Higher cigarette prices help the maker of Lucky Strike raise profits
BAT is confident of resuming sales of flavoured e-cigarette pods in the US
27 February 2020 - 16:12
Bengaluru — British American Tobacco (BAT) reported better-than-expected annual profits on Thursday, helped by higher pricing of its cigarettes, and said it is confident of resuming sales of flavoured e-cigarette pods in the US despite a ban.
Shares of the world’s No 2 tobacco company have risen nearly 14% in the past 12 months, partly due to the group’s low exposure to vaping in the US, where a backlash against e-cigarettes after several vaping-related deaths led to tighter regulation and a ban on selling pod-based e-cigarette flavours from this month...
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