Smoking cigarettes has become increasingly unpopular since the public learned about the many health hazards of the habit decades ago. Yet, the tobacco industry has remained relevant, though it has boiled down to a small handful of large players. Two of those companies, Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI), have become […]
Tag: Tobacco
British American Tobacco Jumped Today — Is the Stock a Buy for 2024?
British American Tobacco (NYSE: BTI) stock climbed Thursday after the company published preliminary results for its recently completed fiscal year. The company’s share price closed out the daily session up 6.8%, according to data from S&P Global Market Intelligence. Sales in the annual period were down 1.3% to 27.3 billion British pounds but would have […]
British American Tobacco signals ITC stake disposal
LONDON (Reuters) -British American Tobacco is “actively working” to monetise some of its shareholding in India’s ITC, it said on Thursday, sending its shares up almost 5% as investors cheered a move towards resuming share buybacks. The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last […]
Is This 9% Dividend Yield Tobacco Stock Finally a Screaming Buy?
Predicting short-term stock price movements is difficult. Some may say it is impossible. Just look at what the stock market has done since 2020. First, it crashed, then it ripped to all-time highs, then it crashed again. Now, in early 2024, the S&P 500 is back to all-time highs due to the artificial intelligence boom. […]
Ohio legislators surrender to Big Tobacco
A victory for Big Tobacco As a parent, I am concerned about Big Tobacco’s apparent control over Ohio legislators elected to represent the best interests of our citizens. Tobacco takes an enormous toll on our state. I am appalled that our lawmakers chose Big Tobacco over our kids by voting to override Gov. Mike DeWine’s […]
Rishi Sunak faces backlash from Tory right over tobacco ban plan
Rishi Sunak has set out plans to get rid of disposable vapes to protect children’s health as he faces a backlash from the Tory right over his proposed tobacco sale ban. During a school visit on Monday, the British prime minister said he was taking “strong action” to “stamp out” youth vaping, following a public […]
Multnomah County’s flavored tobacco and vape ban imminent, but legal battle drags on
PORTLAND, Ore. (KOIN) — When it comes to banning flavored tobacco and vaping products in Multnomah County, the battle continues. The ban was passed by county commissioners back in late 2022 and it is expected to take effect on Jan. 1. However, an emergency motion for a stay was filed in the Oregon Court of […]
Pfizer or British American Tobacco?
piggybank Dividend stocks offer attractive features for income and growth investors alike. On the income side, many blue chip dividend stocks sport higher yields than those of risk-free assets such as the 10-year Treasury bill, and their payouts also appear safe and dependable, as corporate cash positions are at near-record levels in many instances. Investors […]
Tobacco Product Recalled in 18 States Over Fears of Metal Contamination
A brand of chewing tobacco sold in numerous states has been recalled over potential metal contamination concerns, according to the Food and Drug Administration (FDA) in a new alert. The recall was voluntarily initiated by American Snuff Company (ASC) after conducting checks on its product at a facility in Clarksville, Tennessee. Chewing tobacco sold as […]