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Philip Morris International is a global company specializing in cigarette and tobacco production. The company operates in four segments, including tobacco farming, making cigarettes, making heated tobacco products (HEETS) and industry value chain. Supplying its products to customers across 180 countries, Philip Morris is famous for its best-selling Marlboro brand. Operating its cigarette production through 48 production facilities in 32 different countries, the company makes over 800 billion cigarettes per year. Listed on the NYSE, Philip Morris is included in the S&P 100 and the S&P 500 components.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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