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Key point: A new medical study shows that more young people are choosing vapes over traditional cigarettes, with first-time smoking initiation via vaping surpassing initiation via conventional cigarettes for the first time.
Key point: British American Tobacco shares were reaffirmed with a Buy rating, although the stock fell by 2 pence in midday trading.
Key point: RELX’s environmental, social, and governance practices ranked first among all global vaping companies for the second year in a row.
Key point: JTI Bulgaria is promoting proper cigarette butt disposal. EU research shows that 3 out of every 10 cigarette butts are discarded improperly, increasing plastic pollution.
Key point: BAT Korea is actively advancing ESG management and has installed 20 flower beds across more than 10 districts, including Jung-gu and Gwangjin-gu in Seoul, to discourage littering and improve the cityscape.
Key point: At the 2023 Thessaloniki Summit, JTI Greece CFO Haralambos Thamnidis and Director of Corporate Affairs and PR Georgia Karountzou shared the company’s business roadmap in Greece and its innovation and sustainability strategy.
Key point: VUSE has launched two disposable vapes in the Middle East market with 5,000 and 6,000 puffs respectively. Both are officially priced at 80 dirhams, about RMB155, around RMB60 higher than in Russia.
Key point: Nine UK local councils have conducted no investigations or prosecutions against illegal or counterfeit tobacco over the past five years. HMRC estimates illegal tobacco has caused £9.3 billion in tax losses since 2018.
Key point: Russia’s Health Ministry opposes banning nicotine products, saying it would lead to substantial tax revenue losses.
Key point: A Korean investment company reduced its holdings in Philip Morris International, lowering its stake by 5.9%. PMI shares rose by US$0.31 in midday trading.
Key point: The UK discards 5 million disposable vapes every week, creating fire and explosion risks. Retailers and manufacturers should promote recycling and improve product design.
Key takeaway: JPMorgan lowered its price target for Imperial Brands (LON: IMB) from $29.40 to $28.15. The firm currently maintains an Overweight rating on the stock.