Tag Archives: Japan 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 Continue reading

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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

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