BAT beats ban but rivals hit hard

The latest earnings from British American Tobacco (BAT), one of the world's largest tobacco firms, showed just why the world's tobacco firms have continued to puff out profits notwithstanding the growing list of European countries which have introduc

30th July, 2005
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The latest earnings from British American Tobacco (BAT), one of the world's largest tobacco firms, showed just why the world's tobacco firms have continued to puff out profits notwithstanding the growing list of European countries which have introduced workplace smoking bans.

BAT, which said its half-year post-tax profit for the half year rose 8 per cent to €1.21 billion (€1.75 billion), has seen its share price surge 22 per cent this year.

Indeed, the European tobacco industry...

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