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News Breaks
June 18, 2014
06:41 EDTJAPAF, BTI, ITYBY, PME.U. regulations aim to track, trace tobacco products, Reuters says
The E.U. is asking tobacco firms Philip Morris (PM) British American Tobacco (BTI), Japan Tobacco (JAPAF) and Imperial Tobacco (ITYBY) to do more to track and trace their products in order to tackle a huge black market and prevent some of the deaths linked to smoking-related diseases, reported Reuters. The legislation takes effect over the next two years, but the large international tobacco companies already use a track and trace system called Codentify and do not want to add an expensive third-party system to their operations. Reference Link
News For PM;BTI;JAPAF;ITYBY From The Last 14 Days
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November 20, 2015
09:33 EDTBTI, ITYBYBritish 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, PME-cigarette sales slumping sharply, WSJ says
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