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Posts Tagged ‘Imperial Tobacco’

Imperial Tobacco Maker Giving Free Cigarettes

Monday, August 13th, 2012

buy dunhill cigaretteNew Zealand’s largest tobacco maker will be investigated for giving free cigs to its workers. Imperial Tobacco’s trading boss Brendan Walker declared that cigs were available to office workers during their breaks at its Petone manufacturer, the Herald on Sunday argued. “It’s merely for study,” he told. The fact of the reason is we’re eager to receive the response and comments on those private manufacturing runs.”

Smoke-free law prohibits manufacturers from distributing cigarettes for free or at discount prices. Nevertheless, Mr. Walker said he is sure that Imperial Tobacco is acting within the legislation as employees could choose whether to test smoking products. “It’s completely up to an individual whether they see it as a improve or not.” He argued that there were no health special warnings on the smoking products. Hutt Valley Regional Public Health smoke-free officer Kristen Foley reported that he would seek new discussions with the tobacco company bosses next week about the test tobacco products. Last week Imperial Tobacco officially completed a $NZ45 million ($A34.80 million) upgrade to its Petone manufacturer which will quadruple its exports to Australia.

More than three billion cigs and 700 tonnes of roll-your-own tobacco products will be made at the plant and exported to Australia each year. Approximately 250 people work at the tobacco factory.

Tobacco Market Decline, UK Cigarettes Competence

Wednesday, May 2nd, 2012

cheap esse cigarettesImperial Tobacco declared that the declining of tobacco market in UK  was showing an amelioration of their business because more smokers turn to its value smoking brands. The Bristol-based tobacco company, whose Lambert & Butler famous tobacco brand controlled the UK tobacco market, reported a better UK competence since July as JPS Silver and Windsor Blue helped boost its tobacco market share by almost 0.1% on December to 45.1%.

It is hoping its Lambert & Butler brand will get a further boost from the recent launch of slightly smaller ‘queen-sized’ cigarettes and a new type of filter that can be crushed to release menthol.

Across the group, underlying revenues rose 8% in the three months to the end of March, up from a 1% decline in the previous quarter, as it benefited from strong demand in emerging markets, particularly Asia Pacific.

Price hikes helped overall revenues for the half-year rise 3.3% to £3.4 billion, even though volumes were down 4% as consumers in recession-hit countries cut back.

Its rolling cigarettes business, which involves Golden Virginia, JPS and also Gold Leaf, which has profited as cigarettes commerce was down to cheaper roll-your-own cigs, saw its UK tobacco market share improved somewhat in the second quarter.

Imperial considers that volumes in the UK market decrease 2 percent in the period, hit by a series of duty hikes, the latest of which was 5 percent overhead inflation and was announced in the March budget. Imperial reported that up to 90 percent of the cost of some packages is now cigarettes tax.

UK incomes increased by 12.2 percent to £469 million although this was flattered by weaker comparisons with the previous year, which was affected by a cigarettes price increase. Shares rose 3 percent following the better second quarter discharge, with group profits up 3 percent to £1.5 billion.

The cigarettes group, which owns Gauloises Blandes and Davidoff smoking brands, declared that its first quarter had been hit by the influence of approval in Syria, further declines in Spain and stocking following a tobacco price hike in the United States. Recent cigarettes sales were also helped by strong sales of  smoking products like cigars in arising markets such as China.

Imperial Tobacco Ex-President Confessions

Friday, April 20th, 2012

cheaper plugarul cigaretteThe ex-president of Imperial Tobacco Limited Company confessed in a confidential interview that he not consider and not accept the fact that smoking cigarettes is a really very serious health issue.  Then after a few months later he added that there is not arguments that tobacco smoking can causes disease. In a 1987 memo, Jean-Louis Mercier, along with Wilmat Tennyson, Imperial’s marketing man at the time, conceded that the cigarettes industry had lost the fight “on four critical fronts”: health, social price, social acceptance and secondhand smoke.

The memo concluded the tobacco industry should shift the censure to the federal state government.

Testifying Thursday at the trial in which smokers from Quebec are claiming $27 billion in damages from Canada’s big three Cigarettes Companies, Mercier repeated that the government, not the tobacco companies, was an error.

“Personally, I declared that if it is true that smoking kills 32,000 people a year, I don’t understand one thing why we sell cigarettes,” Mercier added in a large courtroom filled with lawyers on the top floor of Montreal’s courthouse. “Why does the government permit it?”

Mercier also reported that the gov, which has made billions of dollars over the years from cigarettes sales tax, should have put some of that money into researching how the negative effects of smoking could be reduced.

 

Imperial Tobacco in Spain

Friday, February 10th, 2012

discount winston cigarettes Imperial Tobacco has been hit by a combination of new anti-smoking regulations, increased competition and tough conditions for consumers.

The Bristol-based company is one of the largest in the world and, like other big tobacco producers, it has seen its revenues fall in recent months.

