Philip Morris International Inc (PM.N) Key Developments |
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Philip Morris International Inc (PM.N)

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Latest Key Developments (Source: Significant Developments)

Philip Morris International declares regular quarterly dividend of $1.02 per share
Thursday, 9 Jun 2016 04:20am EDT 

Philip Morris International Inc :Declares regular quarterly dividend of $1.02 per share.  Full Article

Philip Morris International comments on English Court's plain packaging decision
Thursday, 19 May 2016 08:23am EDT 

Philip Morris International Inc : Philip Morris International comments on English Court's plain packaging decision . "Disappointed but understand that English Court ultimately deferred to parliament's judgment about cigarette packaging" . "Despite important principles in one case, we've decided not to appeal" .To develop, commercialize scientifically substantiated reduced-risk products that we believe "will benefit" UK smokers, public health.  Full Article

Czech Philip Morris says Q1 revenue rises 9.3 percent
Tuesday, 17 May 2016 01:45am EDT 

Czech tobacco company Philip Morris CR : Says Q1 consolidated revenue, net of excise tax and VAT, CZK 2.53 billion ($105.96 million), up 9.3 percent y/y . Says rise mainly driven by favorable volume in the Czech Republic and Slovakia, as well as higher manufacturing services . Says shipments up 7.4 percent y/y . Says according to Nielsen research Philip Morris CR share in Czech market declined to 45.5 percent from 46.8 percent . Says total market in Czech Republic increased by an estimated 7.2 percent in first quarter . Company is an affiliate of Philip Morris International Further company coverage: [TABK.PR] ($1 = 23.8780 Czech crowns) ((;)).  Full Article

Philip Morris International issues EUR500 mln of 2.000% notes due 2036 - SEC filing
Monday, 9 May 2016 12:50pm EDT 

Philip Morris International Inc: Issued EUR 500 million aggregate principal amount of its 2.000% notes due 2036 - SEC filing .Notes will mature on May 9, 2036.  Full Article

Philip Morris International Inc - Adviser to top EU court says EU cigarette law is valid - Reuters
Tuesday, 22 Dec 2015 10:03pm EST 

Philip Morris International Inc:An adviser to Europe's highest court in Luxembourg on Wednesday said an EU law on cigarettes was valid, rebuffing a challenge from Philip Morris International PM.N, although the court still has to deliver a final ruling. - RTRS.In a majority of cases, opinions of the court advisers are reflected in the final ruling, which should follow in the coming months. - RTRS."(The advocate general) considers the EU tobacco directive of 2014 to be valid, in particular the extensive standardisation of packaging, the future EU-wide prohibition on menthol cigarettes and special rules for e-cigarettes are lawful," the opinion said. - RTRS.Marlboro cigarette maker Philip Morris International is seeking to challenge Europe's new laws on tobacco products, the latest clash between Big Tobacco and governments seeking tighter regulation.- RTRS.  Full Article

Philip Morris International Inc declares regular quarterly dividend
Wednesday, 9 Dec 2015 09:11am EST 

Philip Morris International Inc:Declares regular quarterly dividend of $1.02 per share.  Full Article

Philip Morris International Inc - AB InBev, HSBC, Google, 8 others to testify at EU tax hearing - Reuters
Tuesday, 10 Nov 2015 05:03am EST 

Philip Morris International Inc:Anheuser-Busch InBev, HSBC, Google and eight other companies will be quizzed by EU lawmakers next week on their European tax deals as part of a campaign to ensure multinationals pay their fair share of taxes - RTRS.While the European Parliament's tax committee can only issue a non-binding recommendation at the end of November, the publicity generated by its actions will likely ramp up the pressure on companies seeking to minimise tax, and governments - RTRS.Amazon, already in the Commission's crosshairs over its Luxembourg tax deal, Barclays, Coca-Cola Co, Facebook, Ikea, McDonald's, Philip Morris International and the Walt Disney Co will also attend the hearing, according to the committee's website - RTRS.The committee was set up in February after a group of investigative journalists unveiled details of tax deals that helped hundreds of multinationals slash their tax bills to minimal amounts - RTRS.  Full Article

Philip Morris International Inc - Canada court orders tobacco companies to set aside almost C$1 bln - Reuters
Tuesday, 27 Oct 2015 08:44pm EDT 

Philip Morris International Inc:A Canadian appeal court on Tuesday ordered two major tobacco companies to set aside a combined C$984 million ($742 million) while they challenge billions of dollars in damages awarded to smokers in the province of Quebec - RTRS.The more than C$15 billion in damages awarded in June - RTRS.if upheld in an appeal of two class-action lawsuits, would compensate some 100,000 Quebec smokers and ex-smokers who allege the companies knew since the 1950s that their product was causing cancer and other illnesses and failed to warn consumers adequately - RTRS.Imperial Tobacco Canada Ltd - a subsidiary of British American Tobacco Plc BATS.L - must put aside C$758 million, and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International PM.N - must deposit C$226 million, the Quebec Court of Appeal said - RTRS.The court in July said that the two companies plus a third, Japan Tobacco Inc's JTI-Macdonald Corp, would not have to make preliminary deposits - RTRS.Launched in 1998, the class action was considered to be the largest civil case in Canadian history, marking the first time tobacco companies have gone to trial in a civil suit in the country - RTRS.The companies were ordered to set aside the deposits in six and seven quarterly payments stretching to mid-2017, while a hearing on the appeal is scheduled for the autumn of 2016 - RTRS.  Full Article

Philip Morris International Inc narrows FY 2015 EPS guidance
Thursday, 15 Oct 2015 06:59am EDT 

Philip Morris International Inc:Revises and narrows, for currency and an improved business outlook, its FY 2015 reported diluted earnings per share (EPS) forecast to be in a range of $4.35 to $4.40, at prevailing exchange rates.Say on adjusted basis, diluted EPS are projected to increase in the range of 11 pct. to 12 pct. versus adjusted diluted EPS of $5.02 in FY 2014, excluding an unfavorable currency impact, at prevailing exchange rates, of about $1.22 per share for FY 2015.  Full Article

Philip Morris International Inc increases dividend by 2 pct. to annualized rate of $4.08 per share
Wednesday, 16 Sep 2015 02:00am EDT 

Philip Morris International Inc:Increased its regular quarterly dividend by 2 pct. to annualized rate of $4.08 per share.Says new quarterly dividend of $1.02 per share, up from $1.00 per share, is payable on Oct. 14, to stockholders of record as of Sept. 30.Says ex-dividend date is Sept. 28.  Full Article

Slowdown in filters unit forces Essentra to cut forecast

Essentra Plc, a supplier of speciality plastic and packaging components, warned of lower full-year profit, citing challenging market conditions in filter products and delays in some large projects, sending its shares down as much as 28 percent.