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Top related persons:
Owen Bennett - 3 Bennett - 3 Philip Morris - 2 Jacek Olczak - 2 Jefferies - 2 Emma Rumney - 2 Erikas Simonavicius - 1 Simonavicius - 1
Top related locs:
Cape Germany Greece King's College London MANCHESTER England Virginia Liverpool
Top related orgs:
Tobacco - 2 BAT - 2 Philip Morris International - 2 Dunhill - 2 Thomson - 2 Big Tobacco - 1 British American Tobacco - 1 Union - 1

Search resuls for: "Owen Bennett"


5 mentions found


☆ Big Tobacco turns to rooibos tea to counter upcoming ban
  + stars: | 2023-10-16 | by ( Emma Rumney | ) www.reuters.com   time to read: +5 min
Tobacco companies have yet to publish any research showing the health implications of rooibos or other zero-tobacco sticks, Simonavicius added. PMI (PM.N) CEO Jacek Olczak told shareholders that its zero-tobacco sticks could avoid the regulatory scrutiny that tobacco products face. BAT's zero-tobacco sticks are not subject to current EU tobacco rules, the company told Reuters. That means it can sell rooibos sticks in flavours like peppermint and tropical fruit even after a ban on flavoured heated tobacco products is implemented across the bloc later this month. Across the European Union, heated tobacco products must be taxed at a minimum of 20% of the retail price, though national governments can go higher.
Persons: Erikas Simonavicius, Simonavicius, Philip Morris, Jacek Olczak, Jefferies, Owen Bennett, Bennett, Phil Gorham, Gorham, Fabienne, Morningstar's Gorham, Shabab, Emma Rumney, Matt Scuffham, Kirsten Donovan Organizations: Big Tobacco, British American Tobacco, Union, Tobacco, BAT, Reuters, King's College, King's College London . Tobacco, Philip Morris International, PMI, Rivals Imperial Brands, Japan Tobacco International, Morningstar, EU, Dunhill, Lucky, European Union, University College London . Tobacco, Thomson Locations: Cape, Germany, Greece, King's College London
☆ Britain proposes ban on cigarettes for younger generations
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +3 min
Smoking costs Britain's health services 17 billion pounds ($20.6 billion) a year, he said, adding the government also needed to act on youth vaping. Campaign group Action on Smoking and Health welcomed Sunak's plans, adding they could hasten the day when smoking was obsolete. Imperial Brands (IMB.L), which makes Winston cigarettes and Golden Virginia rolling tobacco, also warned the ban threatened "unintended consequences". REUTERS/Phil Noble/File Photo Acquire Licensing RightsGRADUAL IMPACTThe smoking policy would need to pass a free vote in Britain's parliament. Shares in Imperial Brands fell 3.2% to their lowest since March 2022, while shares in BAT, which has a lower exposure to the British cigarette market, were down 1.2% by 1357 GMT.
Persons: Rishi Sunak, Sunak's, Winston, Phil Noble, Owen Bennett, Bennett, Emma Rumney, Michael Holden, Sachin Ravikumar, Alex Richardson Organizations: Conservative Party, Health, Tobacco Manufacturers Association, Imperial Brands, Dunhill, British, Tobacco, REUTERS, Japan Tobacco, Benson, Hedges, Jefferies, BAT, Thomson Locations: MANCHESTER, England, Virginia, Liverpool, Britain's, Britain, Europe, New Zealand, Denmark
☆ Investors want to know when Philip Morris' smoke-free shift will pay off
  + stars: | 2023-09-26 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +6 min
Anticipation should be building as Philip Morris prepares to bring iQOS back to the U.S. market. Philip Morris had partnered with Altria when iQOS was first launched in a handful of U.S. markets in 2019. Eventually, Philip Morris agreed to buy back the commercialization rights from Altria, and that deal is effective April 30, 2024. And this strategy is partly why, Herzog said, Philip Morris is one of Goldman's top picks. Last week, Philip Morris CEO Jacek Olczak spoke on X via ReutersPlus about its harm reduction efforts.
Persons: Philip, Goldman Sachs, Bonnie Herzog, Philip Morris, iQOS, Herzog, mgmt, Gaurav Jain, Jain, FactSet, Jacek Olczak, Jefferies, Owen Bennett, Bennett Organizations: Philip Morris International, Drug Administration, Altria, Barclays, Swedish Match, Bank of America, Rogue, Street Journal, Concordia, United Nations General Assembly Locations: U.S, Altria, New York
☆ Jefferies upgrades Philip Morris, says shares can rise nearly 20% on smokeless alternatives
  + stars: | 2023-01-19 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
It's time to buy Philip Morris International as the Marlboro maker shifts to smokeless alternatives, according to Jefferies. Philip Morris said it expects its efforts to become the sole owner of Swedish Match will support its "ambition to deliver a smoke-free future." On the former, it is the global leader, with estimated RRP share of 23%, compared to 21% share in combustibles," Bennett wrote. Philip Morris shares are down nearly 2% in 2023, after closing last year up more than 12%. Meanwhile, the analyst's $118 price target, up from $86, suggests shares can jump another 18% from Wednesday's closing price.
☆ Biden's surprise move to reclassify cannabis could supercharge legal weed — but it also carries big risks for companies and investors
  + stars: | 2022-10-07 | by ( Jeremy Berke | ) www.businessinsider.com   time to read: +7 min
He announced pardons for federal cannabis possession and ordered a review of how cannabis is scheduled. While Biden's announcement stopped far short of decriminalization, he outlined three key steps:He's pardoning people federally convicted of simple cannabis possession. Biden's announcement signals that his administration — quiet on cannabis until now — will finally push for federal cannabis reform. Stifel analyst Andrew Partheniou called Biden's announcement "the most important development in US cannabis history," in a Friday morning note. If the government decides to regulate cannabis like a pharmaceutical, that could undermine the recreational cannabis industry as it currently stands.
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