As a result of the tough conditions the firm, which owns the Davidoff and Gauloises brands, has seen a fall in cigarette sales over the last three months.

There was a marked fall in the key Spanish market during the first quarter of the year, though the company insists the decline is slowing. Imperial issued a profit warning as a result of a price war with main rivals BAT and Philip Morris, revealing in November, that its full-year operating profit in Spain had fallen by more than a quarter to £200 million.

Imperial Tobacco said underlying sales fell seven per cent in the final quarter of 2011 as a result of sanctions in Syria, the problems in Spain and de-stocking following a price rise in the US.

But revenues were down one per cent as it benefited from price rises and the sale of more expensive products.

And in the UK it has seen strong demand for its value brands, including JPS and Windsor Blue, and a rise in demand for fine-cut tobacco as customers turn to rolling their own to save money.

Imperial also reported strong growth in emerging markets, where sales of Cuban cigars rose 14 per cent, while its key brands of Davidoff, Gauloises Blondes, West and JPS, have seen 10 per cent sales growth.

Shares in the world’s fourth largest tobacco group were up two per cent after chief executive Alison Cooper said it remained on track to meet its targets for the year to the end of September.

But Martin Deboo, an analyst at Investec Securities, said the seven per cent worldwide sales decline was worse than City expectations.

Imperial claimed the underlying decline was one per cent when events in Syria, US, Spain and the Ukraine were stripped out, but Mr Deboo said he was not convinced these were one-offs.

The company has been dealt a further blow over the introduction of anti-smoking regulations in Scotland.

Imperial lost its appeal against the introduction of a ban on the display of cigarettes in shops.

It was unanimously dismissed by three senior judges at the Court of Session in Edinburgh.

The company’s civil action, which also opposed a ban on tobacco vending machines, delayed the implementation of the Scottish Government’s measures.

Imperial Tobacco Fights Cigarettes Logo Ban

Tuesday, December 13th, 2011

tobacco market onlineImperial Tobacco has also launched a legal action against the new Australian law which requires tobacco products to be sold in plain packaging. Imperial Tobacco Australia Ltd., the third-largest company in the Australian tobacco market filed pleadings in the country’s high court.

The challenge was filed a week after a similar action by British American Tobacco (BAT) Australia Ltd., the country’s market leader.

Philip Morris, however, was the first tobacco company which filed a lawsuit in November in a bid to use law and compensation claims as a mean to foil the Australian new actions against the deadly market.

“The High Court of Australia will now determine claims which include the validity of these unprecedented laws. Unchallenged, the Australian government would otherwise be able to simply take the intellectual property of legal entities,” said Imperial Tobacco Australia General Manager Melvin Ruigrok.

Under the new law, from December 2012 all tobacco products including cigarettes, pipe tobacco and cigars will be sold in drab, olive-brown packets with large, graphic health warnings.

In mid October, WHO director-general Margaret Chan accused giant tobacco industries of using lawsuits as dirty tricks to subvert national laws and international conventions aimed at curbing cigarette sales.

Referring to tobacco firms’ legal actions against anti-smoking measures in Australia and Uruguay, Chan cautioned that these “scare tactics” are “deliberately designed to instill fear in other countries wishing to introduce similarly tough tobacco control measures.”

The developments in Australia have been closely watched by countries such as Canada and New Zealand as well as European nations that are considering similar moves to reduce smoking and its deadly and costly health consequences.

Higher Cigarette Prices Climb Imperial Tobacco

Tuesday, July 5th, 2011

cheap camel cigarettes onlineInvestors, on the other hand, will be celebrating. The shares rose 26p to £21.43 yesterday, on the hope that this could finally put an end to an ongoing price war in Spain. British American Camel Tobacco also ticked up 33p to £27.87. Analysts applauded Imperial’s stance although Citigroup urged caution: “While we expect the rest of the industry to follow Imperial’s lead on prices, we can’t be certain.

It may be that the rest of the industry wants to wait for a while to see if the government will change the tax system.”

The analysts retained a buy rating on the stock with a target price of £23. In the wider markets, there was a sense that the mood was shifting as brokers turned bullish on European stocks.

Nomura increased its recommendation from neutral to overweight, while Deutsche Bank upgraded its tactical view on European equities to positive.

They expect the global economy to pick up in the fourth quarter, as the impact of the higher oil price and Japan’s tsunami diminish. “Risks around oil have moderated,” they said, “And consensus growth expectations have been revised down sufficiently.”

The blue-chip index pushed past the significant 6,000 mark for the first time since May, although volumes were weak because of the US holiday for Independence Day.

The FTSE 100 closed up 27.78 at 6,017.54, while the mid-cap index ended the day 61.99 higher at 12,102.27.
Low volumes and little activity set traders dreaming of M&A. Yesterday’s rumour suggested either Procter & Gamble or Unilever would buy Reckitt Benckiser for around £50-a-share.

