Record profit for Totally Wicked ahead of single-use vapes ban as sales double in two years Retail Profit at Totally Wicked has surged to a new record level ahead of the sale of single-use disposable vapes being banned in England and Wales later this year. The Lancashire-headquartered has reported a pre-tax profit of £8.1m for the 12 months to 31 March, 2024, up from the £3.3m it posted for the prior year. [...]
Typhoo is bought out of administration – but is the brand weak tea? Business YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. This week, Typhoo was bought out of administration for £10m by the Mancunian vape-maker Supreme. The tea-maker had been in financial trouble in recent years, and the new owners have pledged to outsource manufacturing and reduce overheads. But in [...]
Vaping crack down will do more harm than good Opinion The government rightly U-turned on banning smoking in pub gardens, it should do the same for plans to restrict products that help smokers quit, says Richard Holden MP The Tobacco and Vapes Bill will have its second reading in the House of Commons today. It’s a bill with laudable intentions. Very few people would argue [...]
Ministers urged to deploy biometric age verification to address underage vaping November 22, 2024 Ministers have been urged to deploy a biometric age verification solution to address the issue of underage vaping. The company IKE Tech says it has developed a technological solution to mandate continuous age verification on vapes. It comes as the government is set to bring the Tobacco and Vapes Bill to Parliament which proposes to [...]
Imperial Brands’ bet on e-cigarettes and ‘next generation’ products bears fruit November 19, 2024 Tobacco giant Imperial Brands has reported a dip in revenue despite double-digit growth in its electronic cigarettes division and growth in its traditional tobacco division. The company told markets this morning that net revenue from tobacco and ‘next generation’ products rose 4.6 per cent in the year ended September 30. Adjusted earnings per share rose [...]
‘Wasteful’ disposable vapes to be banned by next June October 24, 2024 Disposable vape sales will be banned by next summer, the government has said, branding the e-cigarette products “wasteful”. Fresh legislation to ban the sale of single-use vaping devices from June 2025 was introduced before Parliament on Wednesday. The government says an estimated five million single-use vapes were littered or thrown away each week last year [...]
Totally Wicked: Do vaping companies cause more harm than good? August 27, 2024 Boardroom Uncovered is City A.M.‘s on-camera interview series featuring the bosses of the biggest and best-known companies operating in the UK.