EU regulation of e-cigarettes a step closer
This new uncertainty, and the faster long-term decline of tobacco which we predict, should cause investors to reassess their holdings in the sector. Our modelling suggests that tobacco companies will need to win a greater share of e-cigarettes than they have in tobacco to preserve short-term margins: e-cigarette margins will be lower in the early years. The volume decline in the UK tobacco market, for example, could accelerate to as much as 10% compound annual growth rate. It appears to us that BAT is currently more advanced in its e-cigarette thinking than Imperial Tobacco. We are downgrading BAT from hold to sell (price target from 3225p to 3000p), and Imperial Tobacco from buy to hold (price target from 2900p to 2450p). But with the stock market heading higher once more there has been no immediate impact.
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Electronic Cigarette Company Reaches Milestone
1,000, making the company a force among electronic cigarette distributors in the North and south Jersey area. While this may be a “drop in the bucket” for its competitors, it warrants a celebration for the fast growing company, which has only been around for a little over a year. EC Smokes also reports that the company is quickly closing in on its target number of online customers. And while the company has less stores then its competitors, its stores report that EC smokes has been outselling the leading brands by more than two-to-one.
For the original version including any supplementary images or video, visit http://www.sbwire.com/press-releases/electronic-cigarette-company-reaches-milestone-281429.htm
Image: Tim Ireland/PA Wire/Press Association Images REGULATION OF ELECTRONIC cigarettes and a ban on slim cigarettes could be on the way following a vote by MEPs today. Nessa Childers MEP said there had been a strong vote today in her Public Health Committee on the EU tobaccocontroldirective, despite the massive industry lobbying against the law. As co-chair of the MEPs against Cancer forum in the European Parliament, I have campaigned and pressed for this anti-tobacco legislation for a long time, she said. I am delighted that today we voted against the massive negative industry lobbying campaign whichtried to try to delay, block and defeat this legislation.
For the original version including any supplementary images or video, visit http://www.thejournal.ie/regulation-electronic-cigarettes-987286-Jul2013/