Competition issues over any acquisition would mean the eventual buyer would have to break up Reckitt, and the suggestion was that Colgate Palmolive could mop up any remaining parts. Reckitt shares ticked up 35p to £34.88, while Unilever was 25p higher at £20.37.

There was also talk that Dragon Oil, a £2.7bn oil producer with operations in the Caspian Sea, could be bought out by its biggest shareholder, the Emirates National Oil Company, for 700p-a-share. Rumour had it that China’s state-owned oil company CNOOC might also be interested in the company, driving the shares up 42½ to 550½p.

In the UK, property stocks rose with the market. British Land put on 14 to 629½p on the back of a bullish note from Deutsche Bank. The analysts said they expect the group’s share price to “appreciate considerably” over the next 12 months as the value of its properties increase.

They said the company is well placed to buy distressed property loans from the banks. They added that British Land has a better portfolio than Land Securities – up 14 at 880½p – with less central London offices and more out-of-town retail properties. Deutsche rates British Land a buy with a price target of 820p.

Broker comment also lifted temporary power provider Aggreko 36p to £19.80. Citigroup raised its target price from £17.33 to £23. The analysts said the company’s International Power Projects (IPP) should continue to grow on the back of three drivers – electricity consumption in non-OECD countries, potential in untapped countries, and extensions of existing contracts.

The top blue-chip riser was engineering group John Wood, which continued last week’s rally. It ended the day up 22.73 at 694p. The company was lifted by a mid-week trading update and an upgrade by Goldman Sachs from neutral to buy.

Rival Weir Group ticked up 44p to £21.85 in sympathy.

In corporate news, Essar Energy rose 6.1 to 422.1p after confirming that a meeting to rubberstamp its acquisition of an oil refinery in Cheshire would take place later this month.

On the downside, banks wobbled as fears of a Greek default re-emerged. Ratings agency Standard & Poor’s warned that French proposals for the Greek debt rollover could push the country into default.

British banks would suffer little direct impact from a Greek default, but rather a second order effect as a result of their close ties with French and German banks, which have substantial investments in Greece.
Lloyds dropped 0.94 to 49.88p. Barclays lost 2.85 to 262.7p, and HSBC fell 2.1 to 627p.

Royal Bank of Scotland fell 0.58 to 39.11p, edging further away from the 50.2p level that would mean the Government would break-even on its near £15bn investment in the bank.

Cairn Energy was the top faller, losing 13.8 to 404.7p, after negative comments from JP Morgan.
The analysts cut their target price on the stock from 500p to 480p after Cairn dropped the price of the stake in Cairn India that it is selling to Vedanta.

Premier Foods was the biggest riser on the mid-cap index, although it gained only 1.63 to close the day at 18.71p.
Martin Deboo at Investec said: “Given the drubbing it had on Thursday and Friday last week, a dead-cat bounce is to be expected.” He put out a note on Premier with a hold rating and 20p target price.

Reports also emerged yesterday that the chief executive of Birds Eye Iglo, Martin Glenn, had turned down an offer to head up Premier Foods.

Another riser was engineering group Charter International, which added to Friday’s gains, ticking up 12 to 828½p.
The company has turned down a 780p-a-share offer from Melrose. UBS raised its target price on the stock from 550p to 850p.

M&A speculation also helped lift the London Stock Exchange 26p to £10.59. Weekend reports said senior executives at US exchange Nasdaq were meeting in New York to plot a £3.4bn merger with the LSE.

In smaller tech stocks, enterprise software company Kofax ticked up 19 to 464p after Espirito Santo Investment Bank reiterated its buy rating on the stock and boosted its target price to 612p from 551p, ahead of the company’s pre-close update.

Imperial Tobacco Appeal Fails To Cancel UK Cigarette Vending Ban

Monday, June 27th, 2011

cheap atis cigarettes onlineImperial Tobacco Group PLC (Bristol, England) reports that it has lost its appeal of the United Kingdom’s new prohibition of Atis cigarette vending. The vending ban becomes effective in October.

Great Britain’s Court of Appeal upheld a December decision by the High Court that rejected the legal challenge by Imperial subsidiary Sinclair Collis (Wolverhampton, England) to provisions of the 2009 UK Health Act that forbids the sale of tobacco through vending machines.

Britain’s National Association of Cigarette Machine Operators, which represents companies that manufacture and place tobacco venders in the UK, has said that its 55 member companies provide 580 jobs generating £275 million annually.

After the Parliament approved the vending ban, NACMO northern chairman Rod Bullough explained that the group “would support any genuine attempt to reduce smoking among young people, but we feel our industry is being made a scapegoat. The ban will wipe out a legitimate business sector and result in considerable job losses, as well as being another kick in the teeth for the pubs and clubs.”

Smoking has been banned in public places, including restaurants and taverns, since July 2007.

Other provisions of the Health Act include a ban on tobacco product advertising, except under certain limited circumstances, in large retail outlets starting in April, 2012, and extending to all shops in April 2015.

The UK government also is considering a requirement that tobacco products be sold only in unbranded packaging.