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Imperial Tobacco hit by illicit trade

Imperial Tobacco's (IMT) shares were marked down after signs that the first quarter of this year could be tougher due to a rise in the illicit trade of cigarettes in the European Union and Russia. Management said the problem had grown to the extent that the size of the legal cigarette market had shrunk by 7 per cent.

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By Julian Hofmann,
30 January 2013

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