Fri, 06th Nov 2015 12:44
WASHINGTON, June 8 (Reuters) - Reynolds American Inc on Monday cleared the final hurdle for its roughly $27.4 billion purchase of smaller rival Lorillard Inc as a federal judge approved its request to sell several cigarette brands. The companies expect to close on June 12, they said in a p
Read moreTobacco companies' underlying business model remains strong and the suspension of share buybacks will help alleviate the pressure on leverage resulting from ongoing foreign exchange volatility, according to Moody's. In a report to clients on Monday, the ratings agency, which has a stable outlook on
Read more(Adds background, detail) By Tom Miles GENEVA, June 3 (Reuters) - Ukraine has suspended a case it was pursuing through the World Trade Organization aimed at overturning Australia's strict tobacco packaging laws, a WTO panel of adjudicators said in a statement published on Wednesday.Read more
GENEVA, June 3 (Reuters) - Ukraine has suspended World Trade Organization litigation that aimed to overturn Australia's strict tobacco packaging laws, according to a communication from the panel of WTO adjudicators published by the WTO on Wednesday. Ukraine asked the panel to suspend procee
Read moreUK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,
Read moreLondon stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb
Read moreLondon stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read more** British American Tobacco (BAT) down 2.3 pct, bottom of FTSE 100 & at 3.5-wk lows ** Co's Canadian subsidiary & 2 other tobacco cos sentenced to pay >C$15 bln in damages to Quebec smokers in two related class action cases ** Peer Imperial Tobacco (IMT) 6th-biggest UK blue-chip falle
Read moreBritish American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
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