Reynolds American Inc. promoted a number of innovative smoke-free tobacco products which are about to be launched to the U.S. market, in attempt to rise the tobacco company’s performance and retain consumers More »
Promotions and brand extensions ensured solid performance of Imperial Tobacco’s key tobacco brands and helped the company record an 8 percent increase in year-over-year earnings per share. The fourth-leading cigarette maker in More »
Facing heavy legal challenges from tobacco industry, the U.S. Food and Drug Administration has concluded to discard its nine graphic heal warnings for tobacco products and begin from the start again.
The federal body said it will return to the drawing board and develop new warnings rather than keep fighting against the tobacco companies for its present labels, among which are pictures of dead lungs and smoker’s corpse. The agency had a term until Monday, March 18 to request the U.S. Supreme Court to revise a ruling by an Appeals Court that upheld the decision that the requiring graphic labels infringed free speech rights protected by the First Amendment.
“Gangnam Style” is set to hit Canada, however, don’t start looking for tickets to the PSY show
‘Gangnam Style,’ which become world-known, thanks to a sensationally popular single by Korean super star PSY, is now targeting Canada in a very unusual way.
The Manchester-based company behind the Intellicig brand of electronic cigarette has been acquired by British American Tobacco following a deal that gives its owners a giant “lucky strike”.
Four brand-new smoking lounges under Camel trademark were inaugurated in the Pier A-Plus Frankfurt Airport Terminal One
The world’s third-largest cigarette maker, Japan Tobacco International in cooperation with Frankfurt airport operator Fraport has launched four smoking zones under its flagship Camel brand in the pier A-plus Terminal One at Frankfurt International Airport.
People who are used to smoke when they consume alcohol are likely to be at a higher risk to have a hangover next day, concluded a study, to be published in the Journal of Studies on Alcohol and Drugs January 2013.
For those who have ever drunk too much know the feeling of the next-day hangover syndrome, accompanied by headache, fatigue, vomiting and nausea. Yet, some party-lovers may be resistant to hangover symptoms: nearly 25% of people who drink enough alcohol to get hangover usually don’t have it.
Major rivals likely to follow PM USA steps shortly
Philip Morris USA, the leading cigarette maker in the USA, owned by Altria Group, is set to complete a six cent price increase per pack of all of its cigarette brands, the second time the tobacco giant has raised its price list this year, reported Dow Jones.
Smokers celebrate, as Obama Administration turns down draconian proposal targeting smokers.
The Administration of President Obama this week successfully turned down one of the provisions of the federal public health legislation, which would have permitted insurance providers within the small group segment of the market to oblige smokers pay about a half more than those who do not smoke for insurance.
In accordance with the introduced bill, workers who consume tobacco in any form, may escape from paying these larger premiums in case they agree to take part in a smoking cessation programs.
Reynolds American Inc. promoted a number of innovative smoke-free tobacco products which are about to be launched to the U.S. market, in attempt to rise the tobacco company’s performance and retain consumers in the segment.
RAI latest products, among which are an electronic cigarette and nicotine replacement treatment, are being introduced as the company deals with a challenging trade environment driven by to slipping demand for conventional cigarettes. Cigarette sales have been shrinking for several years, partly due to economic downturn and high unemployment which leads to less disposable income in adult consumers.
Last week Altria Group, parent company of the leading cigarette maker in the USA, Philip Morris, revealed its financial report for the third quarter of the year. The company reported revenue added 2.2% on the year-over-year basis, equaling $6.2 billion and significantly surpassing consensus estimates. Adjusted earnings grew by 3.2% to post $0.58 per share, nearly in-line with anticipated results.
The company had to pay a heavy charge of $874 million to settle early debt extinguishment, and in addition it benefited from inexpensive interest rates, releasing $1.9 billion of 2.85% unsecured notes to be paid in 2022 and further $900 million in 4.25% unsecured notes to be paid in 2042. Analysts believe the given capital could be directed to buy back shares, since the company approved a supplemental $500 million for its share buyback plan.
Although experts think Altria shares are valued at a fair basis, anti-smoking measures hinder possibly accretive spending on promotion and marketing, while according to experts, dividends and share repurchase are the best way for Altria to provide shareholder value.
Promotions and brand extensions ensured solid performance of Imperial Tobacco’s key tobacco brands and helped the company record an 8 percent increase in year-over-year earnings per share.
The fourth-leading cigarette maker in the world has concentrated efforts on low-cost brands, such as West, Lambert & Butler, Classic and JPS as well as roll-your-own tobaccos.
In addition, the company has also lifted prices of its upmarket brands for wealthy customers, mainly from Western Europe, Canada and the United States.
Following the steps of its major rivals, British American Tobacco and Philip Morris, the group is expending its presence in developing markets seeking to offset shrinking sales in many of its key developed markets.
“We see considerable opportunities for development in emerging markets, covering the countries of Eastern Europe, Asia, African and the Middle East, and we intend to continue investing in these regions to support longstanding growth,” the U.K.-based cigarette maker declared in a note to shareholders.