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FTSE 350: Big tobacco shifts focus back to the US

FTSE 350: Big tobacco shifts focus back to the US

The so-called ‘land of opportunity’ is becoming just that once again for tobacco companies. By the late 20th century, the US had become a market where smoking-related litigation proliferated and, as such, cigarette makers tried to keep a low profile. But this is changing, as demonstrated by the recent moves of the UK’s two listed tobacco groups: British American Tobacco (BATS) and Imperial Brands (IMB).

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