Tobacco

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...

BAT Takes £25bn Impairment Charge On US Cigarette Brands

British American Tobacco said that it is to take an around 25 billion (€29.2 billion) impairment charge as it reassesses the value of some of its U.S....

Imperial Brands Expects Profit Growth Next Year, Raises Dividend

Imperial Brands has forecast revenue and profit growth next year, helped by pricing actions and investments in tobacco alternatives.

Euro Zone Retail Sales Fall In September, Exposing Weak Consumer Demand

Euro zone retail sales fell roughly in line with expectations in September, latest data showed, highlighting weak consumer demand and the prospect of reces...

Why Brewers Aren't Worried About Wegovy Users Drinking Less Beer

Global brewers AB InBev and Carlsberg this week played down concerns among some investors that demand for weight-loss drugs may lead to a sharp drop i...

British American Tobacco Names Soraya Benchikh As Next CFO

British American Tobacco has appointed Soraya Benchikh as its chief financial officer, filling a role left open by the promotion of its current CEO earlier...

Marlboro Maker Cuts Profit Forecast As Smokers Swap To Cheaper Brands

Tobacco giant Altria Group cut its annual profit forecast as more smokers swapped its higher priced cigarettes for cheaper brands or smoking alternatives.

Philip Morris Lifts Profit Forecast On Higher Pricing, ZYN Growth

Philip Morris International (PMI) has raised its annual profit forecast as third-quarter earnings beat expectations thanks to higher cigarette prices,...