BRIEF-France Bed Holdings to retire treasury shares
* Says it plans to retire 2.5 million shares (5.6 percent of outstanding) of its common stock on July 14
STOCKHOLM May 8 Wet snuff and cigar maker Swedish Match posted on Monday a higher first-quarter operating profit from product areas than expected and predicted slowing growth in Scandinavian snus consumption this year.
Operating profit from product areas increased to 994 million crowns ($113.1 million) from a year-ago 939 million, against a mean forecast in a Reuters poll of analysts of 977 million.
The operating margin for snus and snuff shrank less than expected, to 41.1 percent from 41.8 percent, against a forecast of 40.8 percent. ($1 = 8.7875 Swedish crowns) (Reporting by Anna Ringstrom)
* There are reasonable grounds for believing that the undertakings offered by Heineken might be accepted in Heineken, Punch Taverns deal Source text: http://bit.ly/2m4hKux Further company coverage: