Philip Morris International has invested more than $3 billion in so-called reduced-risk products to replace cigarettes. (Photograph: Daniel Acker/Bloomberg)

Philip Morris International, the world’s largest publicly-traded tobacco company, dropped the most in five months after price increases and new techno(...)

Brexit may encourage overseas companies looking for a European base to choose Ireland over the UK

News that Italy’s Ray-Ban maker Luxottica and French lens-producer Essilor are to effect a €46 billion (€43bn) merger in one of Europe’s largest cros(...)

Reynolds shareholders will receive $29.44 in cash and 0.5260 BAT shares for each of their shares under the terms of the deal,

British American Tobacco said on Tuesday it had agreed terms to buy US rival Reynolds American after it increased its offer for the 57.8 per cent of t(...)

The volume of global mergers and acquisitions was $3.6 trillion in 2016, a 17 per cent drop from last year’s record $4.37 trillion but enough to make the year the second-highest for deal-making since 2007

A final flurry of large takeovers during the last months of 2016 lifted global deal-making to its second-highest annual level since the financial cris(...)

US stocks trimmed losses as deal activity boosted consumer stocks and Microsoft rose towards a record, offsetting losses spurred by concerns a stronger dollar will dampen corporate earnings. Photograph:  Michael Nagle/Bloomberg

European stocks lost momentum on the final day of their best week in a month amid mixed earnings reports. The Stoxx Europe 600 Index was unchanged at (...)

Up and away: Aer Lingus  stock closed  yesterday 1.5 per cent up at €2.43. Photograph: Alan Betson

European shares rebounded on Wednesday from a one-week low the day before, supported by the prospect of an accord between Greece and its creditors. T(...)

A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion (€17 billion) in her lawsuit against the R.J. Reynolds Tobacco Company. Photograph: Alan Betson/The Irish Times

A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion (€17 bil(...)

Reynolds American is to buy rival Lorillard for $25 billion, merging two of the world’s biggest cigarette makers in a deal that includes the sale of (...)

Stocktake

One person expecting a bear market is Marc “Dr Doom” Faber, who last week warned that the S&P 500 was facing a 30 per cent drop. Faber famo(...)

The headquarters of Reynolds American is seen next to the old RJ Reynolds Tobacco smoke stacks in downtown Winston-Salem, North Carolina. Photograph: Chris Keane/Reuters

Reynolds American and Lorillard are in the final stages of agreeing a complex merger that will reshape Big Tobacco by bringing together two of the thr(...)

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