BAT INTERNATIONAL FINANCE Plc

Total Page:16

File Type:pdf, Size:1020Kb

BAT INTERNATIONAL FINANCE Plc BASE PROSPECTUS B.A.T. INTERNATIONAL FINANCE p.l.c. (incorporated with limited liability in England and Wales) BRITISH AMERICAN TOBACCO HOLDINGS (THE NETHERLANDS) B.V. (incorporated with limited liability in The Netherlands) B.A.T. NETHERLANDS FINANCE B.V. (incorporated with limited liability in The Netherlands) B.A.T CAPITAL CORPORATION (incorporated with limited liability in the State of Delaware, United States of America) £25,000,000,000 Euro Medium Term Note Programme unconditionally and irrevocably guaranteed by BRITISH AMERICAN TOBACCO p.l.c. (incorporated with limited liability in England and Wales) and each of the Issuers (except where it is the relevant Issuer) On 6 July 1998, each of B.A.T. International Finance p.l.c. (“BATIF”), B.A.T Capital Corporation (“BATCAP”) and B.A.T Finance B.V. (“BATFIN”) entered into a Euro Medium Term Note Programme (the “Programme”) for the issue of Euro Medium Term Notes (the “Notes”). On 16 April 2003, British American Tobacco Holdings (The Netherlands) B.V. (“BATHTN”) acceded to the Programme as an issuer and, where relevant, a guarantor and BATFIN was removed as an issuer and a guarantor under the Programme. On 9 December 2011, BATCAP was removed as an issuer and a guarantor under the Programme. On 16 May 2014, B.A.T. Netherlands Finance B.V. (“BATNF”) acceded to the Programme as an issuer and, where relevant, a guarantor. On 31 May 2017, BATCAP acceded to the Programme as an issuer and, where relevant, a guarantor. BATIF, BATHTN, BATNF and BATCAP are each, in their capacities as issuers under the Programme, an “Issuer” and together referred to as the “Issuers”. This Base Prospectus supersedes any previous base prospectus, offering memorandum, programme memorandum, information memorandum or any amendments or supplements thereto. Any Notes issued under the Programme on or after the date of this Base Prospectus are issued subject to the provisions herein. This Base Prospectus does not affect any Notes already issued. Prospective investors should be aware that any investment in Notes involves risks. See “Risk Factors” beginning on page 15. Under the Programme, each of BATIF, BATHTN, BATNF and BATCAP may from time to time issue Notes in bearer form denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). If the applicable Final Terms state that Global Notes (each as defined herein) are to be issued in new global note (“NGN”) form, the Global Notes will be delivered on or prior to the original issue date of the relevant Tranche (as defined herein) to a common safekeeper (the “Common Safekeeper”) for Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking, SA (“Clearstream, Luxembourg”). Global notes which are not issued in NGN form (“Classic Global Notes” or “CGNs”) and Certificates (as defined herein) will be deposited on the issue date of the relevant Tranche with a common depositary on behalf of Euroclear and Clearstream, Luxembourg (the “Common Depositary”). The payments of all amounts payable in respect of the Notes will be unconditionally and irrevocably guaranteed by British American Tobacco p.l.c. (“BAT”) and each of BATIF, BATHTN, BATNF and BATCAP except where it is the relevant Issuer (the “Guarantors” and each a “Guarantor” and together with the Issuers, the “Obligors”). In certain circumstances, certain other companies may also become guarantors of Notes issued under the Programme. Application has been made to the Financial Conduct Authority under Part VI of the Financial Services and Markets Act 2000 (the “FSMA”) (the “UK Listing Authority”) for Notes issued under the Programme described in this Base Prospectus during the period of twelve months after the date hereof to be admitted to the official list of the UK Listing Authority (the “Official List”) and to the London Stock Exchange plc (the “London Stock Exchange”) for such Notes to be admitted to trading on the London Stock Exchange’s Regulated Market (the “Market”). References in this Base Prospectus to Notes being “listed” (and all related references) shall mean that such Notes have been admitted to trading on the Market and have been admitted to the Official List. The Market is a regulated market for the purposes of the Directive 2014/65/EU of the European Parliament and the Council on Markets in financial instruments (as amended, “MiFID II”). The Programme has been rated Baa2 by Moody’s Investors Service Ltd (“Moody’s”) and BBB+ by Standard & Poor’s Credit Market Services Europe Limited (“Standard & Poor’s”). Long term debt issued or guaranteed by BAT is rated Baa2 by Moody’s and BBB+ by Standard & Poor’s. Short term