Central to the fate of the Brexit negotiations is the future of the Irish border. Politicians from all sides insist they want to avoid a return to border checks once the UK leaves the EU – but they disagree on how this can be achieved.
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.
An organisation which represents more than 3,000 retailers is demanding that the Government provides increased resources to Customs units to crack down on cigarette smuggling, and also support a bill which provides on-the-spot fines for those who purchase illicit tobacco, alcohol, and solid fuel.
British American Tobacco reached agreement to buy full control of Reynolds American with a sweetened $49.4bn (€46.3bn) offer, bringing a successful end to almost three months of bartering with the maker of Camel cigarettes.