Hints and tips:
...The Russia division of Japan Tobacco International, the only big cigarette group that has not committed to seek an exit from the country, last year paid $180mn to its sole shareholder JTI Germany, with 20...
...It is followed by cigarette maker British American Tobacco and drugmaker GSK, which generates almost half its revenues in the US. Dutch medical devices group Philips ranks fifth....
...British American Tobacco shares have fallen by a quarter over the past year as it grapples with the uncertain long-term future of its traditional cigarette business and investors push for the return of share...
...If PMI succeeds in capturing Swedish Match, it will be a huge boon to its efforts to transition away from cigarettes towards so-called next-generation products as part of its pledge to “unsmoke the world...
...The US federal drug regulator has told British American Tobacco’s US subsidiary to halt sales of its menthol-flavoured Vuse Alto vape, the most popular e-cigarette in the US, following a jump in popularity...
...Groups such as telecoms operator Vodafone and cigarette company British American Tobacco both have double digit yields. That is as much a reflection of investor dismay as corporate largesse....
...While pricing power was apparent in the Davidoff and Gauloises cigarette maker’s decision to hike tobacco prices by 11 per cent, and the company took 10 basis points-worth of market share growth in its top...
...PMI is at the forefront of the tobacco sector’s efforts to shift away from cigarettes, pledging to phase out combustibles and make a majority of net revenues in smoke-free businesses by 2025....
...PMI’s pivot away from cigarettes towards less harmful vapour-based nicotine alternatives, which accounted for about a third of its revenues last year, placed the tobacco group’s new product line “on the...
...Olczak was himself a smoker for two decades until he tried the IQOS heated tobacco device....
...Cigarette makers are failing to persuade newly wealthy Asians to puff on their toxic wares. Nor are tobacco companies faring well in vapes....
...Juul executives have sounded out tobacco companies including Japan Tobacco and Philip Morris International in recent months about a possible investment, sale or licensing agreement, according to people briefed...
...oral nicotine pouches and a new device called Swic that heats tobacco capsules, will compete with PMI products Zyn, which was developed by recently acquired Swedish Match, and IQOS, the heated tobacco sticks...
...Marlboro maker Altria has swapped its minority stake in Juul Labs for intellectual property rights to some of the e-cigarette company’s heated tobacco prototypes, ending an investment which plummeted in...
...Chief executive Jacek Olczak told the Financial Times the tobacco group, which sells Marlboro cigarettes outside the US, had been in discussions with at least three “serious” potential buyers but “the talks...
...Japan Tobacco will have a 25 per cent stake. Previous efforts include e-cigarette brands MarkTen and Green Smoke, which Altria abandoned in 2018 citing sluggish sales....
...Tobacco smuggling from Gibraltar into Spain is becoming a major irritant in UK-Spain relations....
...British American Tobacco, the world’s biggest cigarette maker, finally agreed to sell its Russian business to local management, a year and a half after vowing to exit the country following the full-scale...
...Separately, PMI on Wednesday agreed to pay tobacco group Altria about $2.7bn for the US commercialisation rights for IQOS, a line of e-cigarettes, giving it full global rights over the products....
...The Stockholm- headquartered group is the largest supplier of orally consumed tobacco and nicotine products in the US....
...Last year, Vuse Alto, a product made by rival RJ Reynolds, a subsidiary of British American Tobacco, overtook Juul as the US’s best-selling vape product....
...It is followed by cigarette maker British American Tobacco and drugmaker GSK. Dutch medical devices group Philips ranks fifth....
...According to the National Youth Tobacco Survey, more than 11 per cent of US high school students and almost 3 per cent of middle school pupils used e-cigarettes last year, but the majority used a disposable...
...The company then pre-empted a pseudo-ban (which would’ve been difficult to enforce) by discontinuing everything but tobacco and menthol-flavoured rechargeable, cartridge-based e-cigarettes, or pod systems...
...For big tobacco bold moves are fraught, though....
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