British American Tobacco Main Brands&#39; Sales Revived
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British American Tobacco Plc, the world&#39;s second-largest cigarette maker, said third-quarter sales of its main brands rebounded, reversing a first-half drop, and it gained market share in Canada after raising some prices.
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London equities started to recover on Thursday as investors looked for bargains after two days of selling. Strong earnings news from Reuters and British American Tobacco also helped lift the gloom.
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Business: 29 October 2004, Friday. British American Tobacco has been the only bidder to submit application papers for the purchase of two cigarette-making factories, it became known after the deadline expired 5 ...
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Greeting card maker American Greetings Corp. has reinstated its quarterly dividend after three years, as the company swings to profitability.
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Cracker Barrel is returning to its roots and looking to revive recent sales trends.
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Philip Morris USA, a division of Manhattan&#39;s Altria Group and the largest US maker of cigarettes, announced Friday that it will cut discounts on its Marlboro, Virginia Slims, Basic and Parliament brands--the first time in two years the company has
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Leading shares closed up with tobacco issues the top performers after of a bid approach for the Gallaher Group.
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British American Tobacco the world's  second biggest cigarette maker, beat forecasts with a 13.5  percent rise in third-quarter profits as upbeat trading from  Italy and Russia offset Canadian problems and the strong pound.
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British American Tobacco PLC posted a 60 percent jump in third quarter net profit Tuesday, thanks partly to lower taxation charges.
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Gallaher Group, the British tobacco firm being bought by Japan Tobacco, said Friday that its net profit jumped by 9.2 percent to 403 million pounds (598 million euros, 787 million dollars) in 2006.
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- Reynolds American Inc. RAI.N, the  No. 2 U.S. cigarette maker, on Tuesday posted a quarterly  profit, compared with a year-earlier loss, helped by a  restructuring and cost savings following the merger that formed  the company last year.
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Imperial Tobacco buys Commonwealth Brands, the fourth-biggest cigarette maker in the US, for Â£974m.
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The Imperial Tobacco Group of Britain agreed to buy Commonwealth Brands, the maker of the discount cigarettes USA Gold and Sonoma, from Houchens Industries for $1.9 billion, giving Imperial entrance into the United States. Houchens, which is privately held, has annual sales of 14 billion cigarettes. Commonwealth Brands, which was acquired by Houchens in 2001, has an estimated 3.7 percent of the $376 billion cigarette market in the United States.
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UK blue chips were strong in solid trade near the session peak as Wall Street pushed higher in early deals as investors assessed a big batch mainly positive batch of US data, dealers said
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Pub firm Mitchells & Butlers says sales at its Scottish pubs have risen despite the ban on smoking.
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The Gallaher Group, maker of Benson & Hedges and Silk Cut cigarettes, confirmed that it had received a takeover approach from a bidder it did not identify, setting off a 22 percent gain in its share price. Gallaher confirmed the bid in a statement to the London Stock Exchange after the market closed Wednesday. The bid reinforced recent speculation that the tobacco industry is due for consolidation and shares rose across the sector. ÂWe see the tobacco sector broadly benefiting from the Gallaher approach,Â said a Goldman Sachs analyst, Mark Lynch. ÂExpectations of industry consolidation have been widespread for many years.Â Analysts said one potential bidder for Gallaher would be Japan Tobacco. Gallaher has long been linked to Japan Tobacco, as it holds the right to market and sell Japan TobaccoÂs Camel cigarettes in parts of Europe. Credit Suisse said a tie-up between the two would be a Âparticularly good strategic fit.Â It would address Japan TobaccoÂs subscale position in Western Europe and strengthen its competitive position in Eastern Europe, the brokerage firm said.
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Tobacco company Reynolds American Inc., reporting earnings for the first time since the combination of RJ Reynolds and the US operations of Brown &amp; Williamson Tobacco, on Monday