http://www.tobacco.org/newsfeed/org/altadis.rss Latest top tobacco news headlines en-us http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFFV5dO8BRXs http://tobacco.org/news/267216.html Imperial Tobacco Group Plc, Europe's second-largest publicly traded cigarette maker, plans to cut 2,440 European jobs after buying Altadis SA for 12.6 billion euros ($20 billion) earlier this year. Six of 58 factories will shut as staff numbers fall by about 6 percent, Imperial said today. The plants slated for closure are located in its hometown of Bristol, England, as well as Spain, France, Germany and Slovakia. The maker of Davidoff cigarettes fell 3.3 percent in London trading as the plan failed to persuade some analysts to lift their savings estimates. Bloomberg News tmulier@bloomberg.net (Thomas Mulier) Thu, 19 Jun 2008 04:00:00 GMT http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_CQ1.gOp6iI http://tobacco.org/news/267189.html Imperial Tobacco Group Plc, Europe's second-largest publicly traded cigarette maker, plans to cut 2,440 European jobs after buying Altadis SA for 12.6 billion euros ($20 billion) earlier this year. Six of its 58 factories will shut as its payroll falls by about 6 percent, the Bristol, England-based company said today in a statement. The plants slated for closing are located in Spain, France, Germany, Slovakia and Imperial's hometown. Western European tobacco companies have eliminated jobs and shut factories in the face of government restrictions on smoking and bans on advertisements that have cut into cigarette sales. The takeover of Altadis, the Madrid-based maker of Gauloises cigarettes and Don Diego cigars, added about 27,000 employees to Imperial's work force. Bloomberg News tmulier@bloomberg.net (Thomas Mulier) Europe Thu, 19 Jun 2008 04:00:00 GMT http://www.ft.com/cms/s/ca886970-3d6b-11dd-bbb5-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Fca886970-3d6b-11dd-bbb5-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=&nclick_check=1 http://tobacco.org/news/267182.html Imperial Tobacco will on Thursday unveil the long-awaited details of its planned restructuring of Altadis, the Franco-Spanish maker of Gitanes and Gauloise cigarettes it acquired last year for €12.6bn (£10bn). As many as 2,400 jobs in France and Spain, or about 20 per cent of Altadis’ workforce in the two countries, could be axed as part of Imperial’s drive to hit its cost-saving targets, analysts said. . . . Like its competitors, Imperial has seen cigarette sales in the UK and Europe, its core markets, fall amid increasing health concerns, smoking bans, higher taxes and advertising restrictions. Yet the company has managed to expand spectacularly over the past decade thanks to relentless acquisitions and cost-cutting. Financial Times Wed, 18 Jun 2008 04:00:00 GMT http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/19/cnimp119.xml http://tobacco.org/news/265528.html Imperial Tobacco is this week expected to launch one of Britain's biggest rights issues when it asks shareholders for up to £5bn. The tobacco giant, which owns the Lambert & Butler, Davidoff and JPS cigarette brands, has already hinted that it will raise up to £5bn by July 18 so that it can keep up its investment-grade credit rating following the €12.6bn (£10m) purchase of Altadis. Electronic Telegraph Mon, 19 May 2008 04:00:00 GMT http://www.altadis.com/en/press/news/news.php?id=730&volver=../press_home.php? http://tobacco.org/news/264068.html Imperial Tobacco Group PLC has agreed to divest a number of fine cut and pipe tobacco brands to Philip Morris International for a consideration of ?254 million. The divestment of a small number of brands in certain European markets was a condition of the European Commission's approval of the Group's acquisition of Altadis. The divestment is subject to European Commission approval and includes the fine cut tobacco brands Interval, Bergerac, Santoya and Wervicq (France), Van Nelle (Italy and Canary Islands) and Picadura (Spain) and the pipe tobacco brands Bergerac (France) and Kilta (Finland). Altadis Wed, 23 Apr 2008 04:00:00 GMT http://www.imperial-tobacco.com/index.asp?page=78&newsid=583 http://tobacco.org/news/264053.html Imperial Tobacco Group PLC (Imperial) announces that it has today filed the accounts of its wholly owned subsidiary, Altadis, for the year ended 31 December 2007 with the Spanish Mercantile Registry. . . . The Cigarette Division grew significantly during the year with strong positive performances in Spain, Morocco and the Middle East. . . . The performance of the Cigar Division was impacted by the weakness of the US dollar. At constant exchange rates, economic sales rose by 2% and EBITDA by 1%. In the USA, product launches and additional advertising and promotion expenditure to address Q1 sales declines showed positive results later in the year in spite of challenging market trends. Sales of Cuban cigars grew by 6% in dollar terms with improvements in both mature and emerging markets. Imperial Tobacco Thu, 24 Apr 2008 04:00:00 GMT http://www.rttnews.com/sp/Quickfactsnew.asp?item=159 http://tobacco.org/news/263261.html Imperial Tobacco Group Plc (IMT.L) announced it has completed the disposal of its 49.95% shareholding in Aldeasa, S.A., held through its subsidiary Altadis, S.A., to Autogrill Espana S.A., a subsidiary of Autogrill S.p.A. RTTNews.com Mon, 14 Apr 2008 04:00:00 