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Imperial Tobacco hit by smoking ban

Imperial Tobacco said that the smoking ban was responsible for half of a six per cent fall in its UK cigarette sales in the nine months to the end of June. It said there was more evidence of smokers "downtrading", with strong growth in the economy sector.

The company, which has its UK manufacturing base at Lenton, said it expected the group's overall performance to be in line with expectations for the rest of the year.

Imperial chief executive Gareth Davis said today: "Our operating environment remains challenging but we remain on track for another successful year."

Imperial said last month it would be cutting 210 jobs at Lenton as part of a global restructuring programme.

Source: thisisbusiness-eastmidlands, 25th July 2008
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