debt issued or guaranteed by BAT is rated P-2 by Moody’s and A-2 by Standard & Poor’s. Each of Moody’s and Standard & Poor’s is established in the European Union and registered under Regulation (EC) No 1060/2009 (as amended) (the “CRA Regulation”). Tranches of Notes to be issued under the Programme will either be rated or unrated. Where a Tranche of Notes is to be rated, such rating will not necessarily be the same as the rating assigned to the Programme. Where a Tranche of Notes is rated, the applicable rating(s) will be specified in the relevant Final Terms. Arranger Deutsche Bank Dealers Barclays BofA Merrill Lynch Citigroup Commerzbank Deutsche Bank HSBC J.P. Morgan Lloyds Bank NatWest Markets Santander Global Corporate Banking SMBC Nikko Société Générale Corporate & Investment Banking The date of this Base Prospectus is 25 May 2018 Each of BAT, BATIF, BATHTN, BATNF and BATCAP accepts responsibility for the information contained in this Base Prospectus and the Final Terms for each Tranche of Notes issued under the Programme and Reynolds American Inc. (“RAI” or the “Additional Guarantor”) accepts responsibility for the information relating to RAI and the RAI Guarantee (as defined below) contained in this Base Prospectus and the Final Terms for each Tranche of Notes issued under the Programme. To the best of the knowledge and belief of BAT, BATIF, BATHTN, BATNF, BATCAP and RAI, each of the foregoing declares (each having taken all reasonable care to ensure that such is the case) that the information (or in the case of RAI, as such information relates to it and/or the RAI Guarantee) contained in this Base Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. This Base Prospectus is to be read in conjunction with all documents which are incorporated herein by reference as described in “Documents Incorporated by Reference” below. This Base Prospectus shall be read and construed on the basis that such documents are so incorporated and form part of this Base Prospectus. The Obligors have confirmed to the dealers (the “Dealers”) named under “Subscription and Sale” below that this Base Prospectus is true and accurate in all material respects and not misleading in any material respect; that the opinions and intentions expressed therein are honestly held; that there are no other facts in relation to the information contained or incorporated by reference in this Base Prospectus the omission of which would, in the context of the issue of the Notes, make any statement therein or opinions or intentions expressed therein misleading in any material respect; and the Obligors have confirmed to the Dealers that all reasonable enquiries have been made to verify the foregoing provided, however, that the confirmation expressed in this sentence does not extend to the information set out under “Subscription and Sale” below. Notice of the aggregate nominal amount of the Notes, interest (if any) payable in respect of the Notes, the issue price of the Notes and any other terms and conditions not contained in this Base Prospectus which are applicable to each Tranche (as defined under “Terms and Conditions of the Notes”) of Notes will be set out in a final terms document (the “Final Terms”) which will be delivered to the UK Listing Authority and the London Stock Exchange and will be available on the website of the Regulatory News Service operated by the London Stock Exchange. This Base Prospectus, together with supplements to this Base Prospectus from time to time (each a “Supplement” and together, the “Supplements”), comprises a base prospectus for the purpose of Article 5(4) of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended, including by Directive 2010/73/EU and includes any relevant implementing measure in the relevant Member State of the European Economic Area (the “EEA”) (the “Prospectus Directive”) for the purpose of giving information with regards to the Issuers, the Guarantors and the Additional Guarantor which is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of the Issuers, the Guarantors and the Additional Guarantor and of the rights attaching to the Notes. In relation to each separate issue of Notes, the final offer price and the amount of such Notes will be determined by the relevant Issuer and Guarantors and the relevant Dealer(s) in accordance with prevailing market conditions at the time of the issue of the Notes and will be set out in the relevant Final Terms. PRIIPS Regulation/Prohibition of Sales to EEA Retail Investors: The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”); (ii) a customer within the meaning of Directive 2002/92/EC (as amended, “IMD”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Directive.
