Latest news
Imperial tobacco stock drops over concern U.K. may ban cigarette logos
Imperial Tobacco Group Plc, Europe's second-largest cigarette maker, fell in London trading after the U.K. government said it may ban tobacco companies from using brands and logos on cigarette packaging and limit shop displays of cigarettes to curb smoking by children.
The stock fell as much as 72 pence, or 3.6 percent, in London and Imperial Tobacco is currently trying to raise 4.9 billion pounds ($9.6 billion) by selling new stock.
The government is also considering proposals to prohibit sales of cigarettes in packs of 10, which are more affordable for children, and limit access to vending machines.
Bristol, England-based Imperial Tobacco controls about half of the British cigarette market with brands including Lambert & Butler.
Source: Bloomberg, 2nd June 2008
Article link
accessibility | privacy | disclaimer
© copyright The Roy Castle Lung Cancer Foundation