Tobacco

Imperial Brands Appoints Stefan Bomhard As Chief Executive

Cigarette maker Imperial Brands Plc on Monday appointed Stefan Bomhard as its chief executive officer, replacing Alison Cooper, as the industry faces a reg...

Altria Takes Another $4bn Hit On Juul Investment

Altria Group Inc took another $4 billion (€3.6 billion) charge on its investment in Juul Labs Inc and said it had reworked its deal terms with the emb...

Japan Tobacco Cuts Profit Outlook On Weakness In Reduced-Risk Cigarettes

Japan Tobacco Inc cut its annual profit outlook on Thursday, citing weaker-than-expected sales of its reduced-risk cigarettes amid strong competition from...

Swedish Match Profits Boosted By Sales Of Tobacco-Free Pouches

Tobacco group Swedish Match on Friday reported a bigger-than-expected rise in third-quarter operating profit, helped by strong sales growth of its tobacco-...

Imperial Cuts Annual Profit Forecast On US Vaping Backlash

British tobacco company Imperial Brands Plc on Thursday cut its revenue and profit outlook for the full year in the face of a regulatory backlash against v...

Philip Morris And Altria Ditch Merger Talks Amid Vaping Crackdown

Philip Morris International has scrapped merger talks with Altria Group and will instead focus on the launch of its tobacco-heating product iQOS in the Uni...

U.S. FDA Proposes Graphic Warnings On Cigarette Packs, Advertisements

The U.S. Food and Drug Administration has proposed that cigarette packs carry graphic new health warnings including pictures and text outlining lesser-know...