Tobacco

Weak IQOS Shipments Drive Philip Morris' Q4 Disappointment

Philip Morris International missed estimates for fourth quarter profit and forecasts for 2024, with slowing sales of its flagship heated tobacco...

Altria Edges Past Quarterly Profit Expectations On Higher Pricing

Marlboro maker Altria edged past fourth-quarter adjusted profit expectations, as higher prices and a shift to alternative nicotine products helpe...

UK Inflation Picks Up Unexpectedly In December After Tobacco Duty Rise

Britain's annual rate of consumer price inflation (CPI) sped up for the first time in 10 months in December following an increase in tobacco duty, increasi...

Philip Morris Names Navaneel Kar As Managing Director Of India Operations

Philip Morris International (PMI) has appointed Navaneel Kar as the managing director of its India operations, IPM India Wholesale Trading Private Limited...

Sligro Food Group Sees Double-Digit Revenue Growth In FY 2023

Dutch wholesaler Sligro Food Group has seen a 15.2% year-on-year increase in revenue to €2.9 billion in its financial year 2023.

BAT Ireland Calls For Ban On Vape Flavours That Target 'Underage' Consumers

Tobacco firm BAT, which is also a major player in the vaping sector, has called for a ban on 'confectionery, dessert and soft drink' vape flavours in Irela...

Tobacco Firms' Transition Under Fire As WHO Targets Vaping

Tobacco firms that are shifting to new nicotine products have the most to lose if tobacco alternatives face the same rules as cigarettes.

Euro Zone Retail Sales Inch Up In Oct, Ending Three-Month Decline

Euro zone retail sales rose very slightly in October, broadly in line with expectations, after three consecutive months of decline, suggesting that consume...