Tag Archives: tobacco company
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
Bulgaria Confirms: New Owner to Resell Bulgarbatac
Russia’s second-biggest bank VTB, which recently acquired a majority stake in Bulgaria’s cigarette maker Bulgartabac, is highly likely to resell the holding’s assets, the economy minister has said, confirming earlier media reports. “This may happen any minute as the contract bans the resale of the holding in the next ten years, but does not ban a change in the ownership … 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
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
China Kangtai Cactus to Enter German Tobacco Market
China Kangtai Cactus Biotech Inc., a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, announced today that it has signed sales agreements with Apollo Duty Free Shop GMBH and Tobosst Duty Free Shop GMBH, two of the biggest duty-free stores in Frankfurt, to sell Kangtai’s cactus-based “Sheng Cao” cigarettes in Germany. The company … 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
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
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
R.J. Reynolds Tobacco cutting more NC jobs
R.J. Reynolds Tobacco Co. is offering buyouts as the Winston-Salem company trims its work force as it is selling fewer cigarettes. The company is seeking volunteers among its 1,400 manufacturing employees, offering two weeks of pay for every year worked. Spokesman David Howard says about half of the cigarette-maker‘s manufacturing employees have at least 30 years with the company. Many … Continue reading
