Tobacco

Marlboro’s Decline Puts Pressure On Altria To Find New Revenue

Altria Group Inc. saw shipment volume of its Marlboro cigarettes tumble 5.5 percent last quarter, putting pressure on the largest U.S. tobacco company to g...

Reynolds Misses Profit Estimates, Hurt By Takeover Expenses

Reynolds American Inc., the No. 2 seller of tobacco in the U.S., posted second-quarter profit that missed analysts’ estimates, hurt by lower cigarett...

Philip Morris Sales Miss Estimates As Strong Dollar Hurts Sales

Philip Morris International Inc., the world’s largest publicly traded tobacco company, posted second-quarter profit that missed analysts’ estim...

BAT to Cut 950 Jobs At German Cigarette Factory To Reduce Costs

British American Tobacco Plc, the maker of Lucky Strike cigarettes, is eliminating 950 jobs at a German factory as it moves to cut costs amid a decline in...

U.K. Opens Bond Market With Cigarettes and Alcohol After Brexit

The U.K. has reopened its corporate bond market with cigarettes and alcohol. British American Tobacco Plc and Jack Daniel’s whiskey maker Brown-Fo...

Moody’s: Tobacco Volume Decline ‘May Accelerate In Developed Markets’

Credit ratings agency Moody’s has said that the pace of tobacco volume decline in developed markets ‘could speed up again during the next 12-18...

Norway to Detail Progress On Plain Packaging Of Tobacco On May 31

The Norwegian government will discuss the introduction of plain packaging for tobacco products next week, as the Nordic nation seeks to become the latest c...

Axa To Divest Its Tobacco Industry Assets Worth $2 Billion

Axa SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the indust...