Archive - October 2022

JAPAN
JT Group publishes Q3 results

Japan Tobacco Inc. (JT) has released its third quarter results for 2022, with a 19.3 per cent increase in revenue to JPY 741.7 billion (USD 5.03 billion)...

SWEDEN
Elliott raises stake in Swedish Match

Investor Elliott Management Corp (Elliott) has increased its stake in Swedish Match (SWMA.ST) to over 10 per cent as the deadline for Philip Morris...

UNITED STATES
Altria reports Q3 results

Altria Group, Inc. (Altria) has announced its third quarter business results for 2022, narrowing its 2022 full-year adjusted diluted earnings per share (EPS)...

UNITED STATES
JT partners with Altria

Japan Tobacco (JT) has announced that the JT Group, through its subsidiary JTI, has entered into a joint venture (JV) with Altria Group (Altria), through its...

SWITZERLAND
Switzerland plans e-cig tax

The Swiss government has proposed amending the Tobacco Act to introduce a new tax for electronic cigarettes, reports swissinfo.

Parliament has been asked to...

SWITZERLAND
PMI releases results for Q3

Philip Morris International Inc. (PMI) has released its third quarter results for 2022 with adjusted net revenues up 6.9 per cent on a pro forma basis...

UNITED KINGDOM
Plans to make London smokefree by 2030

The NHS has teamed up with MPs and academics to form a tobacco alliance with the goal of making London smokefree by 2030, reports the Evening Standard.

The...

GERMANY
Update: 30 grams of cannabis allowed

Germany's health minister has unveiled plans to decriminalise the possession of up to 30 grams of cannabis and allow the sale to adults for recreational...

EUROPE
EU approves PMI’s Swedish Match bid

The European Commission has given a conditional approval for Philip Morris International’s (PMI) USD 16 billion Swedish Match deal, reports Reuters.

PMI...

CHINA
Consumption tax on e-cigarettes

The Ministry of Finance is imposing a consumption tax on all e-cigarettes beginning 1 November, reports Reuters.

The new consumption tax will see China’s...

UNITED STATES
Possible bailout for Juul

Juul Labs Inc is discussing a possible bailout with two of its biggest investors in order to avoid a bankruptcy filing, reports Reuters, quoting a Wall Street...

SOUTH KOREA
Philip Morris Korea launches IQOS Iluma

Philip Morris Korea has launched IQOS Iluma, its new flagship heated tobacco product that requires no cleaning process, The Korea Herald reported.
“Our new...

SWEDEN
PMI increases offer for Swedish Match

Philip Morris International (PMI) has increased its offer for Swedish Match, pushing up the price the company is willing to pay by nearly 10 per cent to expand...

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