Recommended publications
  • Annual Report and Accounts 2019
    IMPERIAL BRANDS PLC BRANDS IMPERIAL ANNUAL REPORT AND ACCOUNTS 2019 ACCOUNTS AND REPORT ANNUAL ANNUAL REPORT AND ACCOUNTS 2019 OUR PURPOSE WE CAN I OWN Our purpose is to create something Everything See it, seize it, is possible, make it happen better for the world’s smokers with together we win our portfolio of high quality next generation and tobacco products. In doing so we are transforming WE SURPRISE I AM our business and strengthening New thinking, My contribution new actions, counts, think free, our sustainability and value creation. exceed what’s speak free, act possible with integrity OUR VALUES Our values express who we are and WE ENJOY I ENGAGE capture the behaviours we expect Thrive on Listen, challenge, share, make from everyone who works for us. make it fun connections The following table constitutes our Non-Financial Information Statement in compliance with Sections 414CA and 414CB of the Companies Act 2006. The information listed is incorporated by cross-reference. Additional Non-Financial Information is also available on our website www.imperialbrands.com. Policies and standards which Information necessary to understand our business Page Reporting requirement govern our approach1 and its impact, policy due diligence and outcomes reference Environmental matters • Occupational health, safety and Environmental targets 21 environmental policy and framework • Sustainable tobacco programme International management systems 21 Climate and energy 21 Reducing waste 19 Sustainable tobacco supply 20 Supporting wood sustainability
    [Show full text]
  • Lessons from Tobacco Industry Efforts During the 1980S to Open Closed Cigarette Markets in Thailand
    Practice BMJ Glob Health: first published as 10.1136/bmjgh-2020-004288 on 26 January 2021. Downloaded from How to combat efforts to overturn bans on electronic nicotine delivery systems: lessons from tobacco industry efforts during the 1980s to open closed cigarette markets in Thailand 1,2 1 Roengrudee Patanavanich , Stanton A Glantz To cite: Patanavanich R, ABSTRACT Summary box Glantz SA. How to combat Until 1990, it was illegal for transnational tobacco efforts to overturn bans on companies (TTCs) to sell cigarettes in Thailand. We ► Since 2017, Philip Morris International has worked electronic nicotine delivery reviewed and analysed internal tobacco industry systems: lessons from in parallel with a pro- e- cigarette group in efforts to documents relevant to the Thai market during the 1980s. tobacco industry efforts force the Thai market to open to electronic nicotine TTCs’ attempts to access the Thai cigarette market during during the 1980s to open delivery systems (ENDS). the 1980s concentrated on political lobbying, advertising closed cigarette markets in ► As of January 2021, ENDS were still illegal in and promotion of the foreign brands that were illegal to sell Thailand. BMJ Global Health Thailand. 2021;6:e004288. doi:10.1136/ in Thailand at the time. They sought to take advantage of ► Tobacco industry’s efforts to open ENDS markets are bmjgh-2020-004288 the Thai Tobacco Monopoly’s (TTM) inefficiency to propose like their past efforts to liberalise closed cigarette licencing agreements and joint ventures with TTM and markets during the 1980s. Handling editor Eduardo took advantages of unclear regulations about cigarette ► The transnational tobacco companies (TTCs) at- Gómez marketing to promote their products through advertising tempts to open Thailand’s closed cigarette market in and sponsorship activities.
