Tobacco

Altria Gets $2.7bn From Philip Morris For IQOS U.S. Sales Rights

U.S. cigarette maker Altria Group Inc said industry peer Philip Morris International Inc (PMI) has agreed to pay it $2.7 billion (€2.76 billion) for t...

Imperial Brands Launches Share Buyback Programme, Issues Trading Update

Imperial Brands has launched a multi-year share buyback programme that aligns with its five-year strategy to deliver sustainable growth and enhanced shareh...

Philip Morris Appoints Two Former US FDA Officials To Key Roles

Philip Morris International Inc has appointed two former US Food and Drug Administration (FDA) officials to key positions at a time when tobacco companies...

BAT Study Finds Glo Less Toxic Than Cigarettes, Scientists Sceptical Of Benefits

British American Tobacco (BAT) said a year-long study evaluating the potential harm reduction of using heated tobacco products compared to cigarettes will...

Activist Investor Elliott Raises Stake In Swedish Match To Above 5%

Activist investor Elliott Investment Management's stake in Swedish Match crossed 5% on Friday, making it the biggest shareholder in the tobacco and nicotin...

Tobacco Group Swedish Match's Profit Narrowly Beats Estimates

Swedish Match, which is the target of an agreed $16 billion (€15.7 billion) bid by Philip Morris International, has reported second-quarter operating...

BAT Confident Of Meeting Targets Despite Timing Of Russian Business Transfer

British American Tobacco is still working towards transferring its Russian business and is confident in delivering its financial targets irrespective of ho...

Euro Zone Retail Trade Weaker Than Expected As Food Sales Fall

Euro zone retail sales were much weaker than expected in April, data showed on Friday, pulled down by principally by reduced purchases of food, drinks and...