More than £100 billion has been wiped off the value of five of the world's biggest tobacco companies amid growing fears over the rise of vaping and increased regulation.
British American Tobacco (BAT), which is listed on the London Stock Exchange, has been the worst affected losing about half of its stock market value.
In November, the US Food and Drug Administration (FDA) announced that it is to consider banning menthol cigarettes, a move that would compound a disastrous year for the firm with more than half of its sales coming from the product.
More than £100 billion has been wiped off the value of five of the world's biggest tobacco companies amid growing fears over the rise of vaping and increased regulation
Rival firm Imperial Brand saw a fall in value of around a quarter while US companies Altria and Phillip Morris lost some 30 per cent.
Japan Tobacco is a fifth lower, following a shift in consumer tastes which has seen vaping spike in popularity.
RBC analyst James Edwardes Jones told the Daily Telegraph: 'The impact of the FDA's menthol cigarette ban and margin erosion from the growth in next-generation products is priced in, although for this previously uber-defensive and predictable stock the future is very opaque.'
The news comes after an experiement laid bare how much worse it is to smoke cigarettes than to vape, in the hope of encouraging thousands to kick the habit.
In November, the US Food and Drug Administration (FDA) announced that it is to consider banning menthol cigarettes, a move that would compound a disastrous year for the firm with more than half of its sales coming from the product
Public Health England conducted the test using jars of cotton wool exposed to tobacco smoke, e-cigarette vapour or normal air.
The grim results showed the jar exposed to 320 cigarettes turned brown and sticky, while there was just a light mist in the vaping scenario.
Officials at PHE warn nearly half of smokers don't realise how much healthier e-cigarettes are and warned it would be 'tragic' if smokers stuck to tobacco because of 'false fears' about the safety of vaping.
However, experts warn there growing concerns about electronic cigarettes contributing to heart disease.
Link hienalouca.com
https://hienalouca.com/2018/12/30/vaping-wipes-100billion-off-tobacco-industry/
Main photo article More than £100 billion has been wiped off the value of five of the world’s biggest tobacco companies amid growing fears over the rise of vaping and increased regulation.
British American Tobacco (BAT), which is listed on the London Stock Exchange, has been the worst affected losing about ...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
https://i.dailymail.co.uk/1s/2018/12/30/01/7945998-0-More_than_100_billion_has_been_wiped_off_the_value_of_five_of_th-m-31_1546135108089.jpg
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