    [Show full text]
  • British American Tobacco's Submission to the WHO's
    British American Tobacco’s submission to the WHO’s Framework Convention on Tobacco Control This is the submission of the British American Tobacco group of companies commenting on the WHO’s Framework Convention on Tobacco Control. We are the world’s most international tobacco group with an active presence in 180 countries. Our companies sell some of the world’s best known brands including Dunhill, Kent, State Express 555, Lucky Strike, Benson & Hedges, Rothmans and Pall Mall. Executive summary • The WHO’s proposed ‘Framework Convention on Tobacco Control’ is fundamentally flawed and will not achieve its objectives. • The tobacco industry, along with other industries involved in the manufacture and distribution of legal but risky products, is the subject of considerable public attention. It is important that the debate about tobacco remains open, objective, constructive and free from opportunistic criticism if we are effectively to address the real issues associated with tobacco. • British American Tobacco is responsible tobacco. We seek to operate in partnership with governments, who are significant stakeholders in our business, and other interested parties, based on our open acknowledgement that we make a risky product and therefore support sensible regulation. • British American Tobacco shares the World Health Organisation’s desire to reduce the health impact of tobacco use. This paper outlines British American Tobacco’s proposal for the sensible regulation of tobacco. • Our proposal will relieve the WHO of the cost and bureaucracy involved in its wish to become a single global tobacco regulator, leaving it free to do what it should be doing – policy orientation. Some facts about tobacco • Today over one billion adults, about one third of the world’s adult population, choose to smoke.
    [Show full text]
  • Companies Subject to Exclusion
    Opdateret 01-08-2021 Vellivs Ekslusionsliste Velliv ønsker ikke at investere i selskaber, som bryder med Vellivs ESG-kriterier fastlagt i politikken for ansvarlig investering og aktivt ejerskab og som ikke udviser forandringsvilje i forhold til deres håndtering af ESG-risici. Endelig ønsker Velliv ikke at investere i tobaksselselskaber, selskaber med aktivteter i kontroversielle våben eller selskaber, hvor mere end 5 pct. af omsætningen stammer fra udvinding af kul og oliesand. Selsakb Kommentar 22nd Century Group, Inc. Tobacco AECOM Contr.Weapons Aerojet Rocketdyne Holdings, Inc. Contr.Weapons Aerojet Rocketdyne, Inc. Contr.Weapons Aeroteh SA Contr.Weapons Airbus SE Contr.Weapons Al-Eqbal Co. for Investment Plc Tobacco ALLETE, Inc. Kul Alliance Holdings GP LP Coal Alliance Resource Operating Partners LP Coal Alliance Resource Partners LP Coal Alpha Metallurgical Resources, Inc Coal Alpha Natural Resources Inc Coal Altadis Emisiones Financieras SA Tobacco Altadis SA Tobacco AltaGas Ltd. Gas/ESG Altius Minerals Corporation Coal Altria Group, Inc. Tobacco Anglo American plc Kul Anglo Pacific Group plc Coal Arch Resources, Inc. Coal Arcis Resources Corp. Tobacco Aryt Industries Ltd. Contr.Weapons Asenovgrad Tabac AD Tobacco Ashtrom Group Ltd. Normviolation>human rights Athabasca Oil Corporation Oilsand Avco Corp. Contr.Weapons B.A.T. Capital Corp. Tobacco B.A.T. Finance BV Tobacco B.A.T. International Finance Plc Tobacco Babcock International Group plc Contr.Weapons BADECO ADRIA dd Tobacco BAE Systems (Finance) Ltd. Contr.Weapons BAE Systems plc Contr.Weapons Bat Brasil Tobacco Bathurst Resources Limited Coal Baytex Energy (LP) Ltd. Oilsand Baytex Energy Corp. Oilsand Bellatora, Inc. Tobacco BHP Group Limited Kul BHP Group Plc Kul BlackPearl Resources, Inc.
