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Food and Beverage Tobacco

  • Nov 14- U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting a $47 billion buyout offer as too low, Bloomberg reported on Monday. Last month, British American Tobacco, which already owns 42 percent of Reynolds American, offered to buy the remaining shares of the maker of Camel and Newport...

  • Nov 9- California voters on Tuesday approved significant tax increases on cigarettes and vaping devices, but similar measures fell short in Colorado, North Dakota and Missouri. He said that California, which recently raised the smoking age to 21, could inspire other states to pass similar laws. Reynolds Tobacco and Altria- spent at least $90 million to defeat...

  • *Spending 750 mln stg on push to save 300 mln/yr by 2020. *To invest 300 mln stg on key brands. LONDON, Nov 8- Imperial Brands, the world's fourth-biggest tobacco company, is accelerating its cost-savings drive and pouring some of the benefits into marketing key brands as it faces the prospect of a greatly enlarged competitor.

  • LONDON, Nov 8- Imperial Brands, the world's fourth-biggest tobacco company, reported higher full-year sales and profit on Tuesday, helped by the acquisition of brands in the United States and a weaker British currency. The company said net revenue of its tobacco business rose 9.7 percent to 7.17 billion pounds for the fiscal year ended Sept. 30.

  • We’ve invested heavily in e-vapour: Imperial Brands

    Imperial Brands Financial Director Oliver Tant breaks down the details from its latest earnings, adding that a takeover of their company would be difficult.

  • TOKYO/ LONDON, Nov 8- British American Tobacco PLC plans to test a new tobacco-based cigarette alternative in Japan next month, it said on Tuesday, taking aim at Philip Morris International Inc's popular iQOS and Japan Tobacco Inc's Ploom Tech. It sells Vype e-cigarettes, which use nicotine liquid, in several European markets and is testing iFuse, a liquid-based...

  • LONDON, Nov 7- The value of merger and acquisition deals between UK companies has plunged 62 percent to a 30 year-low since the country's vote to leave the European Union, according to Thomson Reuters data, in a sign of the uncertainty gripping businesses. Softbank's $30.7 billion deal to buy UK- based chip designer ARM Holdings in July had sparked hopes among...

  • *India hosts WHO tobacco treaty conference Nov. 7-12. NEW YORK/ NEW DELHI, Nov 3- The leadership of a World Health Organization treaty on tobacco control has proposed barring delegates with ties to state-owned tobacco firms from its conference next week, tightening its application of rules to shut out the industry from policy making. The proposal, if adopted at the...

  • *India hosts WHO FCTC tobacco-control conference Nov. 7-12. NEW YORK/ NEW DELHI, Nov 3- The leadership of a World Health Organization treaty aimed at controlling tobacco could be about to get tougher with the global tobacco industry. The proposal, if adopted by the full Framework Convention on Tobacco Control at the conference in India, could affect delegates sent...

  • *India hosts WHO FCTC tobacco-control conference Nov. 7-12. NEW YORK/ NEW DELHI, Nov 3- The World Health Organization is about to get tough with the global tobacco industry. The proposal, if adopted by the full Framework Convention on Tobacco Control at the conference in India, could affect delegates sent by countries like China and Vietnam, where governments own...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *Companies struggle with fall in Egyptian currency. CAIRO, Oct 31- Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Bassem Hussein, whose company imports, processes and packages coffee and spices, stopped buying two weeks ago as the depreciation of the Egyptian currency...

  • *India hosts WHO anti-tobacco conference Nov. 7-12. NEW DELHI, Oct 27- India's $11 billion tobacco industry has urged the government to take a softer line on tobacco control efforts when it hosts a World Health Organization conference in New Delhi next month, but officials say the government will not bow to "pressure tactics". In documents obtained by a Reuters...

  • WASHINGTON, Oct 25- A U.S. judge on Tuesday approved one of the biggest corporate settlements on record, Volkswagen AG's $14.7 billion deal arising from its diesel emissions cheating scandal, and the German automaker said it would begin buying back polluting cars in mid-November. District Judge Charles Breyer in San Francisco signed off on VW's settlement...