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Food and Beverage Tobacco

  • *UK appeals court rejects industry challenge to plain packs. LONDON, Nov 30- Philip Morris International, the world's largest international tobacco company, said it could eventually stub out cigarette sales as it launched an alternative product in Britain on Wednesday. "We certainly see a future where Philip Morris no longer will be selling cigarettes in the...

  • Philip Morris International, the world's largest international tobacco company, could stop selling cigarettes, its CEO told the BBC.

  • LONDON, Nov 30- A UK court has dismissed an appeal brought by some of Britain's largest tobacco companies over the government's new plain packaging rules. In its decision handed down on Wednesday, the court dismissed all appeals brought by British American Tobacco, Japan Tobacco, Imperial Brands and several paper manufacturers. "This is a victory for public...

  • LONDON, Nov 30- Philip Morris International, the world's largest international tobacco company, could eventually stop selling cigarettes, its chief executive told the BBC on Wednesday, as it launched its alternative product IQOS in the UK market. The company's IQOS smokeless cigarette which is already on sale in over a dozen markets including Japan,...

  • MOSCOW, Nov 29- Britain's Imperial Brands, the world's fourth-biggest tobacco company, will shut one of its two Russian factories in January, it said on Tuesday, citing increased taxes and the impact of changes to sales regulations. The closure also comes as the company accelerates a cost-cutting drive in an increasingly competitive industry in which larger...

  • The maker of Winston, Camel and Benson& Hedges cigarettes is set to be dwarfed by its next biggest rival, British American Tobacco, which is in talks to buy Reynolds American in the United States. Japan Tobacco named Belgian national Eddy Pirard as new chief executive of its international business, replacing Thomas McCoy, who will retire on March 31.

  • Value investor stock picks: UNP, RAI & MO

    David Winters, Wintergreen Advisors CEO, shares his stock picks, including Union Pacific, Reynolds American Inc. and Altria Group.

  • *Crude rally on OPEC output cut hopes, lifts oil stocks. MILAN, Nov 15 (Reuters)- European shares edged up on Tuesday helped by a surge in crude oil prices and a rebound in utilities, while telecoms equipment maker Nokia slumped on a disappointing earnings outlook update. Hopes of huge fiscal stimulus in the United States under Donald Trump's administration have...

  • MILAN, Nov 15- European shares steadied on Tuesday as a rebound in utilities and crude prices was offset by sharp falls among mining stocks, while telecoms equipment maker Nokia slumped after a disappointing earnings outlook update. Hopes of huge fiscal stimulus in the U.S. under Donald Trump's administration have fueled a rally in bond yields and rate hike...

  • A pack of Marlboro cigarettes, left, manufactured by Philip Morris International Inc., a unit of Altria Inc., sits beside packs of Camel cigarettes, manufactured by Reynolds American Inc.

    BAT's cash-and-stock offer would mark the return of the company to the lucrative and highly regulated U.S. market after a 12-year absence.

  • Nov 14- U.S. cigarette maker Reynolds American Inc is seeking a higher price from British American Tobacco Plc after rejecting its $47 billion takeover offer, a source familiar with the situation told Reuters. "We thought it was a possibility, so it's not too surprising," Morningstar analyst Adam Fleck said in an email. The companies are still in talks and BAT is...

  • 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, a source familiar with the situation told Reuters. The companies are still in talks and BAT is willing to increase the price slightly, Bloomberg said, citing people familiar with the matter.

  • 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...