BAT attacks ban on vending machines
Friday 26 February 2010
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.
Jo from Northern Ireland was less than impressed by Russell Brand's attempt to stage a publicity stunt
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Shock poll shows voters believe Ukip is to the left of the Tories
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
New era of cheap oil 'will destroy green revolution'
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
iJobs Money & Business
£40000 - £470000 per annum + bonus: Ashdown Group: Java Developer / J2EE Devel...
£45000 - £55000 per annum + Benefits: Ashdown Group: An exciting opportunity h...
$125 - $175 per annum: Carlton Senior Appointments: Senior Wealth Manager In...
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...