tocacco plant Native American Tobaccoo flower, leaves, and buds

tocacco Tobacco is an annual or bi-annual growing 1-3 meters tall with large sticky leaves that contain nicotine. Native to the Americas, tobacco has a long history of use as a shamanic inebriant and stimulant. It is extremely popular and well-known for its addictive potential.

tocacco nicotina Nicotiana tabacum

tocacco Nicotiana rustica leaves. Nicotiana rustica leaves have a nicotine content as high as 9%, whereas Nicotiana tabacum (common tobacco) leaves contain about 1 to 3%

tocacco cigar A cigar is a tightly rolled bundle of dried and fermented tobacco which is ignited so that its smoke may be drawn into the mouth. Cigar tobacco is grown in significant quantities in Brazil, Cameroon, Cuba, Dominican Republic, Honduras, Indonesia, Mexico, Nicaragua, Sumatra, Philippines, and the Eastern United States.

tocacco Tobacco is an agricultural product processed from the fresh leaves of plants in the genus Nicotiana. It can be consumed, used as an organic pesticide, and in the form of nicotine tartrate it is used in some medicines. In consumption it may be in the form of cigarettes smoking, snuffing, chewing, dipping tobacco, or snus.

tocacco Cigarettes are smoking products consumed by people and made out of cut tobacco leaves. Cigars are typically composed completely of whole-leaf tobacco. A cigarette has smaller size, composed of processed leaf, and white paper wrapping. The term cigarette refers to a tobacco cigarette too but it can apply to similar devices containing other herbs, such as cannabis.
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Imperial sees return to cigarette volume growth

LONDON, - Imperial Tobacco (IMT.L), the world’s fourth-biggest cigarette maker, predicted a return to volume growth this year as Spanish and Russian markets improved after it met forecasts with an 11 percent annual earnings rise.

Chief Executive Alison Cooper said she is looking for a small rise in global cigarette volumes for the current year after reporting a 4.2 percent fall for the year to September 2010 due to poor trading in four of its key markets.

“We have had a tough year in Spain and Russia as well as the U.S. and Ukraine but conditions are getting better in Spain and Russia and we are looking for a small rise in volumes this year,” she told a full-year results briefing on Tuesday.

The British maker of Lambert & Butler, West and Gauloises saw its cigarette volumes fall as smokers switched to cheaper, and sometimes illicit, cigarettes in the global downturn but it has offset this by price rises, on-going cost savings and growth in its fine-cut loose tobacco.

Analysts said a strong rise in the dividend, a better than expected fall in net debt and a commitment to create further sustained returns for shareholders all helped to push the shares up 2.1 percent to 2,038 pence by 1540 GMT.

Imperial reported a 8.7 percent growth in fine cut loose tobacco volume meaning its cigarette equivalent volumes fell just 2.9 percent, and with the help of price rises overall annual sales rose 3 percent.

The Bristol-based company, which acquired Franco-Spanish group Altadis in January 2008, posted adjusted earnings per share for the year to end-September of 178.8 pence, line with a Thomson Reuters I/B/E/S/ consensus of 178.7 pence.

Imperial raised its annual dividend by 15 percent to 84.3 pence a share, while cutting its adjusted net debt by 1.5 billion pounds to 9.3 billion pounds.

“Imperial’s results contain no real surprises and show an extremely resilient sales and profit performance against some challenging market conditions,” said analyst Julian Hardwick at house broker RBS. He is holding his earnings forecast for the year to September 2011 at 191.6 pence.

The group, with brands such as Fortuna and Davidoff, is heavily exposed to Western Europe and North America for over 70 percent of earnings and has seen cigarette volumes dip more sharply than most rivals.

Last week, rival British American Tobacco Plc (BAT) (BATS.L) reported a 3 percent fall in volumes for the first nine months of 2010, and said the downturn’s impact on smokers showed no sign of abating.

Imperial ranks after Marlboro maker Philip Morris International (PM.N), BAT, and Japan Tobacco (2914.T) in terms of global cigarette volumes. (Reporting by David Jones and Julie Crust; Editing by James Davey and Dan Lalor) ($1 = 0.6274 pound)

By Julie Crust and David Jones
Reauters

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