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News Breaks
December 19, 2012
08:50 EDTBTI, VGR, PM, MO, RAI, CIGX, LOEU announces proposed legislation for strengthened tobacco rules
The European Commission announced that it has adopted its proposal to revise the Tobacco Products Directive. The proposed legislation consists of new and strengthened rules on how tobacco products can be manufactured, presented, and sold, the agency said. Specifically, it bans the use of cigarettes, roll-your-own tobacco and smokeless tobacco products with characterizing flavors. It regulates cross border internet sale and foresees technical features to combat illicit trade. Moreover, measures are proposed for products that were not specifically regulated so far such as e-cigarettes and herbal products for smoking. Chewing and nasal tobacco will be subject to specific labeling and ingredient regulations. The existing ban for oral tobacco shall be maintained. Reference Link
News For CIGX;RAI;LO;PM;BTI;MO;VGR From The Last 14 Days
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November 20, 2015
09:33 EDTBTIBritish American Tobacco rumored to prep for Imperial Tobacco takeover, FT says
British American Tobacco (BTI) has financing in place to launch a full takeover bid for Imperial Tobacco (ITYBY), though no approach has been made and there is "no certainty one ever will be," FT Alphaville said, citing people claiming direct knowledge of the process. The blog marked the story as "market chatter," it should be noted. Reference Link
November 18, 2015
10:38 EDTPMPhilip Morris sees FY15 international industry cigarette volume to decline 2.5%
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10:37 EDTPMPhilip Morris announces additional city launches of iQOS
PMI announces additional city launches in 2015 of its Reduced-Risk Product, iQOS, in Lisbon, Portugal, Bucharest, Romania and Moscow, Russia;
10:36 EDTPMPhilip Morris backs FY15 EPS $4.35-$4.40, consensus $4.44
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06:39 EDTBTI, MO, PM, RAIE-cigarette sales slumping sharply, WSJ says
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November 13, 2015
12:34 EDTMOCaterpillar, General Motors, Altria Group are market beaters, Barron's says
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