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Headlines Tagged with Investing 3,687 headlines found


Retirement Systems Of Alabama Lowers stake in Philip Morris International (PM)

reduced its stake in Philip Morris International by 4.02% during the most recent quarter end. The investment management company now holds a total of 790,851 shares of Philip Morris International which is valued at $76,973,528 after selling 33,142 shares i
Founders Daily
added Aug 3, 2016 14:56

[Australia, UK] The doctor who beat big tobacco

Two months later at Geneva’s plush Beau Rivage Hotel, King looked out over a sea of faces, mostly delegates gathered for the World Health Assembly, and introduced her “new best friend”, AXA boss Thomas Buberl. AXA, he said, would forthwith sell €200m of
The Guardian (uk)
added Aug 1, 2016 21:46

Fitch Affirms Philip Morris International at 'A'; Outlook Negative

strong operating profile of PMI, supported by its leading market shares and pricing power, which translates into a healthy operating EBITDA margin for the sector in excess of 40%. However, this is balanced by a lack of leverage headroom. Fitch expects PMI
Fitch Ratings
added Aug 1, 2016 20:26

Japan Tobacco Net Forecast Misses Estimates on Stronger Yen

raised its full-year forecast by less than most analysts expected as a stronger yen eroded the value of overseas sales and price increases undermined domestic demand for cigarettes. Net income will probably be 409 billion yen ($4 billion) for 2016, the co
Bloomberg News
added Aug 1, 2016 15:47

[Australia and Oceania, New Zealand] Auckland Council red-faced over tobacco, Coke investments

"It's red faces at the council" - Auckland councillor Chris Darby on Checkpoint The council had about $320 million invested with 11 different fund managers in New Zealand and overseas. An investigation by RNZ News found one of those funds holds shares i
Radio New Zealand - Te Reo Irirangi o Aoteoroa (RNZ) (nz)
added Aug 1, 2016 15:27

[UK] Sales light up at Big Four cigarette maker British American Tobacco but profits fall in mixed results

Turnover at the Pall Mall and Dunhill maker was up by 4.2 per cent reaching £6.7bn in the six months to 30 June. However, adjusted profit from operations were down 2.2 per cent, reaching £2.5bn, while operating profit dipped 5.7 per cent to £2.2bn.
City A.M. (uk)
added Jul 29, 2016 18:32

British American Tobacco Beats First-Half Expectations

The company saw a greater than expected increase in reported earnings per share and the group also saw strong revenue growth, volume growth and gained market share. Management attributed the strong performance to good organic growth, higher cigarette pri
added Jul 28, 2016 17:50
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British American Tobacco sales rise

reported higher half-year sales compared with the previous six months on Thursday, helped by volume increases...said sales rose 6 percent in the half year to 30 June, excluding currency fluctuations, acquisitions and divestitures. The increase was also dr
added Jul 28, 2016 16:21

Vector Group Reports Second Quarter 2016 Financial Results

Second quarter 2016 revenues were $438.3 million, compared to revenues of $416.2 million in the second quarter of 2015. The Company recorded operating income of $70.7 million in the second quarter of 2016, compared to operating income of $55.8 million in
Business Wire
added Jul 28, 2016 16:19

Half-year report to 30 June 2016

Group revenue was up 7.8% at constant rates of exchange, or 6.0% on an organic basis, driven by a strong volume performance and good pricing. Reported revenue was 4.2% higher than the same period last year, reflecting the continued adverse translational
British American Tobacco (BAT)
added Jul 28, 2016 16:16
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