The global e-cigarette market is set to be worth $32bn by 2021, and the UK market will grow to $5.67bn December 14, 2016 The global electronic cigarette market is set to be worth $32bn (£25bn) by the year 2021, while the UK market grows to $5.67bn (£4.46bn), a new report suggests. The "tremendous" growth rate of vapour products is due to increased popularity in North America, particularly the US, and European countries including the UK, a new report by Beige Market Intelligence [...]
Tobacco giants have lost their legal battle over plain packaging November 30, 2016 Tobacco giants have lost a legal battle against the government's new plain-packaging rules. British American Tobacco (BAT), Imperial Tobacco and Japan Tobacco International (JTI) appealed against the High Court's decision in May to enforce standardised plain packaging laws on cigarette boxes. Read more: Big tobacco firms aim to stub out new plain packaging laws via appeal Daniel [...]
October was a mega month for global M&A thanks to AT&T, BAT and Qualcomm October 31, 2016 AT&T, British American Tobacco (BAT) and US wireless technology company Qualcomm helped drive October to become one of the biggest on record for global mergers and acquisitions (M&A) activity. More than $500bn worth of deals were announced in October, with US companies particularly active despite the upcoming US presidential election. Read more: US presidential election: There's [...]
Reports: BAT’s $47bn offer for Reynolds could be up in smoke November 15, 2016 Reynolds American has stubbed out a $47bn (£37.8bn) takeover offer from British American Tobacco (BAT) because the price is too low, according to reports. BAT, which already holds a 42 per cent stake in Reynolds, sought to snap up the remaining 58 per cent in the Camel and Pall Mall cigarette producer last month. The tie-up would also open [...]
Philip Morris has launched IQOS, its first smokeless cigarette, in the UK November 30, 2016 Marlboro-maker Philip Morris International (PMI) has launched its smokeless cigarette IQOS in the UK market. Unlike electronic cigarettes, which vapourise nicotine suspended in a liquid, this alternative product heats tobacco enough to produce a vapour without burning it, which the company believes makes it much less harmful. The vapour still contains nicotine but yields on average less than 10 [...]
Imperial Brands must invest in new, safer heating products to compete with tobacco giants December 11, 2016 Imperial Tobacco's failure to invest in safe new products could hit future profits, City analysts have said. The tobacco giant's reluctance to develop reduced risk materials could impact on long term growth after rival firms have poured billions into developing safer cigarette technology. British American Tobacco (BAT), Philip Morris International (PMI) and Japan Tobacco International (JTI) all [...]
E-cigarette innovation is stalling, a leading doctor has warned November 17, 2016 Innovation in electronic cigarettes will stall unless a bridging approach to new product regulations is made. New variants of e-cigarettes and next generation products risk being tied up in development, said James Murphy, head of reduced risk substantiation at British American Tobacco. Murphy gave a keynote speech today at the Next Generation Nicotine Delivery conference in [...]
Markets have the Friday feeling … and that means nothing much is changing October 21, 2016 Theresa May is half-way through her first official meeting of EU leaders over in Brussels. Across the pond, the ferocious US Presidential Election is approaching with alarming speed, and in Europe, Mario Draghi is intent on keeping the quantitative easing guessing game running for as long as he can. Plenty then, you would think, for [...]
British American Tobacco share price rises on better-than-expected sales October 28, 2015 Sales at the world’s second-largest tobacco firm beat expectations, but exchange rates are still a headache and British American Tobacco warned it hasn’t been left unaffected by the “slower than expected” global recovery. The figures British American Tobacco reported sales growth of 4.2 per cent in the first nine months of the year, ahead of analysts’ [...]
Big Tobacco firms Philip Morris, British American Tobacco and Imperial Tobacco take up arms against UK government’s plain packaging legislation December 9, 2015 Major tobacco firms are taking up arms against the UK government’s bid to remove all branding from cigarette packages in a landmark hearing opening in London tomorrow that’s set to have a domino effect across the world. Philip Morris, British American Tobacco, Imperial Tobacco and Japan Tobacco International are suing the British government for infringing their [...]