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Imperial Tobacco Reports First Profit Decline in 17 Years (3)

Imperial Tobacco Group Plc (IMT), Europe’s second-biggest tobacco company, reported the first drop in earnings since it listed on the stock market 17 years ago because of worsening conditions in Europe. Adjusted operating profit fell 6.5 percent to 1.43
Business Week/Bloomberg
added Apr 30, 2013 15:11
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[Europe, Germany] German Austerity Not Deterring Smokers: CEO

Alison Cooper, CEO of Imperial Tobacco, said cigarette and tobacco sales in Germany were "excellent," despite European Union weakness, which hit the British multinational's half-year profits.
CNBC
added Apr 30, 2013 14:39
14 Views

Can E-Cigarettes Relight Big Tobacco?

Patches and gum did not destroy the tobacco industry, and neither will e-cigarettes. But they might speed up its long-term decline. According to the Wall Street Journal, e-cigarettes might have been a major reason that cigarette sales declined by over 6%
InvestorPlace.com
added Apr 30, 2013 14:33
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Altria Lights Up Earnings Despite Sliding Cigarette Volumes

Quick Take * Altria posts strong earnings growth despite the faster than expected decline in cigarette volumes. The accelerated decline in cigarette volumes signals a faster shift in consumer preferences away from cigarettes. * Concerned with these dec
Trefis
added Apr 30, 2013 14:26
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MORRIS: Smokers may quit, but big tobacco fumes on

Yet the big three American firms have managed to increase their profits through price increases, and with Altria announcing that it has decided to follow its two main competitors by entering the market for electronic cigarettes, the prognosis is better th
Globe and Mail (ca)
added May 3, 2013 02:27
14 Views

[UK, USA] Looming Dangers Arise in Secret Underground Cigarette Trade

A recent report from research group KPMG, and commissioned by Philip Morris (NYSE: PM ) , revealed that while total consumption of cigarettes in Europe has fallen in recent years, the illegal contraband and counterfeit trade has grown from 8.3% of total
Motley Fool
added Apr 28, 2013 19:03
24 Views

CHART OF THE DAY: E-Cigarettes Are A Small, But Rapidly Growing Problem For Big Tobacco

The tobacco industry has a big problem: people are smoking less. Morgan Stanley’s David Adelman sees at least eight reasons why this is happening. From his latest note to clients:
Business Insider
added Apr 27, 2013 12:17
9 Views

Japan Tobacco Forecast Record Net as Sales Rise; Shares Jump

Japan Tobacco Inc. (2914), the world’s best-performing cigarette maker this year, raised its projected annual dividend by 35 percent after forecasting record profit on increasing overseas sales and a weaker yen. The shares climbed to a record. Net incom
Bloomberg News
added Apr 26, 2013 06:42
10 Views

Asian sales keeps fire burning under British American Tobacco ($$)

British American Tobacco became the latest cigarette company to report a decline in volumes as consumption fell in all regions, except Asia Pacific. However, the 3.4 per cent fall in shipments was offset by “strong” pricing and growth in markets such as
Times Of London (uk)
added Apr 26, 2013 06:12
7 Views

[UK] BAT lifts prices to offset slowing sales

Global demand for cigarettes continued to slide as British American Tobacco, the world’s second-largest tobacco company by market share, opted to increase prices to redress slowing sales volumes.
Financial Times (uk)
added Apr 25, 2013 16:35
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