Brussels’ tobacco ban risks fuelling illegal immigration Opinion A proposed EU tobacco tax hike risks fuelling organised crime, illicit trade, and people smuggling across Europe and into the UK, says Tom Pursglove Recent headlines suggest that up to 50,000 illegal migrants could cross the Channel this year – a figure that provokes a palpable sense of dread amongst the British public. People have [...]
Imperial Brands CEO to leave FTSE 100 giant as successor named Markets The boss of Imperial Brands is to retire after five years at the helm of the business at the London-listed tobacco giant. Stefan Bomhard, who joined the company in July 2020, will step down as CEO in October this year. He will remain on the company’s board until the end of 2025. The German executive, [...]
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 [...]
Autumn Budget 2024: Vaping tax and tobacco duty to increase October 30, 2024 Smokers and vapers are set to pay more in Britain as Chancellor Rachel Reeves today announced a new vaping tax and an increase in tobacco duty during her Autumn Budget. She confirmed that the government will introduce a “flat rate duty” on all vaping liquid from October 2026, while also renewing the tobacco duty escalator [...]
British American Tobacco inches closer to settlement of multi-billion dollar lawsuit in Canada October 18, 2024 A subsidiary of London-listed British American Tobacco (BAT) revealed that it's nearing a "potential" settlement in a multi-billion dollar lawsuit in Canada
Imperial Brands: FTSE 100 giant hikes shareholder returns as debt falls October 8, 2024 Today, the tobacco group Imperial Brands has hiked its shareholder returns for the year as net debt has continued to decline. In a pre-close period trading update, the company said it was trading “in line with expectations” for the year, with growth at both its tobacco and next generation product (NGP) lines. The company added [...]
The Capitalist: Tory Conference; sex in the City; matters of quizness October 3, 2024 Dispatches from Tory Party Conference, recruitment turns steamy and more: catch up on the latest City gossip in The Capitalist.
Starmer’s illiberal smoking restrictions are just the start August 29, 2024 Freedom cannot be entirely indexed to smoking, but an administration’s approach to tackling it says a lot about how they plan to govern, says Joseph Dinnage Imagine you and your colleagues have just finished a day of graft on the trading floor and you’re all looking to relax. What to do? You all rightly decide [...]
Imperial Brands reaffirms guidance as demand for tobacco and vapes holds despite pressure April 9, 2024 Imperial Brands has said it is "on track" to meet its profit and revenue targets this year despite growing regulatory pressure on tobacco and vaping.