Posted By Jessica Miller on May 24, 2013
Presidential finances are all about theater. However this year was more theatrical than virtually all: Its greatest single new proposition – the sin tax to deliver $78 billion to finance a preschool education program – faded virtually once Obama declared it several weeks ago.
Posted By Jessica Miller on May 20, 2013
British American Tobacco (BAT), the world’s second-giant cigarette manufacturer, revealed a growth in revenue in 2012 as the company increased prices despite tougher legal guidelines against cigarette use. The producer of Dunhill, Kent, Lucky Strike and Pall Mall cigarettes announced a 14.5% surge in pre-tax revenue of £5.6bn in 2012, up from £4.9bn in 2011, the London-based company stated at the press conference.
Posted By Jessica Miller on May 10, 2013
Japan Tobacco International (JTI) is anticipating the tobacco industry to keep on being really complicated this year because of the ongoing sale of illicit cigarettes and the influence from particular local brands being sold lower than the Government required minimum cigarette price.
Posted By Jessica Miller on May 3, 2013
Market-share profits in all of Reynolds American key cigarette brands, alongside with decreased costs, led to a 9.3 % boost in 1Q net income to $398 million. The regular earnings estimate was 69 cents according to industry experts. Industry experts usually don’t include one-time revenue profits and charges in their estimates.
Posted By Jessica Miller on April 26, 2013
Philip Morris International (PMI) is fortifying its long lasting determination to the future of tobacco growing in Spain by reviving its Framework Collaboration Agreement with the Spanish Ministry for Agriculture, Food and the Environment for the following three years, the company representative stated a week ago. “As part of the completely new Agreement signed these days in Madrid, PMI will acquire 33 % more of the Spanish tobacco crop in 2013 in comparison to 2012,” the company reported in a note shared on its official website on Monday. “In 2014 and 2015 PMI will raise its tobacco acquisitions by an annual rate of around 5 %.”