|Bid||0.00 x 3100|
|Ask||0.00 x 800|
|Day's Range||53.27 - 53.80|
|52 Week Range||48.00 - 71.44|
|PE Ratio (TTM)||2.42|
|Forward Dividend & Yield||2.72 (5.05%)|
|1y Target Est||69.16|
Britain’s competition and consumer protection watchdog has opened an investigation into celebrity “influencers” who use social media to advertise brands and products without revealing if they have been paid to do so. The Competition and Markets Authority said on Thursday it had written to a number of celebrities to “gather information about their posts and the nature of the business agreements they have in place with brands”. “If people see clothes, cosmetics, a car, or holiday being plugged by someone they admire, they might be swayed into buying it,” said George Lusty, the CMA’s senior director for consumer protection.
Philip Morris International Inc. is suing its biggest rival British American Tobacco PLC over its tobacco heating device in Japan, the latest move by tobacco makers jostling for dominance over a promising new cigarette alternative. Philip Morris, which sells its own tobacco-heating device IQOS in Japan, Friday said it was alleging that some features of BAT’S Glo device infringe on technologies covered by two of its Japanese patents. A spokeswoman for BAT said the London-based owner of Kent, Dunhill and Lucky Strike brands will be challenging the validity of the patents upon which Philip Morris is basing its case.
These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Altria Group (MO) posted its second-quarter earnings results before the market opened on July 26. The company posted adjusted EPS of $1.01 on revenue of $4.88 billion net of excise tax.
By Kit Rees LONDON (Reuters) - A drop in heavyweight oil stocks weighed on the UK's top share index, which lagged a broader rally across European stocks on Thursday as U.S.-EU trade tensions thawed. The ...
British American Tobacco (BATS.L) plans to test its new Eclipse tobacco heating device in the United States this year, allowing it to pull ahead of Philip Morris (PM.N) in the world's biggest vaping market. Its shares rose 5 percent as BAT, the world's second-biggest international tobacco company by revenue, also reported better-than-expected first-half profit, helped by its recent takeover of Reynolds American. BAT said it received a "substantial equivalence" clearance from the U.S. Food and Drug Administration for an improved version of its carbon-tipped tobacco heating product called Eclipse, a major regulatory hurdle that clears the way for a market launch.
British American Tobacco Plc’s shares broke out of their recent malaise as investors welcomed solid profits and the prospect of the company’s heated-tobacco product being the first on the U.S. market. BAT’s first-half profit of 4.82 billion pounds ($6.4 billion) was slightly ahead of analysts’ estimates. The London-based company said it received approval from the U.S. Food and Drug Administration to begin selling its Neocore heated-tobacco device, which was formerly known as Eclipse.
Zacks Industry Outlook Highlights: Philip Morris International, Altria Group, British American Tobacco, Imperial Tobacco Group and Turning Point Brands
The UK's top share index fell on Monday as trade tensions weighed on cyclical stocks while results from Ryanair weighed on the broader sector. With attention also focussed on the unfolding earnings season, the blue-chip FTSE 100 index was down 0.3 percent at 7,655.79 points at the close, in line with a broadly negative European market.
Philip Morris International (PM) reported its second-quarter earnings before the market opened on July 19. The company posted adjusted EPS of $1.41 on revenues of $7.73 billion. Compared to the second quarter of 2017, the company’s revenues grew 11.7%, while its EPS increased 23.7%.
Smoking causes cancer, and frankly investors in tobacco stocks haven't been breathing easier as of late: Altria (MO), Philip Morris International (PM), and British American Tobacco (BTI) are off 19%, 22% and 25%, respectively, since the start of 2018. Tobacco stocks have underperformed the S&P 500 by 2,500 basis points year to date, writes Stifel's Christopher Growe, but he still think that the fundamental outlook for the group remains "robust," thanks to growing earnings and dividends, and the Food and Drug Administration's less-than-swift move toward regulatory change. Growe argues that the second quarter will show strong pricing for tobacco companies, with a stabilization of Marlboro volumes, and a "return to the historical rate of decline for the cigarette industry (down 3.5%) calming many investors’ fears." He writes that e-vapor product volumes accelerated in the quarter, and cigarette volumes improved sequentially.
Corporate cash piles at EMEA non-financial companies topped $1 trillion for the second consecutive year in 2017, despite their net M&A spending jumping to a seven-year high, says Moody's Investors Service in a report published today.
Richmond, Virginia headquartered Altria Group Inc.'s stock finished Tuesday's session 1.28% higher at $58.76. A total volume of 9.51 million shares was traded, which was above their three months average volume of 8.38 million shares.
South Africa has become one of the world’s biggest markets for illicit cigarette sales and is losing about 7 billion rand ($510 million) a year through related tax evasion, according to a report published by the country’s producer-funded Tobacco Institute. While Africa’s most industrialized economy has long struggled to prevent cigarettes being smuggled from neighboring Zimbabwe, domestic manufacturers are now increasing production, according to Tobacco Institute Chairman Francois Van der Merwe. “Taxes of at least 17.85 rand have to be paid on every pack of cigarettes in South Africa,” Van der Merwe said in an interview ahead of the report’s publication Thursday.
Juul e-cigarettes' sales are booming. Juul Labs is raising $1.2 billion, valuing the company at $15 billion, Bloomberg reported last week. It's no secret that Juul has dominated the e-cigarette market over the past year, but just how much it has dominated is eye-popping.
Investors pursuing a solid, dependable stock investment can often be led to British American Tobacco plc (LON:BATS), a large-cap worth UK£84.48b. Big corporations are much sought after by risk-averse investorsRead More...