GMT http://www.bloomberg.com/apps/news?pid=20601205&sid=ap8tM8lc98m0&refer=consumer http://tobacco.org/news/261584.html Imperial Tobacco Group Plc, the maker of Davidoff and West cigarettes, said costs related to its takeover of Altadis SA will lop 140 million pounds ($281 million) from the current fiscal year's profit. The expenses concern the value of inventory, elimination of inter-company sales and depreciation adjustments, Imperial said today in a statement. Sales are meeting its forecast so far in the year, according to the Bristol, England-based company. Bloomberg News tmulier@bloomberg.net (Thomas Mulier) Wed, 19 Mar 2008 04:00:00 GMT http://uk.reuters.com/article/allBreakingNews/idUKWLB877620080319 http://tobacco.org/news/261583.html Imperial Tobacco Plc, the world's fourth-biggest cigarette group, said on Wednesday it was trading in line with its expectations as the group moves towards the close of its half-year at the end of March. Reuters Wed, 19 Mar 2008 04:00:00 GMT http://news.morningstar.com/newsnet/ViewNews.aspx?article=/DJ/200803190414DOWJONESDJONLINE000371_univ.xml http://tobacco.org/news/261578.html Imperial Tobacco PLC (ITY) said Wednesday that the trading performance of its core business as well as the recently acquired Altadis is currently in line with its expectations. The company which recently completed the EUR12.6 billion purchase of Franco- Spanish rival Altadis said in a trading update that its performance for the year to Sept. 30 remains in line with management's forecasts. "Furthermore, the operating performance of Altadis since completion of the acquisition on Jan. 25, 2008 has been in line with our expectations," it said. Dow Jones via Nasdaq Wed, 19 Mar 2008 04:00:00 GMT http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajnqagsm.Y_Q http://tobacco.org/news/261563.html Imperial Tobacco Group Plc, the maker of Davidoff and West cigarettes, said costs related to its takeover of Altadis SA will lop 140 million pounds ($281 million) from the current fiscal year's profit. The expenses concern the value of inventory, elimination of inter-company sales and depreciation adjustments, Imperial said today in a statement. Sales are meeting its forecast so far in the year, according to the Bristol, England-based company. . . . The western European cigarette market will shrink by 1 percent to 2 percent over coming years, Philip Morris International said yesterday. The contraction has slowed following smoking bans and tax increases that cut into consumption in past years, PMI executives said. Tobacco use will kill 1 billion people this century, a 10- fold increase over the previous 100 years, unless governments in poor nations raise taxes on consumption and mandate health warnings, the World Health Organization said in February. Bloomberg News tmulier@bloomberg.net (Thomas Mulier) Wed, 19 Mar 2008 04:00:00 GMT http://blogs.wsj.com/deals/2008/02/20/imperial-tobacco-sometimes-a-cigar-is-just-a-reason-for-regime-change/?mod=googlenews_wsj http://tobacco.org/news/260165.html Imperial Tobacco's $15 billion takeover of Altadis already has looked pretty smart. Will it be even smarter now that Fidel Castro has resigned as the leader of Cuba? If you had asked Altadis a year ago, the answer probably would have been yes. Altadis has the world's biggest share of cigar sales and owns a 50% stake in Cuba's state-owned Habanos SA, which makes Cohiba cigars. But Altadis can't sell those prized cigars in the U.S. because of the country's trade limits on Cuba. If Castro's successor--most likely his brother--is more favorable to U.S. officials, Altadis could be sitting on a gold mine. It already has 25% share of the cigar market, or about twice as much as its closest competitor. Wall Street Journal Blogs blogsadmin@wsj.com (Posted by Heidi Moore) Cuba Wed, 20 Feb 2008 05:00:00 GMT http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSL1137351420080211 http://tobacco.org/news/259561.html Imperial Tobacco increased pricing on the 9.2 billion pounds ($17.9 billion) financing backing its acquisition of Franco-Spanish cigarette maker Altadis (ALT.MC: Quote, Profile, Research) to take account of difficult loan market conditions before launching the deal to a wider syndication on Monday, banking sources close to the deal said. Reuters Mon, 11 Feb 2008 05:00:00 GMT http://www.forbes.com/markets/feeds/afx/2008/02/08/afx4631826.html http://tobacco.org/news/259473.html Imperial Tobacco said it has asked Spain's bourse regulator CNMV to suspend trading in Altadis SA shares from the end of the market session Feb 11 until the tobacco group is delisted. AFX News tfn.europemadrid@thomson.com Fri, 08 Feb 2008 05:00:00 GMT http://www.ft.com/cms/s/0/d38b2e58-cbb1-11dc-97ff-000077b07658.html http://tobacco.org/news/258696.html Imperial Tobacco, owner of the Lambert & Butler, Davidoff and JPS cigarette brands, intends to buy the remaining shares it does not own in Logista, a Spanish logistics company, for about €910m (�675m). Imperial acquired 59.62 per cent of the Spanish company when it bought Altadis, the Spanish maker of Gauloises and Gitanes cigarettes, a deal that was completed yesterday. Gareth Davis, chief executive, said the company had to buy Madrid-based Logista because it would be too hard to find a bidder during a three-month deadline imposed by regulators. Financial Times Sat, 26 Jan 2008 05:00:00 GMT