British American Tobacco
- All
- News
-
British American Tobacco To Pay $635 Million For Violating North Korea Sanctions
British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
-
Formula 1: Drive to Survive on Netflix Criticised Over Tobacco Advertising
Netflix has come under criticism for its popular show Formula 1: Drive to Survive, due to concerns and criticism from tombacco industry watchdogs regarding prominent advertising of tobacco brands on F1 cars. The show is being accused of indirectly glorifying tobacco brands, although F1 insists that all advertising is in line with applicable laws.
-
British American Tobacco To Buy Camel Cigarette Maker Reynolds For $49 Billion
Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.
-
BAT Offers To Buy US Tobacco Firm Reynolds In $47 Billion Deal
The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares.
-
India's Traditional Cigarette Makers Halt Production Over Health Warnings
The rules have already hit the $10 billion cigarette industry. The cigarette maker ITC Ltd, which is part-owned by British American Tobacco, shut its factories last week, saying it needed more clarity on the new rules.
-
ITC Says to Keep Cigarette Factories Shut Over Health Warning Rules
India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
-
Australia Welcomes Plain Cigarette Packaging 'Win'
An Australian law requiring cigarettes to be sold in plain packaging has received a boost after an international tribunal said it would not hear a tobacco company's legal challenge.
-
ITC's Net Profit Rises 18% in Q4
The company, nearly 25 per cent-owned by British American Tobacco, said in a statement net profit rose to Rs 2,278 crore ($389.37 million) for the quarter ended March 31 from Rs1,930 crore a year earlier. That was slightly ahead of the Rs 2,216 crore analysts had forecast, according to Thomson Reuters Starmine Estimates.
-
ITC Q3 net jumps 21% to Rs 2,052 crore
ITC, India's largest cigarette maker, posted a 21 per cent jump in quarterly net profit on Friday, beating market expectations. ITC said its net profit rose to Rs 2,052 crore for the quarter ended December 31, up from Rs 1,701 crore a year earlier.
-
Australian court deals blow to global tobacco giants
Australia called on the world to match its tough new anti-tobacco marketing laws after its highest court on Wednesday dismissed a challenge from global cigarette companies, although few of Asia's emerging economies appeared likely to follow suit.
-
British American Tobacco To Pay $635 Million For Violating North Korea Sanctions
British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.
-
Formula 1: Drive to Survive on Netflix Criticised Over Tobacco Advertising
Netflix has come under criticism for its popular show Formula 1: Drive to Survive, due to concerns and criticism from tombacco industry watchdogs regarding prominent advertising of tobacco brands on F1 cars. The show is being accused of indirectly glorifying tobacco brands, although F1 insists that all advertising is in line with applicable laws.
-
British American Tobacco To Buy Camel Cigarette Maker Reynolds For $49 Billion
Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.
-
BAT Offers To Buy US Tobacco Firm Reynolds In $47 Billion Deal
The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares.
-
India's Traditional Cigarette Makers Halt Production Over Health Warnings
The rules have already hit the $10 billion cigarette industry. The cigarette maker ITC Ltd, which is part-owned by British American Tobacco, shut its factories last week, saying it needed more clarity on the new rules.
-
ITC Says to Keep Cigarette Factories Shut Over Health Warning Rules
India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.
-
Australia Welcomes Plain Cigarette Packaging 'Win'
An Australian law requiring cigarettes to be sold in plain packaging has received a boost after an international tribunal said it would not hear a tobacco company's legal challenge.
-
ITC's Net Profit Rises 18% in Q4
The company, nearly 25 per cent-owned by British American Tobacco, said in a statement net profit rose to Rs 2,278 crore ($389.37 million) for the quarter ended March 31 from Rs1,930 crore a year earlier. That was slightly ahead of the Rs 2,216 crore analysts had forecast, according to Thomson Reuters Starmine Estimates.
-
ITC Q3 net jumps 21% to Rs 2,052 crore
ITC, India's largest cigarette maker, posted a 21 per cent jump in quarterly net profit on Friday, beating market expectations. ITC said its net profit rose to Rs 2,052 crore for the quarter ended December 31, up from Rs 1,701 crore a year earlier.
-
Australian court deals blow to global tobacco giants
Australia called on the world to match its tough new anti-tobacco marketing laws after its highest court on Wednesday dismissed a challenge from global cigarette companies, although few of Asia's emerging economies appeared likely to follow suit.
