Imperial Tobacco

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UK: Imperial Tobacco records drop in annual revenue

November 6, 2014

Tobacco firm Imperial Tobacco has announced its preliminary results for the fiscal year ended 30 September 2014, posting a decline in total adjusted revenue of 6% to $6,576 million ($10,514 million). The company, however, pointed to “underlying volumes of Growth Brands up 7%, driven by organic growth and brand migrations” and “strong performance in Growth Markets with underlying net revenue up 7%”. Commenting on the results, Alison Cooper, Chief Executive, …

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USA: Tobacco industry set for shake-up with Lorillard acquistion

July 16, 2014

North America, Tobacco

In a move that is set to shake-up the US tobacco market, Reynolds American Inc, the second-largest player in the country, has acquired the third largest, Lorillard Inc for $25 billion, or $27 billion including debt. Reynolds, which owns brands such as Camel and Pall Mall, will now get a stronger foothold in menthol cigarettes through Lorillard’s Newport brand, described by Reuters as a growing brand in a cigarette market …

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