European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.» Read More
The international tobacco market is the way to go for investors who want to keep their money safe in this volatile economy, says Charles Norton, co-portfolio manager at Vice Fund.
European earnings were mixed Thursday, with telecoms reporting results in line or above forecasts, while energy companies and financials posted profit declines or figures below market expectations.
Plain packs a risk to UK cigarette profits-analysts British cigarette makers face a new and serious risk to their profits if the UK government rules that cigarettes should only be sold in plain packaging, undermining the power of brands, analysts said on Monday.
Inflation, recession or stagflation, one idea seems to work: consumers' lust for sin. Charles Norton, co-portfolio manager of The Vice Fund, and Dan Alpert, managing director at Capital Westwood, offered advice on how to invest in adult pleasures.
British American Tobacco, the world's second-biggest cigarette maker, struck its second deal in a week with the purchase of Skandinavisk Tobakskompagni's (ST) cigarettes for 2 billion pounds ($4 billion) as it beat forecasts with an 11 percent rise in 2007 earnings.
Standard and Poor's has just released the results of its twice-a-year stock screen, designed to find Warren Buffett-style stocks. The new list features several tech stocks, including Apple, as well as a number of names from Europe and Asia. But some key Buffett criteria aren't taken into account by the screen.
Tobacco company Altadis said Friday its net profit rose more than 14 percent in the first nine months of the year, recovering from a price battle among cigarette producers.
British American Tobacco, the world's second-biggest cigarette maker, beat forecasts with a 9 percent rise in nine-month earnings but said on Thursday it still expected slower fourth-quarter growth.
British American Tobacco beat forecasts with a 9% rise in first-half earnings on Thursday, but said profits growth would slow in the second half due to excise tax rises and increased investment.
Walt Disney on Wednesday became the first major Hollywood studio to ban depictions of smoking, saying there would be no smoking in its family-oriented, Disney-branded films and it would "discourage" it in films distributed by its Touchstone and Miramax labels.
British American Tobacco beat forecasts with a 10% rise in first-quarter earnings, boosted by a strong performance in Brazil and South Africa, but said the weak U.S. dollar would hold back full-year growth.
Sin pays. You can invest in good corporate citizens and go nowhere, or you can get down with alcohol, tobacco and firearms to really make some money. Don’t believe us? Here’s proof.
British American Tobacco, the world's No 2 cigarette maker, posted a 10% rise in 2006 earnings on Thursday and dampened talk it may make a big acquisition as it boosted its dividend and share buy-backs.
It's a stock-watcher's cliché to call Altria shares "smoking" -- but don't tell that to Bonnie Herzog. She's a beverage and tobacco analyst at Citigroup, and she says the company formerly known as Philip Morris is, yes, on fire.