38.15 0.00 (0.00%)
After hours: 4:16PM EST
|Bid||37.88 x 800|
|Ask||38.16 x 900|
|Day's Range||38.08 - 38.44|
|52 Week Range||30.67 - 42.59|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||1.72|
|Forward Dividend & Yield||2.70 (7.04%)|
|1y Target Est||45.04|
Pro-vaping groups rallied in Washington about access to the product and pressuring the government to discuss new, next steps. American Vaping Association President Greg Conley joins Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Sozzi and Emily McCormick to discuss the movement on On The Move.
Democratic Congressman Raja Krishnamoorthi (D-IL) is introducing a bill that would cap the amount of nicotine in e-cigarettes. This comes as NYU researchers published a study that links e-cigarettes to increased rates of cancer in mice. Yahoo Finance's Jessica Smith, Zack Guzman & Heidi Chung, along with Vivino Founder Heini Zachariassen discuss.
Legislators in Washington are proposing new legislation that would cap the nicotine levels in e-cigarettes. The bill comes after a wave of vaping-related illnesses and deaths, which has prompted stores to remove vapes and e-cigarettes from their shelves.
New research from New York University finds mice exposed to e-cigarette vapor causes lung cancer in these mice. The study is significant in that it's the first to definitively link vaping nicotine to cancer. It was funded by the National Institutes of Health. Yahoo Finance's Jen Rodgers and Andy Serwer discuss.
U.S. President Donald Trump on Friday expressed concerns that enacting his administration's proposed ban on many flavored e-cigarette and vaping products would lead to people obtaining them illegally. Trump also raised worries during a raucous meeting with public health and industry representatives that illegal e-cigarette and vaping products could be substandard. Seated next to U.S. Senator Mitt Romney of Utah, who wants children protected from flavored vaping products, Trump listened to the back-and-forth for nearly an hour, peppering each side with questions to try to determine the best way forward.
Zacks.com featured highlights include: Bristol-Myers Squibb, Urban Outfitters, Hewlett Packard, Cardinal Health and British American Tobacco
LONDON, Nov. 20, 2019 /PRNewswire/ -- British American Tobacco (BAT) has been named as a Diversity Leader by the Financial Times in its inaugural Leaders in Diversity report, published today (20th November). The report, which lists the top 700 companies across 10 European countries, recognises companies that have achieved a diverse and inclusive workforce across a number of criteria.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
U.S. President Donald Trump said on Monday he will be meeting with vaping industry representatives as his administration considers tightening e-cigarette regulations amid a nationwide outbreak of vaping-related injuries and deaths. "Will be meeting with representatives of the Vaping industry, together with medical professionals and individual state representatives, to come up with an acceptable solution to the Vaping and E-cigarette dilemma. Trump did not give a time for the meeting or offer any other details.
Contrary to conventional wisdom, you don't need a hefty trust fund or deep pockets like mutual funds and other institutional players to start investing.
Charges of almost $355 million related to the closure of Berlin plant compel Philip Morris (PM) to trim 2019 earnings view. It now expects earnings of $4.53.
Gains from pricing and savings efforts are likely to be reflected on Altria's (MO) Q3 results. However, receding cigarette sales volumes are a concern.
As federal and state-level investigations into vaping companies like Juul pile up, experts who testified in Big Tobacco cases say a similar storm is brewing.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of British American Tobacco p.l.c. London, 21 October 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of British American Tobacco p.l.c. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
For those looking for a milder taste and lighter effect of a cigarette, we prepared a list of lowest tar and nicotine cigarette brands in 2019. Let’s start off with some crude facts. A cigarette consists of around 600 ingredients, which contain more than 7000 chemicals, of which 4,000 to 5,000 are harmful. Tar and nicotine are only two […]
British American Tobacco Plc unit Reynolds American Inc said on Friday it had filed for a review of its Vuse e-cigarettes by the U.S. Food and Drug administration, giving it a lead over its main rival Juul Labs Inc. The FDA has set a May 2020 deadline for e-cigarette makers to submit a formal application to keep their products on the market amid its efforts to curb the use of e-cigarette among teens.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
(Bloomberg Opinion) -- Imperial Brands Plc’s Alison Cooper is stepping down in a cloud of raspberry scented smoke.The timing isn’t surprising. It comes exactly a week after the British-based maker of Davidoff cigarettes and the Blu electronic device, lowered expectations for sales and profits after taking a hit in the U.S. vaping market. The warning brought to a head discussions about the company’s future leadership as the board conducts its search for a successor to Chairman Mark Williamson.Change is clearly needed. The shares of the smallest of the world’s major tobacco companies are roughly back where they were at the start of Cooper’s 9-year watch, having lost more than half of their value since a 2016 peak.Her successor faces a tall order. The new CEO will have to figure out how to make Imperial a strong force in tobacco alternatives. It currently ranks fourth in electronic smoking devices by units sold on a four-week basis. But in the heat-not-burn segment, its Pulze product is a relative newcomer in the Japanese market, where the products have taken hold more quickly than elsewhere. It’s important to have a clear strategy in each segment since no one really knows exactly where the market’s headed.Finding the right path forward won’t be easy, given the crisis engulfing vaping in the U.S., which has prompted efforts by President Donald Trump to ban flavored products and nicotine pads while some retailers including Walmart Inc. have stopped selling e-cigarettes.They must find a way through this. One option would be developing a boarder suite of tobacco alternatives alongside Imperial’s Blu vaping device. Stepping up development in heat-not-burn segment would also be wise.Rival British American Tobacco Plc has hedged its bets, with a presence in both vaping and the heat-not-burn segment. This is a model that Imperial should follow. But this would likely mean more investment.Duncan Fox, an analyst at Bloomberg Intelligence, says Imperial can afford to spend more. First of all, it’s core business of traditional cigarettes — including local brands such as Winston in the U.S. — is cash generative. Plus, its 2 billion-pound ($2.5 billion) asset disposal program and decision to abandon its policy to increase its dividend by 10% annually should give it scope to act.The new chairman must also address corporate governance issues. Bloomberg News reported that investors and analysts had voiced concerns about Imperial’s earnings calculations and strategy.Imperial has long been seen as a takeover target, but it is now particularly vulnerable given the share price weakness and that industry consolidation is back on the agenda, even after Altria Group Inc. and Philip Morris International Inc. called off their merger talks.Japan Tobacco Inc. is often mooted as the likely predator, although it would have to find a way to deal with competition constraints.If the new chairman and chief executive don’t raise their game on alternatives, then someone else might light up even more radical change for them.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: Melissa Pozsgay at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
A U.S. House panel sent letters to four e-cigarette companies asking them to stop all print, broadcast and digital advertising of their products in the United States, the same day as market-leader Juul said it would pull its ads, the panel said on Thursday. "I am writing today to respectfully, but strongly, request your company to do the same," Representative Raja Krishnamoorthi, chairman of the House Oversight subcommittee on economic and consumer policy, wrote on Wednesday to Fontem Ventures, Japan Tobacco International Inc, Reynolds American Inc and NJOY LLC. The panel's request comes amid an outbreak of vaping related illnesses.