Michael Murray: What is fascinating to watch are the developments with e-cigarettes. Big Tobacco is playing a blinder

The past few weeks have been interesting for investors in uranium and tobacco.

We saw the first signs of a comeback of nuclear power since the Japanese Fukushima earthquake - good news for uranium miners. And on the tobacco front we saw British American Tobacco (BAT) publish good results, with somewhat camouflaged insights on their e-cigarette venture.

Take uranium first. Last December, I explained why I had bought shares in the Canadian uranium ...