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Imperial Tobacco Group PLC

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  • Reynolds, Lorillard set meetings to vote on merger Friday, 12 Dec 2014 | 6:24 PM ET

    WINSTON-SALEM, N.C.— Cigarette makers Reynolds American Inc. and Lorillard Inc. have scheduled special shareholder meetings to vote on their planned $25 billion merger. Reynolds announced the deal in July to combine the two companies, creating a formidable No. 2 to Richmond, Virginia- based rival Altria Group Inc., owner of Philip Morris USA.

  • European shares close flat after late recovery Friday, 28 Nov 2014 | 11:42 AM ET

    Oil companies such as Statoil, Galp Energia and explorer Premier Oil fell by between 5.4 percent and 14.7 percent after Brent slipped below $72 following OPEC's decision on Thursday not to cut output, a move investors said would leave oil markets heavily oversupplied. The tobacco sector was boosted by mergers and acquisitions speculation after Bloomberg...

  • *64 percent of e-cigarette patents come from China. Research by Thomson Reuters shows that China- with over 300 million smokers- is the front runner in the manufacture and development of so-called e-cigarette technology, while new versions being patented include a "pay as you go" computer-assisted device and others that can deliver caffeine instead.

  • UPDATE 1-Marlboro HeatSticks on sale in Milan this week Wednesday, 19 Nov 2014 | 2:03 PM ET

    LONDON, Nov 19- Philip Morris International Inc, the world's largest tobacco company, plans to launch its new iQOS smokeless device and Marlboro HeatSticks in Milan, Italy on Thursday following a better-than-expected launch in Nagoya, Japan earlier this month. The burgeoning market for electronic cigarettes is a key battleground for Big Tobacco players such...

  • *Swedish Match looks to expand snus in U.S. market. But the future for main manufacturer Swedish Match may hinge on efforts to convince U.S. authorities these small pouches, banned on health grounds in the rest of the European Union, are less harmful than most other tobacco products. "It could potentially be an important catalyst," Swedish Match CEO Lars Dahlgren...

  • LONDON, Nov 4- Imperial Tobacco Group said it would raise its dividend by at least 10 percent in the next year, signalling confidence that cost cuts will help it to cope with weak consumer spending and higher taxes that weighed on its annual profit. The company also recently floated a portion of its logistics business, Logista, on the Spanish stock exchange, raising...

  • UPDATE 1-Imperial Tobacco results hurt by destocking Tuesday, 4 Nov 2014 | 3:36 AM ET

    LONDON, Nov 4- Imperial Tobacco Group reported declines in full-year revenue and profit on Tuesday, hurt by currency exchange rates and a reduction of inventories in several markets. It has tackled this by cutting costs, including closing factories, resulting in over 60 million pounds of savings in the year to Sept. 30. Adjusted earnings per share fell 3 percent to...

  • Imperial Tobacco results hurt by destocking Tuesday, 4 Nov 2014 | 2:24 AM ET

    LONDON, Nov 4- Imperial Tobacco Group reported declines in full-year revenue and profit on Tuesday, hurt by currency exchange rates and a reduction of inventories in several markets. The maker of Davidoff and Gauloises cigarettes said net revenue for the year to Sept. 30 fell 6 percent. Adjusted earnings per share fell 3 percent to 203.4 pence on a reported basis...

  • LONDON/ NEW YORK, Sept 12- As electronic cigarettes flew off shelves on both sides of the Atlantic in recent years, investors flocked to a business some hope will be the future for tobacco.

  • Sept 3- Lorillard Inc said two of its e-cigarette subsidiaries sued Zippo Manufacturing Co in the United Kingdom to protect itself from Zippo's claims of trademark infringement regarding the blu brand of e-cigarettes.

  • Aug 18- A German court has ordered a subsidiary of U.S. tobacco giant Lorillard Inc to stop selling the popular blu e-cigarettes in that country, citing trademark confusion with lighter and fuel products sold by Zippo Manufacturing Co..

  • Lorillard e-cigarette sales slip as competition rises Wednesday, 30 Jul 2014 | 1:31 PM ET

    July 30- Lorillard Inc. on Wednesday reported significant declines in its electronic cigarettes sales, raising questions about the strength of the nascent market. Sales of its electronic devices dropped 35 percent to $37 million for the second quarter ended June 30, 2014 compared to $57 million for the same period last year.

  • One such deal came on Tuesday, when Camel cigarettes maker Reynolds American said it would buy rival Lorillard for $26.8 billion. As part of the takeover, Britain's Imperial Tobacco Group bought a number of brands and assets from both companies for $7.1 billion. Imperial adviser Goldman Sachs ranked top in the M&A league tables, ahead of Morgan Stanley and Citi.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • July 15- Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes.

  • NEW YORK/ LONDON, July 15- Reynolds American Inc had no choice but to sell Lorillard Inc's top-selling blu electronic cigarettes brand after Britain's Imperial Tobacco Group Plc insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.

  • July 15- Reynolds American Inc said it would buy rival Lorillard Inc for about $25 billion, merging two of the world's biggest cigarette makers amid a slowdown in sales. Reynolds, whose brands include Camel and Pall Mall, offered $68.88 per Lorillard share, representing a premium of 2.5 percent to Lorillard's Monday closing.

  • LONDON, July 15- Imperial Tobacco Group plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American's $27.4 billion purchase of Lorillard.

  • Reynolds to acquire rival Lorillard, ditch Kool Tuesday, 15 Jul 2014 | 7:34 AM ET

    Reynolds American on Tuesday announced plans to acquire Lorillard in a deal the company valued at $27.4 billion.

  • Reynolds American to buy Lorillard in $27.4 bln deal Tuesday, 15 Jul 2014 | 7:17 AM ET

    July 15- Camel cigarettes maker Reynolds American Inc said it would buy rival Lorillard Inc in a cash-and-stock deal valued at $27.4 billion, including net debt. Reynolds offered $68.88 per Lorillard share, representing a premium of 2.5 percent to Lorillard's Monday closing.