British American Tobacco

British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.

Netflix has come under criticism for its popular show Formula 1: Drive to Survive, due to concerns and criticism from tombacco industry watchdogs regarding prominent advertising of tobacco brands on F1 cars. The show is being accused of indirectly glorifying tobacco brands, although F1 insists that all advertising is in line with applicable laws.

Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.

The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares.

The rules have already hit the $10 billion cigarette industry. The cigarette maker ITC Ltd, which is part-owned by British American Tobacco, shut its factories last week, saying it needed more clarity on the new rules.

India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.

An Australian law requiring cigarettes to be sold in plain packaging has received a boost after an international tribunal said it would not hear a tobacco company's legal challenge.

The company, nearly 25 per cent-owned by British American Tobacco, said in a statement net profit rose to Rs 2,278 crore ($389.37 million) for the quarter ended March 31 from Rs1,930 crore a year earlier. That was slightly ahead of the Rs 2,216 crore analysts had forecast, according to Thomson Reuters Starmine Estimates.

ITC, India's largest cigarette maker, posted a 21 per cent jump in quarterly net profit on Friday, beating market expectations. ITC said its net profit rose to Rs 2,052 crore for the quarter ended December 31, up from Rs 1,701 crore a year earlier.

Australia called on the world to match its tough new anti-tobacco marketing laws after its highest court on Wednesday dismissed a challenge from global cigarette companies, although few of Asia's emerging economies appeared likely to follow suit.

British American Tobacco has agreed to pay more than $600 million to settle charges it sold cigarette materials to North Korea for years in violation of US sanctions, the US Justice Department announced Tuesday.

Netflix has come under criticism for its popular show Formula 1: Drive to Survive, due to concerns and criticism from tombacco industry watchdogs regarding prominent advertising of tobacco brands on F1 cars. The show is being accused of indirectly glorifying tobacco brands, although F1 insists that all advertising is in line with applicable laws.

Analysts have said the takeover could spark further deals as Philip Morris International and Japan Tobacco jostle for market share in an industry that is shrinking in the West as more people quit smoking.

The British group, which has a 42 percent stake in Reynolds, said its offer valued the company's shares at $56.50, of which $24.13 would be in cash and $32.37 would be in BAT shares.

The rules have already hit the $10 billion cigarette industry. The cigarette maker ITC Ltd, which is part-owned by British American Tobacco, shut its factories last week, saying it needed more clarity on the new rules.

India's top cigarette maker ITC Ltd, part-owned by British American Tobacco, said it was not ready to print bigger health warnings on its packs as mandated by the government and will keep its factories shut until clarity emerges on the new rules.

An Australian law requiring cigarettes to be sold in plain packaging has received a boost after an international tribunal said it would not hear a tobacco company's legal challenge.

The company, nearly 25 per cent-owned by British American Tobacco, said in a statement net profit rose to Rs 2,278 crore ($389.37 million) for the quarter ended March 31 from Rs1,930 crore a year earlier. That was slightly ahead of the Rs 2,216 crore analysts had forecast, according to Thomson Reuters Starmine Estimates.

ITC, India's largest cigarette maker, posted a 21 per cent jump in quarterly net profit on Friday, beating market expectations. ITC said its net profit rose to Rs 2,052 crore for the quarter ended December 31, up from Rs 1,701 crore a year earlier.

Australia called on the world to match its tough new anti-tobacco marketing laws after its highest court on Wednesday dismissed a challenge from global cigarette companies, although few of Asia's emerging economies appeared likely to follow suit.