Cigarette giant BAT sees 2006 profits advance
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British American Tobacco announced Thursday that net profits climbed 7.3 percent last year as the company was bolstered by rising sales in emerging markets.
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Reynolds American Inc. RAI.N, the  maker of Camel and Kool cigarettes, on Monday posted a  third-quarter profit and raised its expectations for its  full-year performance on tax benefits and cost savings.
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The tobacco company reports adjusted EPS growth of 12% versus its year-ago quarter.
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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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Profits got a boost despite sluggish sales from the challenging environment.
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LONDON - 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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Anheuser-Busch Cos. Inc. , brewer of Budweiser and Bud Light, said on Tuesday it expects revenue per barrel to rise in 2007, with price increases planned for early next year.
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The company posted net earnings of $546 million on sales of corporate jets and combat vehicles and it raised its outlook for 2007.
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Global food giant Nestle on Thursday reported a rise in 2006 net profits to more than seven billion dollars and said prospects for the year ahead looked good as it moves further into the health and wellbeing markets.
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Gallaher Group, the tobacco firm being bought by Japan Tobacco, has said that its net profit jumped by 9.2 percent to 403 million pounds in 2006.
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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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Gallaher&#39;s profits rose 4.4 percent in the first half as its improved prospects in Britain offset worsening trading conditions in continental Europe, the tobacco company says.
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British American Tobacco, the world&#39;s second-biggest cigarette maker, has posted a 20 percent rise in nine-month profits, saying its wide brand portfolio and geographic spread have helped offset the strength of the pound.
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Altria Group Inc., owner of the Philip Morris cigarette companies, said Wednesday that second-quarter income fell more than 18 percent but also reported a rise in profit from continuing operations and revenue.
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Food and drinks firm C&amp;C Group today said profits had risen 6% despite bad weather and the public smoking ban. C&amp;C, formerly known as Cantrell &amp; Cochrane, said operating profits had increased to â¬64.
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Gallaher Group, which makes Silk Cut and Benson &amp; Hedges cigarettes, yesterday announced a small rise in profits for the first half of the year but said it was facing tough trading outside Britain, especially in Germany and Ireland.
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Reynolds American Inc. RAI.N, the  maker of Camel and Kool cigarettes, on Monday posted a  third-quarter profit and raised its full-year forecast, citing  tax benefits and cost savings.