Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, said full-year profit was little changed as the maker of Davidoff cigarettes increased prices to combat falling shipments in Europe.
Japan Tobacco Inc. climbed the most in a month in Tokyo trading after the maker of Camel and Mild Seven cigarettes agreed to pay 475 million euros ($596 million) for Gryson NV to boost growth in Europe’s roll-your-own market.
Imperial Tobacco Group Plc, Europe’s second-biggest tobacco company, plans to introduce an alternative nicotine product next year in an effort to catch up with competitors such as British American Tobacco Plc.
British American Tobacco Plc and Imperial Tobacco Group Plc fell the most in about a month in London trading after a report that health regulators in Russia, the second-largest tobacco market, proposed raising cigarette taxes almost eightfold.
British American Tobacco Plc , the maker of Lucky Strikes, created a unit that will seek to develop nicotine products for people wanting an alternative to cigarettes as governments aim to reduce smoking.