Home > Uncategorized > Imperial profits go up in smoke

Imperial profits go up in smoke

Imperial profits go up in smoke – Independent.ie.

Imperial Tobacco, based in Bristol, has reported a drop in profits for the first time since listing on the stock market.  Sales are markedly down in many first world markets such as Europe.

The pace of tobacco control efforts around the world is accelerating as governments realise the huge harms to their populations from smoking and implement the framework convention on tobacco control.  Recently we saw the first actual worldwide fall in sales volumes.

Tobacco stocks are not necessarily the safe haven for pension fund managers that they might think, certainly in the medium to longer term.

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