Diageo’s share price is up as sin stocks hold firm amid Monday stock market turmoil June 27, 2016 Diageo investors will be toasting their stocks today as the alcoholic drinks maker was one of the strongest FTSE 100 risers on Monday. By 1.30pm (GMT) Diageo was the sixth-highest riser, with its shares gaining 2.3 per cent to reach 1,922p, on a day when banking giants Barclays and Royal Bank of Scotland both fell more than 10 [...]
Here’s what cigarette packaging will look like from tomorrow May 19, 2016 It's official: big tobacco has been told to back off and new plain packaging rules are due to come into force tomorrow. After a landmark ruling this morning, cigarette companies will be forced to package their products in a dirty green box (somewhere between olive and khaki), complete with those gruesome warnings about what their [...]
EU Tobacco Products Directive chokes off the UK’s e-cigarette and vaping market May 5, 2016 The European Court of Justice (ECJ) yesterday ruled in favour of legislation that will significantly choke off the UK’s burgeoning, multi-million pound e-cigarette market. From 20 May, the EU’s Tobacco Products Directive will restrict e-cigarette advertising in print, on television and radio, as well as clamp down on the strength of nicotine liquids and flavours [...]
Crack out the Jack Daniel’s: Sterling bond issuance lives after Brexit vote June 30, 2016 Two sterling-denominated debt deals launched today, a week after the UK voted to leave the European Union. British American Tobacco (BAT) is reportedly selling a five-year benchmark bond totalling £500m. And US drinks company Brown-Forman, which makes Jack Daniel’s and Finlandia vodka, is in the market with a £300m, 12-year deal. It also announced a €300m [...]
Solar, bitcoin, tech, Tesla and tea: seven important investment charts from August September 5, 2017 Each month, writers at Schroders pull together the most intriguing charts of the month. Solar production eclipsed (briefly) The US came to a standstill on 21 August as people looked skyward to witness a remarkable solar eclipse. But as the moon blocked the sun it also temporarily blocked solar energy production. California aims to generate [...]
Philip Morris International’s share price hit as the tobacco giant chokes on earnings below analyst expectations July 19, 2016 Big Four tobacco firm Philip Morris International's (PMI) share price was down almost four per cent on the New York Stock Exchange after it missed analyst expectations in its second quarter results today. The figures The Marlboro maker's cigarette shipment volume fell 4.8 per cent compared to the second quarter of last year, to 209.3bn [...]
Price increases and better product mixes will help European tobacco companies weather the plain packaging storm, according to Moody’s June 15, 2016 Price increases and stronger product mixes will help European tobacco companies stub out the negative effects of new plain packaging regulations and declining volumes, according to new research from Moody's. European tobacco giants Imperial Brands, Philip Morris International (PMI), British American Tobacco (BAT) and Swedish Match will stay resilient and experience steady operating profit growth of around four [...]
New Zealand is the latest country to propose introducing plain cigarette packaging laws May 31, 2016 New Zealand has emerged as the latest country to propose introducing plain packaging for cigarette boxes. In a statement released today, which coincides with World No Tobacco Day, the government said it would model the plain packaging requirements on those already in use in Australia, and will propose mandatory health warnings cover at least 75 [...]
Fine wine could be a safe investment haven following pro-Brexit vote as Sterling tumbles June 28, 2016 Investors looking for a safe haven amid the post-Brexit vote stock market turbulence could find calm in a surprising corner: the fine wine market. Vintage investments have a number of defensive characteristics and tend to perform well when the pound is weaker. During a week in which the pound has fallen to a 31-year low following the [...]
Big tobacco firms aim to stub out new plain packaging laws via appeal May 22, 2016 Two of the big four tobacco companies are set to launch an appeal in the coming weeks against last Thursday's High Court ruling that paved the way for new plain packaging laws on cigarette boxes. Japan Tobacco International (JTI) and British American Tobacco (BAT) have both said they will appeal against the High Court's decision [...]