Categories:
· Business
International:
· Worldwide
|
|
BAT boosts profits despite recession |
|
Source:http://www.guardian.co.uk/,2010-03-18
|
|
British American Tobacco boosted profits last year despite cigarette smoking declining and the recession forcing people to trade down to cheaper brands or rely on smuggled or counterfeit products.
>>>
|
|
Categories:
· Business
International:
· USA
|
|
Philip Morris posts profit gain; announces buyback |
|
Source:http://www.marketwatch.com/,2010-02-15
|
|
|
Philip Morris International on Thursday reported a fourth-quarter profit of $1.52 billion, or 80 cents a share, up from $1.45 billion, or 71 cents a share, in the same quarter of 2008. The company would have earned 81 cents a share on an adjusted basis. Revenue rose to $6.72 billion from $6.12 billion a year earlier. The average estimate of analysts polled by FactSet Research had been for the company to earn 79 cents a share on revenue of $6.54 billion. The tobacco giant also forecast 2010 earnings per share to be in a range of $3.75 to $3.85, up from $3.24 a share in 2009. In addition, Philip Morris announced a $12 billion share repurchase program.
>>>
|
|
Categories:
· Business
International:
· U.K.
|
|
Philip Morris added to Goldman conviction buy list |
|
Source:http://www.marketwatch.com/,2010-01-18
|
|
|
Goldman Sachs upgraded Philip Morris to conviction buy from buy Monday, saying strong earnings growth is being under-appreciated by the market and that it believes volumes should return to growth by mid-2010, helped by a recovery in emerging markets. Goldman also said there is the potential for continued margin improvement as the company stands to benefit from "a healthy pricing environment" and cost savings. "We believe cigarette pricing continues to have notable headroom for growth in many of Philip Morris' core growth markets as relative cigarette pricing remains low."
>>>
|
|
Categories:
· Business
International:
· USA
|
|
Reynolds American lifts dividend by 5.9% |
|
Source:http://www.marketwatch.com/,2009-10-28
|
|
|
Reynolds American Inc. said that it was raising its quarterly dividend by 5.9% to 90 cents a share from 85 cents a share. The dividend is payable on Jan. 4, 2010, to shareholders of record on Dec. 10, 2009. "I am very pleased to announce this dividend increase, which reflects the continued strength of our business," said the tobacco company's Chief Executive Susan Ivey.
>>>
|
|
Categories:
· Business
International:
· USA
|
|
Cigarette demand falling, but profits solid |
|
Source:http://www.newsobserver.com/,2009-10-23
|
|
The weak economy and higher prices are snuffing out cigarette demand around the world - most vigorously in the U.S., where a federal tax hike, smoking bans, health concerns and social stigma have cut demand at least 10 percent.
>>>
|
|
