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Food and Beverage Tobacco

  • *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...

  • *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...