British American Tobacco Plc, Europe’s largest cigarette maker, plans to introduce a second e- cigarette in 2015 after identifying failure to progress in non- tobacco products as one of the main risks for the business.
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.
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.