A merger between Reynolds American and Lorillard would have benefits in their domestic market. It could also kick off more deals overseas.» Read More
March 3- U.S. tobacco company RJ Reynolds is exploring a bid for rival Lorillard Inc, the Financial Times reported, citing people familiar with the situation. The deal is expected to value Lorillard Inc, known for its Newport menthol cigarettes, in excess of $20 billion, the paper reported.
*Traders cite concerns over escalating Ukraine tension. LONDON, Feb 27- Escalating political tension in Ukraine pushed European stock markets lower on Thursday, putting a brake on this month's rally and causing market volatility to rise.
*Traders cite concerns over escalating Ukraine tension. LONDON, Feb 27- Escalating political tension in Ukraine weighed on European stock markets on Thursday, putting another brake on this month's rally.
SHANGHAI, Jan 16- When Qu Liang's wife became pregnant, the 30- year-old Shanghai salesman switched from smoking to "vaping", a practice uncommon in China although it is the world's leading producer of electronic cigarettes. Puffing on the devices, or vaping, is surging worldwide, but it forms only a tiny part of China's 1.2 trillion yuan cigarette business.
Like every other UK taxpayer, he will be entitled to a tax credit on any dividend payment he receives. The credit is intended to compensate shareholders for the fact that dividends are paid out of income which has already been subject to UK corporate income tax.
*Russia cracking down on tobacco consumption. MOSCOW/ LONDON, Dec 4- Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes in their Russian distributor Megapolis for $750 million each, strengthening their grip on the world's No.2 cigarette market by volume after China.
*Philip Morris, Japan Tobacco buy stakes for $750 mln each. MOSCOW, Dec 4- Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China.
European equities closed higher on Thursday on euro zone data and a positive handover from Wall Street boosting investor sentiment.
LONDON, Nov 28- Britain signalled it would force tobacco companies to scrap branded cigarette packaging on Thursday in an attempt to reduce the number of children who may be drawn to smoking by striking and brightly coloured packs.
*Commerzbank, Rio lead respective sectors to rises. LONDON, Nov 28- European shares rose on Thursday, boosted by risk-sensitive stocks on the back of new record highs in the United States, but held below five-year peaks with shares in tobacco firms hit by a U-turn by Britain on how their products are packaged.
Nov 20- Philip Morris International Inc plans next year to enter the electronic cigarette business, a $2 billion- plus global market identified by the maker of Marlboro cigarettes as its "greatest growth opportunity".
LONDON, Nov 5- Imperial Tobacco Group said cost cuts and the launch of electronic cigarettes would help deliver "modest" growth for the new year as it posted slightly better than expected earnings.
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
*Heineken and Fortum fall after results. LONDON, Oct 23- European shares fell in early trade on Wednesday, after falls in banks following an asset quality review and disappointing earnings reports from the likes of Heineken took the steam out of a nine day rally.
LONDON, Oct 23- British American Tobacco said it remained on track for a year of solid earnings growth after price rises in the first nine months of the year helped it to offset a 3 percent fall in total tobacco volumes.
GENEVA, Sept 13- Ukraine and Honduras are reviving a dispute at the World Trade Organisation challenging Australian laws that impose uniform drab green packaging and large graphic health warnings for cigarettes, diplomats said on Friday.
Traditional tobacco companies need to adapt to the rise of electronic cigarettes - or e-cigarettes - ahead of the product becoming regulated in the U.K., according to an analyst at Berenberg Bank.
TheStreet.com looks at some of the worst positioned stocks from a technical analysis standpoint. For investors looking to buy one of these names, it makes sense to wait for more favorable technical conditions (and a lower share price) before piling in, the writer argues.
Steve Sedgwick takes you through British American Tobacco.
Banks, retailers and many others may have suffered during Europe's downturn but the tobacco sector has remained rock solid during a time of weak consumer spending.