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Headlines Tagged with Investing 3,738 headlines found


Altria Reports 2016 Third-Quarter and Nine-Month Results; Reaffirms 2016 Full-Year Earnings Guidance

"Altria delivered excellent performance in the third quarter and for the first nine months." ... In heated tobacco, Altria continues to partner with Philip Morris International Inc. (PMI) on its FDA applications for iQOS. PMI plans to submit a modified r
Altria Group, Inc.
added Oct 27, 2016 19:05

Fitch puts British American Tobacco on rating watch negative after buyout offer of Reynold

It warned that the debt required for funding the deal would mean it could not keep its current A credit rating. A similar announcement was made by fellow agency Moody's on Friday, who put their A3 and P2 ratings under review for downgrade.
City A.M. (uk)
added Oct 24, 2016 22:21

Fitch Places Reynolds American Inc. on Rating Watch Positive

Affirmation or Upgrade Likely: The Rating Watch Positive reflects Fitch's view that (based on information currently available) the most likely outcome if the merger is completed as currently contemplated would be either an affirmation or a one-notch upgra
added Oct 24, 2016 22:18

Fitch Places British American Tobacco on Rating Watch Negative

Based on the current terms of the proposal, BAT plans to finance the acquisition price of the 57.8% it does not own by offering cash of USD20bn (GBP16.6bn) and a large equity component for approximately 60% of the total price. We calculate that BAT's con
added Oct 24, 2016 22:17

Philip Morris's Share Price Rose on Its Positive Outlook in 3Q 16

During the company’s 3Q16 earnings call, its management stated that the growth in its reduced-risk products (or RRP) and the annualization of its price rises are expected to drive its revenue in 4Q16.
Market Realist
added Oct 24, 2016 20:37

[Australia] Medibank moves $170m to tobacco-free investment fund

“We’re proud to be investing in a tobacco-free portfolio,” Drummond said on Monday. “This decision is just good business sense. Our mission for better health has to carry all the way through our business – from our employees and customers through to inve
The Guardian (uk)
added Oct 24, 2016 11:38

European shares supported by tobacco merger plan, earnings

British American Tobacco rose 2.6 percent after it had offered to buy U.S. tobacco group Reynolds American to create the world's biggest listed cigarettes company. Analysts welcomed the possible deal saying it could boost BAT's earnings after cost savin
added Oct 22, 2016 20:29

Pfizer Has a Revenue-Boosting Treatment to Help Smokers Quit

Wall Street analysts estimate that Chantix’s sales in 2016 will reach ~$0.9 billion, which would be a year-over-year (or YoY) decline of ~28%. The strong growth is mainly attributed to robust sales anticipated in the US market due to increasing demand an
Market Realist
added Oct 22, 2016 20:27

[Australia] Malcolm Turnbull told to quit the cigs after stakes in big tobacco revealed

So why does Prime Minister Malcolm Turnbull still have a financial stake in two of the world's biggest tobacco companies, 18 months after... One is a European fund that invests in British American Tobacco and the others are Japanese funds with shares in
Hills News (NSW) (au)
added Oct 22, 2016 20:27
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Fitch Places Reynolds American Inc. on Rating Watch Positive

Fitch Ratings has placed Reynolds American Inc.'s (Reynolds) Long-Term Issuer Default Rating (IDR) of 'BBB' and Short-Term IDR of 'F2' on Rating Watch Positive. The actions follows today's announcement by British American Tobacco plc (BAT, 'A-'/Outlook Ne
Business Wire
added Oct 22, 2016 20:27
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