    [Show full text]
  • Signed, Sealed and Delivered: ''Big Tobacco'' in Hollywood, 1927–1951
    Tob Control: first published as 10.1136/tc.2008.025445 on 25 September 2008. Downloaded from Research paper Signed, sealed and delivered: ‘‘big tobacco’’ in Hollywood, 1927–1951 K L Lum,1 J R Polansky,2 R K Jackler,3 S A Glantz4 1 Center for Tobacco Control ABSTRACT experts call for the film industry to eliminate Research and Education, Objective: Smoking in movies is associated with smoking from future movies accessible to youth,6 University of California, San Francisco, California, USA; adolescent and young adult smoking initiation. Public defenders of the status quo argue that smoking has 10 2 Onbeyond LLC, Fairfax, health efforts to eliminate smoking from films accessible been prominent on screen since the silent film era California, USA; 3 Department of to youth have been countered by defenders of the status and that tobacco imagery is integral to the artistry Otolaryngology – Head & Neck quo, who associate tobacco imagery in ‘‘classic’’ movies of American film, citing ‘‘classic’’ smoking scenes Surgery, Stanford University with artistry and nostalgia. The present work explores the in such films as Casablanca (1942) and Now, School of Medicine, Stanford, 11–13 California, USA; 4 Center for mutually beneficial commercial collaborations between Voyager (1942). This argument does not con- Tobacco Control Research and the tobacco companies and major motion picture studios sider the possible effects of commercial relation- Education and Department of from the late 1920s through the 1940s. ships between the motion picture and tobacco Medicine,
    [Show full text]
  • Annual Report 2013
    Annual Report 2013 “ Being active and having a positive outlook on life is what keeps me going every day.” Overview of 2013 “ Our performance in 2013 was defined by remarkable &R D output and further delivery of sustained financial performance for our shareholders.” Please go to page 4 for more More at gsk.com Performance highlights £26.5bn £8.0bn £7.0bn £5.2bn Group turnover Core* operating profit Total operating profit Returned to shareholders 6 112.2p 112.5p 13% Major medicines approved Core* earnings per share Total earnings per share Estimated return on R&D investment 10 6 1st 1st Potential phase III study starts in 2014/15 Potential medicines with phase III data in Access to Medicines Index Pharmaceutical company to sign AllTrials expected 2014/15 campaign for research transparency Front cover story Betty, aged 65, (pictured) has Chronic “ Health is important to me, Obstructive Pulmonary Disease (COPD). She only has 25% lung capacity. This means I try to take care of my she finds even everyday tasks difficult, but medicines and inhaled oxygen allow her to health with all the tools live as normal a life as she can. Betty’s mindset I have and do the best is to stay busy and active, so every week she goes to rehab exercise classes. that I can with it.” COPD is a disease of the lungs that leads to Betty, COPD patient, damaged airways, causing them to become North Carolina, USA narrower and making it harder for air to get in and out. 210 million people around the world are estimated to have COPD.
    [Show full text]
  • Imperial-Ham-La:Layout 1
    CMAJ Special report Destroyed documents: uncovering the science that Imperial Tobacco Canada sought to conceal David Hammond MSc PhD, Michael Chaiton MSc, Alex Lee BSc, Neil Collishaw MA Previously published at www.cmaj.ca Abstract provided a wealth of information about the conduct of the tobacco industry, the health effects of smoking and the role Background: In 1992, British American Tobacco had its of cigarette design in promoting addiction.2 Canadian affiliate, Imperial Tobacco Canada, destroy inter- A number of the most sensitive documents were concealed nal research documents that could expose the company to or destroyed before the trial as the threat of litigation grew.3,4 liability or embarrassment. Sixty of these destroyed docu- Based on advice from their lawyers, companies such as ments were subsequently uncovered in British American British American Tobacco instituted a policy of document Tobacco’s files. destruction.5 A.G. Thomas, the head of Group Security at Methods: Legal counsel for Imperial Tobacco Canada pro- British American Tobacco, explained the criteria for selecting vided a list of 60 destroyed documents to British American reports for destruction: “In determining whether a redundant Tobacco. Information in this list was used to search for document contains sensitive information, holders should copies of the documents in British American Tobacco files released through court disclosure. We reviewed and sum- apply the rule of thumb of whether the contents would harm marized this information. or embarrass the Company or an individual if they were to be made public.”6 Results: Imperial Tobacco destroyed documents that British American Tobacco’s destruction policy was most included evidence from scientific reviews prepared by rigorously pursued by its subsidiaries in the United States, British American Tobacco’s researchers, as well as 47 ori - gin al research studies, 35 of which examined the biological Canada and Australia, likely because of the imminent threat activity and carcinogenicity of tobacco smoke.
