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Firms which can raise prices may be a good bet for future growth

Leahy invests in 'safe' tobacco (after Tesco made a killing on cigarettes)

It has been the dream of health campaigners and nicotine addicts for 50 years: a "safe" cigarette that satisfies the cravings of smokers without the lethal side-effects. Now, falling sales and government crackdowns in the West (if not in the developing world) are tempting the world's tobacco giants to invest in discovering a non-cancerous alternative. British American Tobacco (BAT) is joining forces with Sir Terry Leahy, the recently departed former Tesco chief executive, who is investing a chunk of his own £48m fortune in a new product which promises to revolutionise the market for "smokeless cigarettes". Sir Terry has invested an undisclosed sum in the start-up company Kind Consumer, which is developing a non-tobacco, aerosol-loaded, nicotine inhalation device that keeps the "psychological rituals and routines" of smoking.

The unstoppable march of the tobacco giants

How the industry ruthlessly exploits the developing world - its young, poor and uneducated

Market Report: IAG gets its wings back despite fuel price rises

Oil prices may have stayed close to their recent highs, but that failed to prevent International Airlines Group (IAG) flying to the top of the blue-chip index last night.

Tobacco firms used diet-aid chemicals

Internal documents reveal that appetite suppressants were added to cigarettes as companies pitched their products to women

Market Report: BAT provides safe haven for worried investors

With the top-tier index awash with red, British American Tobacco (BAT) was among the defensive stocks benefiting from investors fleeing for safer ground as the cigarette company was praised for offering long-term value.

Australia's cigarette war over shocking pack rules

Australia has unveiled the world's toughest tobacco advertising legislation, which – if it survives a legal challenge by the industry – will force all cigarettes to be sold in plain, olive-green packs covered in health warnings.

David Prosser: When will big tobacco decide to give up?

Outlook The writing is on the wall for tobacco companies. The designs unveiled yesterday by the Australian Government for plain cigarette packaging have to be seen to be believed. Under itsproposals, which could become law within a matter of months, allcompany branding would disappear – instead, the make of thecigarette would appear in a font of standard style and size underneath eye-catching images illustrating the potential effects of smoking on health.

Market Report: BAT soars after stubbing out racketeering charge

Following a key legal triumph in the US, British American Tobacco (BAT) was left high up the top-tier index's leaderboard last night, advancing 54.5p to 2,462p. The cigarette group made the move after investors awoke yesterday morning to news from across the Atlantic that the company had succeeded in its attempt to be removed from a racketeering ruling.

Market Report: Tobacco report helps Imperial light up

It may have been No Smoking Day, but that did not stop Imperial Tobacco's shares lighting up last night as a long-awaited report from the Government was greeted with relief.

Minister to use No Smoking Day to announce display ban

Health Secretary to press ahead with tobacco sale restrictions, despite £70m cost to small retailers

Market Report: Serco's defensive quality shines in anxious times

With a rise of 27p to 618.5p, Serco stormed to the top of the blue-chip index last night – and its highest position since last October – after it was picked as a good bet for those looking for respite from the turmoil in the Middle East and North Africa.

Lung cancer epidemic 'may have peaked' in women

The fifty-year epidemic of lung cancer which has claimed at least one million lives in Britain may have peaked among women, figures show.

Market Report: Ocado flavour of the day as merger chat returns

The market's taste for online grocery group Ocado continued unabated yesterday as rumours of a takeover refused to die, although some put the rise down to pressure on the City's short sellers.

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Prices correct as of 30 January 2015
As in 1942, Germany must show restraint over Greece

As in 1942, Germany must show restraint over Greece

Mussolini tried to warn his ally of the danger of bringing the country to its knees. So should we, says Patrick Cockburn
Britain's widening poverty gap should be causing outrage at the start of the election campaign

The short stroll that should be our walk of shame

Courting the global elite has failed to benefit Britain, as the vast disparity in wealth on display in the capital shows
Homeless Veterans appeal: The rise of the working poor: when having a job cannot prevent poverty

Homeless Veterans appeal

The rise of the working poor: when having a job cannot prevent poverty
Prince Charles the saviour of the nation? A new book highlights concerns about how political he will be when he eventually becomes king

Prince Charles the saviour of the nation?

A new book highlights concerns about how political he will be when he eventually becomes king
How books can defeat Isis: Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad

How books can defeat Isis

Patrick Cockburn was able to update his agenda-setting 'The Rise of Islamic State' while under attack in Baghdad
Judith Hackitt: The myths of elf 'n' safety

Judith Hackitt: The myths of elf 'n' safety

She may be in charge of minimising our risks of injury, but the chair of the Health and Safety Executive still wants children to be able to hurt themselves
The open loathing between Barack Obama and Benjamin Netanyahu just got worse

The open loathing between Obama and Netanyahu just got worse

The Israeli PM's relationship with the Obama has always been chilly, but going over the President's head on Iran will do him no favours, says Rupert Cornwell
French chefs get 'le huff' as nation slips down global cuisine rankings

French chefs get 'le huff' as nation slips down global cuisine rankings

Fury at British best restaurants survey sees French magazine produce a rival list
Star choreographer Matthew Bourne gives young carers a chance to perform at Sadler's Wells

Young carers to make dance debut

What happened when superstar choreographer Matthew Bourne encouraged 27 teenage carers to think about themselves for once?
Design Council's 70th anniversary: Four of the most intriguing prototypes from Ones to Watch

Design Council's 70th anniversary

Four of the most intriguing prototypes from Ones to Watch
Dame Harriet Walter: The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment

Dame Harriet Walter interview

The actress on learning what it is to age, plastic surgery, and her unease at being honoured by the establishment
Art should not be a slave to the ideas driving it

Art should not be a slave to the ideas driving it

Critics of Tom Stoppard's new play seem to agree that cerebral can never trump character, says DJ Taylor
Bill Granger recipes: Our chef's winter salads will make you feel energised through February

Bill Granger's winter salads

Salads aren't just a bit on the side, says our chef - their crunch, colour and natural goodness are perfect for a midwinter pick-me-up
England vs Wales: Cool head George Ford ready to put out dragon fire

George Ford: Cool head ready to put out dragon fire

No 10’s calmness under pressure will be key for England in Cardiff
Michael Calvin: Time for Old Firm to put aside bigotry and forge new links

Michael Calvin's Last Word

Time for Old Firm to put aside bigotry and forge new links