Reynolds American (RAI) Declares $0.46 Quarterly Dividend; Director Wajnert to Retire

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Go back to Reynolds American (RAI) Declares $0.46 Quarterly Dividend; Director Wajnert to Retire

Philip Morris looks beyond cigarettes with alternative products

November 30, 2016 2:48 AM EST

By Martinne Geller

LONDON (Reuters) - Philip Morris International (NYSE: PM), the world's largest international tobacco company, said it could eventually stub out cigarette sales as it launched an alternative product in Britain on Wednesday.

Underlining the regulatory pressures facing the tobacco industry, a British court also on Wednesday rejected an appeal against new rules prohibiting the use of marketing such as logos or colors on cigarette packs.

The British government's victory could spur other countries to follow suit, highlighting the need for tobacco companies to develop alternatives to... More