British American Tobacco: Lucky Strike maker holds guidance but vapes and tobacco sales disappoint Smoking BAT said profit from operations declined by 28.3 per cent, with the operating margin down by 9.7 percentage points to 34.5 per cent.
Imperial Brands: Cigarette maker’s volumes dwindles despite rise in vaping Tobacco Tobacco giant Imperial Brands saw profit dwindle as the volume of products sold continued to decline, despite an uptick in vaping.
Why British American Tobacco is campaigning for higher taxes on vapes retail The Build a Better Tomorrow plan is designed to reduce the health impact of the BAT business by offering customers around the world a choice of less risky products.
More than four million illegal vapes seized at UK border January 27, 2024 Just 4,430 vapes were seized in 2021, rising to 988,064 in 2022, and soaring to 4,537,689 in 2023.
Shift to smoke-free Britain continues as number of vape shops jumps again January 2, 2024 The number of independent vape shops has jumped again across the UK over the last year, amid plans to create a “smoke-free generation” by limiting their sale to children. Another 233 independent vape shops opened in 2023, a significant jump from 2022’s next increase of 61 and 2021’s net fall of 23, according to the [...]
Sunak reportedly considering ‘outlawing cigarettes for the next generation’ September 23, 2023 Downing Street has not denied reports that the Prime Minister could accept a recommendation that would effectively ban cigarettes for the next generation. Rishi Sunak is considering introducing some of the world’s toughest anti-smoking measures by steadily increasing the legal age for consuming tobacco, according to The Guardian, which cited Whitehall sources. Last year a [...]
Supreme becomes ‘master distributor’ for top vape brands as shares spike July 5, 2023 Supreme shares are up five per cent today as the vaping giant announced it is now the “master distributor” for UK e-cigarette brands, although the company has reported weak annual profits. The firm has been chosen as the master distributor for two leading UK vaping brands, ElfBar and Lost Mary, which it will supply to [...]
Sunak to crack down on ‘unacceptable’ targeting of young people by vape market May 30, 2023 A new Government crackdown on vape marketing will prevent the “unacceptable” targeting of children and young people, Rishi Sunak has said. Ministers have pledged to close a loophole allowing retailers to give free samples of vapes to children in England, amid concerns over the proportion of children trying e-cigarettes. The move comes days after the [...]
Philip Morris finally wins backing for £13bn Swedish Match deal November 7, 2022 Malboro maker Philip Morris International finally wins support for its $15.7bn takeover of Swedish Match, despite securing slightly less than 90 per cent of backing. PMI said said it nabbed 82.59 per cent of the Swedish company, short of the 90 per cent level at which it can start a compulsory purchase of remaining shares. [...]
Juul eyes up investor bailout as it fends off US regulatory hurdles October 25, 2022 JUUL is reportedly in talks with two of its top investors about a potential bailout as the vaping giant fends off US regulators. As first reported by the Wall Street Journal (WSJ), Hyatt Hotels heir Nick Pritzker and Riaz Valani are weighing up whether to cover the firm’s operations and near term legal liabilities. The [...]