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Tobacco

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  • Friday, 13 May, 2022
    The Top LineTom Braithwaite
    Philip Morris has resolved big tobacco’s burning issue

    Even if its $16bn investment in Swedish Match disappoints, annual cigarette sales of 600bn provide decent insurance

  • Wednesday, 11 May, 2022
    Philip Morris International Inc
    Philip Morris International strikes $16bn deal for Swedish Match

    Acquisition takes company further into market for tobacco-free alternatives to cigarettes

  • Tuesday, 10 May, 2022
    LexPhilip Morris International Inc
    Philip Morris/Swedish Match: nicotine alternatives in vogue for a smokeless future Premium content

    European group’s success with chewing tobacco and pouches make for a tidy addition

  • Tuesday, 10 May, 2022
    Further reading

    Featuring snus. Also: therapy, DeFi, sports betting, etc.

  • Monday, 9 May, 2022
    Philip Morris International nears $16bn deal for Swedish Match

    Marlboro seller close to acquisition of maker of snus tobacco pouches in further shift away from cigarettes

  • Friday, 18 March, 2022
    John Gapper
    Big Tobacco’s future in Russia goes up in smoke

    Moscow’s smokers have been early adopters of heat-treated tobacco devices from Philip Morris and others

  • Wednesday, 16 March, 2022
    Indian cigarette giant ITC bets on tobacco even as it touts ESG push

    Group’s chair forecasts growing market but public health experts challenge sustainability claims

  • Tuesday, 15 March, 2022
    Imperial Brands
    Gauloises maker Imperial Brands to make full exit from Russia

    Tobacco group to transfer assets and operations to ‘local third party’ following similar move by BAT

  • Wednesday, 16 February, 2022
    Lex
    Sin stocks: drink, smoke and make money

    Shares will continue to benefit from the rotation from high growth to value stocks

  • Saturday, 12 February, 2022
    News in-depth
    Big Tobacco struggles to convince investors it can quit cigarettes

    Companies turn to share buybacks as investors ditch stocks over ESG concerns

  • Friday, 11 February, 2022
    British American Tobacco PLC
    Vapes and heated tobacco bolster sales at British American Tobacco

    The maker of Lucky Strike cigarettes announces its first share buyback programme since 2014

  • Friday, 11 February, 2022
    News in-depthChinese business & finance
    China’s vaping queen is dethroned as Beijing targets tobacco

    Xi Jinping’s reform campaign will be tested by state interests in $235bn industry

  • Monday, 24 January, 2022
    LexChinese business & finance
    China vaping: Chu probe reflects broader e-cigarette crackdown Premium content

    Loose regulation has allowed companies to make big profits but Beijing has given investors a wake-up call

  • Sunday, 2 January, 2022
    News in-depthHealth
    Spending cuts and deprivation hit England’s plans to stub out smoking by 2030

    In rundown Great Yarmouth, where almost one in four adults smoke, the government’s target feels very ambitious

  • Tuesday, 30 November, 2021
    Upstart e-cigarette makers push for NHS licences ahead of Big Tobacco

    Smaller manufacturers push to get their products prescribed in the UK for a potentially lucrative new market

  • Tuesday, 9 November, 2021
    InterviewPhilip Morris International Inc
    Philip Morris rules out future merger with Altria

    Chief executive Jacek Olczak tells FT that chapter involving fellow tobacco group is ‘closed’

  • Saturday, 16 October, 2021
    US sketches out tough regime for e-cigarettes with first authorisation

    Regulator signals it will allow devices to help smokers quit but not flavours popular with teens

  • Thursday, 16 September, 2021
    Philip Morris International Inc
    Tobacco group Philip Morris wins control of inhaler company Vectura

    Cigarette maker secures majority of shares in UK-based medical device manufacturer

  • Sunday, 12 September, 2021
    Pilita Clark
    Why smoking may be a sackable offence

    Now that our kitchens and bedrooms are also our workspaces, employers have the chance to get tough

  • Thursday, 2 September, 2021
    Nomura Holdings Inc
    Nomura bans smoking even for those working from home

    Japan’s largest brokerage introduces ‘intrusive’ restrictions but Japan Tobacco says it will not affect close links

  • Thursday, 2 September, 2021
    LexNomura Holdings Inc
    Nomura: no smokes without firings is bad for cigarette industry Premium content

    Financial group’s ban on smoking during working hours should worry Japan Tobacco

  • Wednesday, 18 August, 2021
    Brooke Masters
    Moral outrage over Philip Morris’s bid for Vectura is misplaced

    We must allow companies to reinvent themselves and address the problems they helped create

  • Sunday, 8 August, 2021
    Private equity
    Philip Morris raises offer in bidding war for UK inhaler group Vectura

    Tobacco group lifts bid above £1bn in battle with Carlyle as private equity targets British businesses

  • Wednesday, 28 July, 2021
    British American Tobacco PLC
    BAT reports soaring demand for cigarette alternatives

    Vaping and e-cigarette products account for more than a tenth of sales, Dunhill maker says

  • Sunday, 25 July, 2021
    Philip Morris International Inc
    Philip Morris to stop selling Marlboro cigarettes in UK within 10 years

    Brand ‘will disappear’ from UK shelves under diversification strategy, says chief executive

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