Menthol ban talks knock 10% off BAT

By Thomas Mulier and William Mathis

Shares in British American Tobacco (BAT), which makes Camel, Dunhill, and Lucky Strike and other cigarettes, plunged to their lowest level in more than four years on news of a possible ban on menthol cigarettes in the US, which would eliminate products such as Newport that generate up to a quarter of the company’s profit.