European shares closed lower lower on Monday with basic resources stocks weighing heavily on bourses after weak data from China.» Read More
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.
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.
European stocks closed slightly lower in a shortened day of trading on Monday. The FTSE 100 index was the main exception closing higher by 0.24 percent.
LONDON, Oct 30- Imperial Tobacco has taken a 1.2 billion-pound writedown on its Spanish business as the impoverished country's smokers turn to cheaper black market cigarettes.
DIARY For South Africa corporate diary, click on For southern and South Africa diary, click on ECONOMIC EVENTS. -Reserve Bank Governor Gill Marcus speaks at Rhodes University Business School.
NAIROBI, Oct 10- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. NIGERIA- President Goodluck Jonathan is expected to deliver the 2013. KENYA- Central Bank of Kenya auctions 182- day Treasury bills.
helped reverse the gains made by so-called rand hedges like British American Tobacco. "The stronger rand is causing the rand hedges to come off a little bit, that's why the market is negative," said Malcolm Moller, an equities trader at Vunani Securities.
*Pick stock with high earnings quality- JPMorgan. LONDON, Oct 8- European shares fell early on Monday as investors braced for a weak third-quarter earnings season and the prospect of a greater-than-expected economic slowdown in parts of Asia. Metro was joined by British recruiter Michael Page International.
*Nomura cuts Imperial Tobacco Group PLC to reduce from neutral; price. *Nomura raises British American Tobacco PLC price target to 3506 p. Reuters Station users, click. 1580.
CANBERRA, Oct 5- Australia did not infringe tobacco companies' intellectual property rights by forcing them to sell cigarettes in plain packets, Australia's highest court said on Friday, killing off any domestic challenge to the plain-packet ruling. Tobacco giants British American Tobacco, Britain's Imperial Tobacco, Philip Morris and Japan Tobacco.
JOHANNESBURG, Oct 4- South African stocks rose for the first time in three sessions on Thursday with mining shares among the gainers as higher commodity prices and a weaker rand helped offset labour unrest in the nation's mines.
*FTSE 100 edges up 0.1 percent, lifted by bank and mining stocks. The blue-chip FTSE 100 index was up 0.1 percent, or 4.25 points, at 5,813.70 points around midday. Signs of the index holding above the 5,800 point level-- seen by many technical traders as key to propelling further gains-- have enabled modest, short-term increases on the FTSE 100 this week.
Oct 2- British American Tobacco PLC:. *JP Morgan raises British American Tobacco PLC price target to 4209 p. Reuters Station users, click. 1580.
Oct 1- British American Tobacco PLC:. *Investec raises British American Tobacco PLC to buy from hold. Reuters Station users, click. 1580.
Imperial Tobacco, one of the world’s leading tobacco companies, offers significant growth prospects as well as being one of the most defensive areas in consumer staples, Olivier de La Ferrière, fund manager at KBL Richelieu Gestion, told CNBC.com.