their price of under 25 pesos ($2) for a pack … Continue reading
