A woman passes before a logo of Japanese cigarette maker Japan Tabacco (JT) at the company's headquarters in Tokyo on March 15, 2013. Japan Tobacco (JT) said that Tokyo's partial sale of its stake in the former monopoly would raise about 7.8 billion USD as the government looks to finance huge disaster reconstruction.
This welcome judgment highlights that yet more of Japan Tobacco's claims are misleading. The tobacco industry has focused its opposition to plain, standardised packs on a claim the illicit trade would increase. Independent experts have repeatedly said these claims do not make sense. Now an independent regulator has told JTI that its communications could not be substantiated.
It is world-standard office space in a new building in a good location near the center ... We have a long-term strategy here [in Russia] and we need good, permanent office space. This just seemed the right place to be.
The shares may be relatively cheap, but as Imperial runs out of alternatives, we see a take-out as the main avenue for outperformance ... Japan Tobacco is the pivotal player in such a scenario, but we remain unconvinced that a bid is imminent.More quotes »
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