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Fortnightly Tobacco Companies Review: Lawsuits In Florida And Uruguay

The last two weeks brought much sorrow to cigarette companies in the U.S. Philip Morris USA (part of the Altria Group (NYSE: MO)) and R.J. Reynolds (part of Reynolds American (NYSE: RAI)) were both asked to pay out damages worth several millions of dolla
Trefis
added Sep 27, 2014 14:02
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[UK] Takeover bid from Japan Tobacco on Imperial Tobacco extremely unlikely, Citi says

The chief reason is that Japanese laws require the government to maintain a one-third stake in JT. To circumvent antgi-trust legislation JT might buy 60% of Imperial, but that would push its leverage, in terms of net debt to EBITDA to near 5%, far exceed
Digital Look (uk)
added Apr 28, 2017 22:48
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[Florida] Will This Supreme Court Decision Cost Altria Group Much More Than $25 Million?

Sweda talked to Altria CEO Marty Barrington... Barrington responded to Sweda's comments by acknowledging the risk but defending Altria's track record. "The company has done quite a good job of managing those risks," the CEO said, and "we could go down the
Motley Fool
added May 20, 2016 15:28
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FORM 8-K CURRENT REPORT

On April 17, 2015, Reynolds American Inc. issued an earnings release... • the possibility of being required to pay various adverse judgments in the Engle Progeny cases and/or other litigation; • the substantial payment obligations with respect
Reynolds American (RAI)
added Apr 17, 2015 12:30
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[UK] Renewed bid talk lifts Imperial Tobacco

Tougher than expected market conditions were undermining Imperial’s investment in brands and innovation, suggesting it may be time to consider plan B, Deutsche Bank said. “Consolidation has usually been the fate of the smaller international tobacco play
Financial Times (uk)
added Feb 3, 2013 13:28
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[Iraq, UK, USA] Imperial sales hit by US cigar market slump

further problems with the timing of pricing activity in a number of markets and the mixed impact of lower sales of mass market cigars in the US ahead of a brand re-launch, combined with trouble in Iraq and the strong pound. All these resulted in a decline
City A.M. (uk)
added Feb 13, 2015 15:50
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[Asia, India] ITC jumps on new health minister appointment

ITC Ltd jumps 4.3 percent, heads towards its biggest single-day gain since Sept. 10, 2013. Traders cite appointment of J.P. Nadda as new health minister as reasons behind gains...hope new minister may not pursue a much speculated tax increase
Reuters
added Nov 11, 2014 15:44
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[Europe, UK] Show offs / Tobacco manufacturers are busy showing off new products and price-marked packs - while they still can, reports Tracy West

This year is going to be a busy one for the tobacco category as it's the manufacturers' last chance to launch new lines before the full display ban in April 2015. That's the opinion of Alan Graham, head of marketing at Scandinavian Tobacco Group UK (STG
Forecourt Trader (uk)
added Jun 10, 2014 10:05
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[Massachusetts] Lorillard, Inc. Reports Third Quarter Results

in Evans v. Lorillard Tobacco Company, a conventional product liability case ... Lorillard Tobacco paid the $79 million in compensatory damages and statutory interest, and the case is now dismissed in its entirety, including the potential for punitive or
Lorillard Tobacco Company
added Oct 23, 2013 11:22
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Imperial Tobacco Group's CEO Discusses F2Q13 Results - Earnings Call Transcript

we see opportunities to create new consumer experiences adjacent to the tobacco experience. So, this is a non-tobacco focused venture. We’ve got an interest in an e-cigarette business but we’re really looking at it more from an e-vapor perspective, so not
Seeking Alpha blog network
added Apr 30, 2013 21:01
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