Tobacco stocks feel the heat

Article Abstract:

Tobacco compaies face smuggling allegations in Canada, the US and Britain. Gallaher is under investigation in Britain, and denies aiding smuggling into Britain. BAT is under investigation in the US and denies allegations that it was involved in smuggling in Asia, Canada and Latin America during the 1990s. R.J. Reynolds faces legal action in Canada, where the entire tobacco industry is being investigated, including Imperial Tobacco Canada, once part-owned by BAT. BAT is also being investigated in Colombia.

Investigations, Smuggling

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Tobacco litigation: Imperial's good start

Article Abstract:

Imperial Tobacco faces a legal threat from a law firm in London, England, which is representing 40 smokers and only charging fees if they win. The company's share price has not been affected. Imperial Tobacco has been separated from Hanson, and Imperial's share price rose by 5% in the first day the shares were traded. The case will probably not be heard before 1998 and the decision of the judge will set a precedent affecting other legal claims against the tobacco industry.

Imperial Tobacco Group PLC

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Cough up

Article Abstract:

BAT's financial services operations could be affected by legal claims against its tobacco division. Brown and Williamson, the group's US tobacco subsidiary, is subject of action by health authorities. BAT may be planning to demerge financial services in order to prevent their being affected by tobacco-related claims. BAT's entire profit from tobacco could be affected by claims, in addition to further sums. The group argues that its financial services division is not vulnerable.

B.A.T. Industries PLC

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