BAT attacks ban on vending machines
Friday 26 February 2010
Latest in Business News
On Facebook
British American Tobacco has launched a scathing attack on the Government's plans to ban vending machines in pubs and displaying cigarettes in shops, as it toasted a jump in profits and revenues.
Last year, MPs supported the Health Bill, now going through the House of Lords, which would outlaw cigarette vending machines in England, Wales and Northern Ireland from October next year.
Michael Prideaux, a director at the maker of Dunhill, Kent and Pall Mall cigarettes, said: "I think it is a completely disproportionate reaction. Vending machines are mostly in places where entry is restricted by age."
In February, rival Imperial Tobacco's cigarette vending machine subsidiary, Sinclair Collis, launched legal action, and said it was seeking a "judicial review" of the relevant sections of the Health Act 2009.
Mr Prideaux also said the Health Bill's proposal to ban larger shops from openly displaying cigarettes from October next year and 2013 for smaller shops would boost the illegal market for tobacco.
For the 12 months to 31 December, BAT posted adjusted profit from operations up by 20 per cent to £4.46bn, although it was up by a more modest 10 per cent at constant exchange rates.
In its Asia-Pacific region, Mr Prideaux touted "strong performances" in Australia, Pakistan, Bangladesh, Taiwan and Vietnam, which drove a £224m jump in profit to £1.15bn in 2009. However, BAT's profits slipped in Eastern Europe, dragged down by lower volumes in Russia, Ukraine and Romania and the adverse impact of exchange rates on transactional costs.
- 1 Brazil rocked by abortion for 9-year-old rape victim
- 2 News in pictures
- 3 Naked Miami man shot dead after being found eating another man's face
- 4 In pictures: The bewildering face of China
- 5 Principled Skinner rises above the fray
- 6 News International 'tried to blackmail select committee'
- 7 Postgraduate students are being used as 'slave labour'
- 8 UN condemns Syria after massacre of civilians
- 9 Coastguard warning after man drowns saving two children
- 10 Pope's butler: 'more arrests may follow'
- 1 Robert Fisk: The going price of getting away with murder... would $33m be enough?
- 2 Brazil rocked by abortion for 9-year-old rape victim
- 3 Hardcore, hard-wired: How the prevalence of porn is changing our everyday lives
- 4 Principled Skinner rises above the fray
- 5 Fat? Really? Olympic hope laughs off official’s jibe – but others aren’t amused
- 6 News International 'tried to blackmail select committee'
- 7 'Hello mum, this is going to be hard for you to read ...'
- 8 Postgraduate students are being used as 'slave labour'
- 9 Coke reveals its secret: It may need to carry a cancer warning
- 10 French in uproar over oral sex anti-smoking posters
Experience the Heineken Hub
Get free wi-fi and exclusive i content while you enjoy a tasty pint of Heineken at participating pubs.
Can you imagine a career in teaching?
Be inspired to teach - let real teachers show you how rewarding the job can be.
Playing a game-changing role during the Games
Cisco is providing the solutions for London 2012's complex IT needs.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.



Comments