    [Show full text]
  • Rwr Fsw Shortuni
    I r r p rWr Yi v rr1I t = = THE SUN THURSDAY APRIL 16 180ft 9 IYAZcCL4L AXD COMMERCIAL ate the barer and receipt from abroad for with the aeae month last year and tVSM sacks Bprtng wheat brands ta IbIs Irmt lobs and wilt Farm lo Wett Ctiwtor Ac 19 part I nf net bbl and aperfl- wunntbitMtto Clara J Tobed I Ln8caI hK the flrat time In a nnmbor of week SITOnHl an Increase of 08070 For the two wire quoted as follows 5flC Curtlttta i i600 New Terk fllo kEz > it HiiU > April 15- ffo S vi II7a41l401 No 1 extra B4th I 10 e Charts HaniielMvinnarrtil and Flitter L win to- of moderate Investment month ending Feb 29 the gross earning were neISllO extra J01t v- tn iuhar K4ilW8l orders These last 110 clVar 5223518 251 straiKhta M f WhitaM wife 10Caroline THwmaB 19000- rredtrK J Hlddlebmok Tn 0000 jili- STATl ASD TATK an as B- tiItEtl BONM IK SlOOOs together with advices tbflWl Increase of fllZUA compared 483UI patent tS 4iSiMl Mill feeltlran per 100I- 8Mb it n I loll e ut a Y lultiO 41 CordUa- McPheraon John D sad wife to Flyby from Ixmdrn ot an toot taut year S 5 3AtCI4A 206 with the corresponding iwlnd of cod MU 140 f04B3et sboru 26 rim 1264241i mid Ktewpl ant husband lo the LIterary Onrlin 19 Cornelia t 4000 OREGON 2V34e1VI3it7h plent Investment Inqnlrj la the market for net T1n87 an Increase of S1SHU90 to loo IMiWvittivi sharp nn l 7Ja Oe oociety MRt Cathertn 45940- Michel Eilnard to larjartlha Otxrle S SHORTUNi ut 1UVClerdt1- dllnnlM l l oil logi yn- ptilfM American securities would seem Kansas City Kaltrnad rye i V> TOM Mrrenlnis OU4SId 100 1112
    [Show full text]
  • International Marketing Principles
    British American Tobacco’s International Marketing Principles At British American Tobacco we believe in upholding high standards of corporate behaviour. We agree that the tobacco industry should be regulated, but we also think we should be able to communicate in a responsible way with adult tobacco consumers about our products, in order to grow market share. British American Tobacco’s International The Marketing Principles apply to the Marketing Principles provide a consistent marketing of all British American and responsible approach to marketing Tobacco’s combustible tobacco across the Group. They replace the products. International Marketing Standards which were launched in 2001 and updated in 2007. The Marketing Principles are our minimum The new Marketing Principles ensure our standard and will be applied even when they approach reflects developments in are stricter than local laws. However, if local marketing, technology and changing laws or other voluntary codes in markets are regulations and stakeholder expectations. stricter than or override our Marketing Principles, then we will abide by those laws The Marketing Principles comprise four core or voluntary codes. principles which we believe are at the heart of responsible tobacco marketing. The We will monitor and audit our performance rationale for each principle is explained and against the Marketing Principles and report illustrated by a set of core standards which our findings in the Group’s Sustainability show how they should be applied in our Report. The appendix at the end of this communications with consumers. document contains more information about the governance of the Marketing Principles. The Marketing Principles outline what all our Group Companies must consider when We expect all Group companies and anyone planning their tobacco marketing activities working on our behalf to adopt these but they do not offer standards for every Marketing Principles and seek to apply them activity.
