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...The case is funded by the Public Health Advocacy Institute (PHAI), a Boston-based advocacy group chaired by Professor Richard Daynard, who spearheaded litigation against the tobacco industry in the 1980s...
...British American Tobacco said on Thursday that it was working on divesting some of its nearly 30 per cent stake in India’s largest tobacco company ITC, potentially paving the way for it to resume share buybacks...
...“A lot of people confuse that we are an industry that hates regulation, that’s exactly the opposite: we love regulation,” he added....
...Plans for a vaping tax were met with criticism from the UK Vaping Industry Association, which represents smaller vaping manufacturers rather than Big Tobacco....
...In Europe, the dominance of investing within an environmental, social and governance framework means there is very little capital prepared to invest in the tobacco industry....
...That holds true for tobacco companies, too....
...KPMG’s review of the UK’s private equity industry found deal volumes fell by a fifth last year....
...On Tuesday evening, MPs approved the government’s tobacco and vapes bill by 383 votes to 67 at its second reading in the House of Commons....
...Industry-wide, cigarette volumes were down 11 per cent in 2022. BAT, which sells premium brands such as Camel, has suffered....
...It does not help that regulators view smokeless products with some degree of suspicion....
...The case is funded by the Public Health Advocacy Institute, a Boston-based advocacy group chaired by Prof Richard Daynard, who spearheaded litigation against the tobacco industry in the 1980s....
...Global tobacco industry sales volumes will be down about 3 per cent in 2023, the group added, while reaffirming guidance for its own revenues this year....
...Madrid, which does not recognise British sovereignty over Gibraltar, wants the territory to do more to rein in smuggling as part of its price for a post-Brexit deal with London....
...Is the business model of big tobacco finally going up in smoke? The industry has been smouldering on by offsetting volume declines with price hikes....
...Australia, which has taken the toughest stance, does not allow vaping at all, except with a medical prescription....
...He said the announcement was made “without engagement with the industry”....
...Among the adult population as a whole, smoking has gone from a majority activity to one that just 12.9 per cent of the country does....
...of the FDA’s Center for Tobacco Products’ Office of Science....
...Would it license tobacco retailers? Would it introduce strict affordability checks on gamblers?...
...The UK Vaping Industry Association said: “While action to prevent youth access to vaping is critical, this moves smacks more of a desperate attempt by the government to sacrifice vapers for votes ahead of...
...The bloc is weighing a total ban, though industry wants a reprieve until alternatives are found....
...Crew, a former chief executive of Reynolds Tobacco who joined Diageo in 2019 as a board member, has also had to contend with doubts over growth in the US, its most important market, where sales have been...
...growth area for the industry....
...(Ethan Wu) Valuing declining assets, tobacco edition Last week I wrote about investing in declining businesses, in the context of the fund management industry....
...Nor does the EFW argument imply that no individual private credit manager can generate alpha. The point is simply that private credit does not generate alpha systematically, as an asset class....
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