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[India] Tobacco Tax U-Turn Burns $7 Billion Hole in ITC's Market Cap

ITC Ltd., Asia’s second-largest cigarette maker by value, plunged the most in 25 years after India surprised investors by raising levies on tobacco products. The stock slumped 12 percent to 285.1 rupees at 3:12 p.m. in Mumbai, erasing $7.5 billion from
Bloomberg News
added Jul 18, 2017 22:52
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[UK] How big tobacco has survived death and taxes

Between them in 2016, they shipped 2.27tn cigarettes, more than 300 for every man, woman and child on the planet, racking up combined sales of $150bn (£115bn). Their combined profits reached $35bn (£27bn), allowing investors in those companies to receive
The Guardian (uk)
added Jul 12, 2017 13:34
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Why This Industry Could be the Fastest-Growing Sector in the World

Alongside the forecast for world population growth and the increasing popularity of RRPs, this means that the tobacco industry could become the fastest-growing sector in the world. As such, now may be the perfect time to consider investing in it.
Motley Fool
added Jul 3, 2017 20:42
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[UK] After a decade of the smoking ban, the tobacco industry's real fight begins now

Yet 10 years on from the smoking ban, the tobacco industry continues to generate cash almost unabated, surviving wave after wave of public legislation...tobacco giants have become key constituents of most UK equity income funds available to retail invest
Electronic Telegraph (uk)
added Jul 3, 2017 15:07
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[UK] Hampshire County Council slammed after £80 million pumped into British American Tobacco

Hampshire County Council’s pension fund has invested the money into one of the biggest tobacco companies in the world, British American Tobacco (BAT). The council top the list of UK authorities who have investments in tobacco.
Southern Daily Echo (uk)
added Jun 3, 2017 16:23
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Is Altria Group Running Out of Steam or Taking a Breather?

that business model should still hold up well for the next few years, which should give the company plenty of time to evolve its business model and diversify into other adjacent markets.
Motley Fool
added May 11, 2017 03:26
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Altria's Success Story in 2 Simple Sentences

First, Altria has found a way to survive despite an onslaught of attacks that many believed would eventually drive the tobacco company bankrupt. Second, Altria has used its brand awareness to create pricing power, and price increases have helped the cigar
Motley Fool
added Apr 24, 2017 23:08
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[Asia, India] Should the govt hold stake in tobacco firms?

That’s the substance of a case filed by a group of individuals, some of whom run the Tata Trusts, in the Bombay high court. The case—the court is yet to decide whether to admit it or not—specifically names ITC Ltd, which it refers to as “primarily” a tob
livemint.com (in)
added Apr 17, 2017 19:19
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Philip Morris Joins Tech Giants Among the Most Dominant U.S. Stocks

the world’s largest publicly traded tobacco company, emerged as the first quarter’s unsung hero. Its 3.3 percent contribution to S&P 500 gains makes it the fourth most important U.S. stock, right after shares that look more familiar to the leader board:
Bloomberg News
added Apr 3, 2017 20:37
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Research Reports on Cigarettes Equities -- Reynolds American, Altria, Philip Morris, and Vector

The Tobacco industry comprises of companies that are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. Learn more about these stocks by accessing their free research reports at:
PR Newswire
added Mar 14, 2017 22:59
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