Susan Cameron is confident regulators will allow the tobacco giant to acquire Lorillard for $24.7 billion.» Read More
European shares closed sharply lower on Thursday after two different U.S. economic reports were released and as U.S. indexes saw their biggest one-day drops since June.
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.
Alison Cooper, CEO of Imperial Tobacco, said cigarette and tobacco sales in Germany were "excellent," despite EU weakness.
Alison Cooper, CEO of Imperial Tobacco, highlights the rise of illicit tobacco products following quarterly results and explains why it will continue to lobby the EU.
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 shares suffered their biggest daily drop this month after gloomy earnings and weak U.S. economic data hit sentiment on Wednesday and left some positioning for further falls in the near-term.
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.
*Carroll exit leaves two female CEOs in FTSE 100. LONDON, Oct 26- Mining giant Anglo American's outgoing chief executive Cynthia Carroll, only the third woman to take the helm of a FTSE 100 company, warned on Friday that calls for quotas to diversify Europe's boardrooms could reduce women to a token presence.
*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.
Oct 2- Imperial Tobacco Group PLC:. *JP Morgan cuts Imperial Tobacco Group PLC price target to 3,067 p from. Reuters Station users, click. 1580.
In a summer with precious little positive economic news, housing is proving to be a bright spot. June housing starts, at 760,000, was the best print since October 2008.
Wall Street suffered through another rough day Monday, with stocks dropping more than 1 percent on worries over the effect the European debt crisis would have on the global economy.
Stocks traded mostly higher at the open Thursday, with traders shrugging off a fresh batch of economic reports and a rising dollar as Europe's debt woes continued to intensify.
Housing stocks have rallied 14 percent from their low at the beginning of the month, and 31 percent so far this year.
Furniture stocks are down big from their highs on the year even as homebuilder shares point towards a housing recovery. Something's not right.
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The combination of a stronger U.S. jobs report, and some indications that China will likely have a soft landing, not a hard landing, are helping to support markets.
It's way too early to call it a success or disappointment, but one thing is sure: in this environment, it's orders that matter.
Home building: An awful lot of optimism built into the spring home buying season!