    [Show full text]
  • Annex 1: Parker Review Survey Results As at 2 November 2020
    Annex 1: Parker Review survey results as at 2 November 2020 The data included in this table is a representation of the survey results as at 2 November 2020, which were self-declared by the FTSE 100 companies. As at March 2021, a further seven FTSE 100 companies have appointed directors from a minority ethnic group, effective in the early months of this year. These companies have been identified through an * in the table below. 3 3 4 4 2 2 Company Company 1 1 (source: BoardEx) Met Not Met Did Not Submit Data Respond Not Did Met Not Met Did Not Submit Data Respond Not Did 1 Admiral Group PLC a 27 Hargreaves Lansdown PLC a 2 Anglo American PLC a 28 Hikma Pharmaceuticals PLC a 3 Antofagasta PLC a 29 HSBC Holdings PLC a InterContinental Hotels 30 a 4 AstraZeneca PLC a Group PLC 5 Avast PLC a 31 Intermediate Capital Group PLC a 6 Aveva PLC a 32 Intertek Group PLC a 7 B&M European Value Retail S.A. a 33 J Sainsbury PLC a 8 Barclays PLC a 34 Johnson Matthey PLC a 9 Barratt Developments PLC a 35 Kingfisher PLC a 10 Berkeley Group Holdings PLC a 36 Legal & General Group PLC a 11 BHP Group PLC a 37 Lloyds Banking Group PLC a 12 BP PLC a 38 Melrose Industries PLC a 13 British American Tobacco PLC a 39 Mondi PLC a 14 British Land Company PLC a 40 National Grid PLC a 15 BT Group PLC a 41 NatWest Group PLC a 16 Bunzl PLC a 42 Ocado Group PLC a 17 Burberry Group PLC a 43 Pearson PLC a 18 Coca-Cola HBC AG a 44 Pennon Group PLC a 19 Compass Group PLC a 45 Phoenix Group Holdings PLC a 20 Diageo PLC a 46 Polymetal International PLC a 21 Experian PLC a 47
    [Show full text]
  • What Do Y Tell Us About the Industry in Brazil?
    May 2007 – Phase I Report This publication is under embargo up to 31 May, 11 am (EST) HE TOBACCO INDUSTRY DOCUMENTS: WHAT DO THEY TELL US ABOUT THE INDUSTRY IN BRAZIL? T This work was commissioned by the Pan American Health Organization as part of a multi-phase project to analyze the tobacco industry and tobacco control in Brazil. This preliminary report represents Phase I of the project EXECUTIVE SUMMARY • This report builds on a previously published Pan American Health Organization report and presents preliminary results of a multi-phase project to map out the roles of the tobacco industry and of the tobacco control movement in Brazil. • This initial phase was developed to document the strategies and operations of the tobacco industry in Brazil as it can be determined from the tobacco industry documents publicly available after the settlement of legal cases of 46 states and territories of the United States with the US- based tobacco companies. • Brazil is an important tobacco market: its large, young, population appeal to tobacco companies searching to expand and it has a large tobacco growing, manufacturing and export business. • Despite the role of tobacco in the Brazilian economy, Brazil has been a world leader in implementing a regulatory framework in which the tobacco 1 May 2007 – Phase I Report industry operates. Overall adult smoking prevalence seems to be in decline, but youth smoking remains high in certain areas of the country. • The main cigarette companies operating in the country are Souza Cruz, a subsidiary of British American Tobacco, with approximately 75% share of market; and Philip Morris Brazil, part of Philip Morris International, with approximately 15% of the market.
    [Show full text]
  • The Cigarette Card Series of W. Duke, Sons &
    CAPITALIZING ON TABOOS IN ADVERTISING: THE CIGARETTE CARD SERIES OF W. DUKE, SONS & COMPANY by Janet Katelyn Hammond Honors Thesis Appalachian State University Submitted to the Department of History and The Honors College in partial fulfillment of the requirements for the degree of Bachelor of Science May, 2018 Approved by: Michael C. Behrent, Ph.D., Thesis Director Katherine E. Ledford, Ph.D., University Honors Second Reader Allison Fredette, Ph.D., Departmental Honors Second Reader Michael C. Behrent, Ph.D., Departmental Honors Director Jefford Vahlbusch, Ph.D., Dean, The Honors College Hammond 1 Abstract This essay reveals the themes displayed in the cigarette card series produced at W. Duke, Sons & Co. from 1880 to 1900. The following mainly draws upon the cards themselves, the Duke family’s and the business’s correspondence, and other miscellaneous company notes. Topics covered include: a historiography, a family history, an overview of the cigarette and tobacco industries, late-eighteenth century capitalism and advertising methods, the interworking of the Duke company, and how the cigarette card series reflect all of these components. The overall argument is that the executives of this enterprise cashed in on the taboos of this time period while offering no new perspectives about the existing social hierarchy in the United States. Table of Contents Introduction…………………………………………………………………………………....2 Historiography………………………………………………………………………………...3 Family & Tobacco Background……………………………………………………………….9 Capitalism & W. Duke, Sons and
    [Show full text]