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.
- 1 Florida man sentenced to two-and-a-half years for having sex on the beach in front of a child
- 2 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 3 Nick Kyrgios calls former Olympian Dawn Fraser a 'blatant racist' after she tells Wimbledon star to 'go back where their parents came from'
- 4 World learns of app that shows you who unfriended you on Facebook, app promptly crashes
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro
Greece crisis: Referendum exposes a gaping hole at the heart of the European Union – its lack of genuine legitimacy
iJobs Money & Business
£40000 - £95000 per annum: Recruitment Genius: This is an exciting opportunity...
competitive: SThree: Are you passionate about sales?Do you have a keen interes...
£17000 - £30000 per annum: Recruitment Genius: This is an exciting opportunity...
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...