British American Tobacco (BAT) Zimbabwe volumes during the year to December 2013 dropped about 17 % to 1,301 billion sticks manufactured in the previous year because of a decrease in the market size. This comes after the 30 % price boost taken on affordable segment in December 2012 in opposition to a 50 % excise raise to around US$15 per mille, the company’s finance leader Mr. Peter Doona stated analysts several days ago. Read more
Mobile phones operators in India are behaving as recklessly American cigarette manufacturers did in the past, noted the problems with health, and care not to step on before it’s too late, say experts in the study of electromagnetic radiation and health professionals.
“COAI, the umbrella organization representing cellular operators, repeatedly claiming that the radiation of cell tower will not cause any harm. Tobacco industry said the same thing about smoking till conclusive research proved otherwise. Now there are millions of people around the world who suffered from smoking. Fact, the mobile phone / tower radiation is worse than smoking, a person cannot see or smell and its effects on health have noticed that after a long period of exposure, “said Girish Kumar of IIT Mumbai. Read more
The world’s No. 2 tobacco company by sales boosted revenue slightly despite flat volumes and said the results were against tough year-on-year comparisons and were hit by adverse currency effects. Ream more »
While I dislike the tobacco industry on ethical grounds, from a pure investment analysis standpoint it is worth noting May’s dip in share price of British American Tobacco (BATS) within the FTSE 100 index, from a peak around 3,250p to about 3,000p now.
Although a “heavy” share price which may deter some people, its value credentials look strong indeed and worthy of consideration by investors trying to navigate a way through the wider financial mayhem. Ream more »
LOCAL cigarette manufacturer British American Tobacco Zimbabwe Limited is the latest foreign-owned company to comply with the Empowerment Regulations, after concluding negotiations for almost 10 percent workers’ ownership of the company.
The details of the share option scheme were not immediately available, with management insisting that negotiations were continuing. But most of the sticking issues appear to have been resolved, informed sources said. Ream more »
The more British American Tobacco (ASE: BTI) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders. Healthy margins often separate pretenders from the best stocks in the market. That’s why we check up on margins at least once a quarter in this series. Ream more »
British American Tobacco’s Nigerian subsidiary has a near-monopoly, commanding 80 per cent of the market—but this position has not been achieved without hard work and a positive strategy towards health and economic development.
Though British American Tobacco Nigeria (BATN) was incorporated as an indigenous entity only 10 years ago in 2002, we are now coming up to the centenary of the parent company BAT’s presence in Nigeria. So 2012 will be the occasion for a double celebration among the 14,000 or more Nigerians employed, Ream more »
British American Tobacco Uganda (BATU) shares are up 18.8 per cent since July as investors bet that the tobacco manufacture will earn more from its exports because of a weak shilling and increased volumes. BATU began processing leaf for export to other parts of Africa in April, which might translate to higher turnover for the Uganda Securities Exchange listed firm.
This is after BAT International decided to move its central leaf materials headquarters from South Africa to Uganda. Ream more »
The long-running legal battle between the world’s two largest tobacco companies entered a new phase on Monday when Santiago’s Court of Appeals ruled that British American Tobacco Chile pay US$2.2 million in compensation to Philip Morris (PM) for lost market share due to anti-competitive practices.
The decision – which revoked an earlier ruling by the Civil Court of Santiago rejecting the compensation request by PM – is the latest in a series of cases dating back to 2002.
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British American Tobacco PLC (BATS.LN)Thursday said it has bought Colombia’s second-largest cigarette company by sales and market share, Productora Tabacalera de Colombia SAS, or Protabaco, for $452 million, filling a strategic gap in its operations in Latin America.
The acquisition will enlarge BAT’s presence in the country, which is Latin America’s fourth largest cigarette market which had total industry sales of around 17 billion cigarettes last year.
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