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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
6 Views

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
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
4 Views

[Australia, Norway] Brisbane Times Ethics first as super investors get tough on tobacco

Australian Ethical has put the pressure on Norwegian company TOMRA to stop selling tobacco sorting machines. An Australian superannuation and investment fund is leading an international effort to pressure a Norwegian machinery maker to leave the tobacco
Brisbane (QLD) Times (au)
added Apr 26, 2013 21:34
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
30 Views

Zeller’s Address Suggests FDA Getting Closer to News on Menthol, Sub.Equivalence

While he did not offer any breakthrough disclosures, his comments suggest the FDA is “getting closer” to providing updates on menthol, “deeming” regulations for other tobacco products, and substantial equivalence.
Morgan Stanley
added Apr 25, 2013 17:01
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