Tobacco Kings lose the foothold: British American Tobacco plc (LON: BATS) falls, Philip Morris (NYSE: PM) crawls

British American Tobacco plc (LON: BATS) slides down

In brief: New sanctions against the tobacco manufacturers can hit on the giants. British American Tobacco plc (LON: BATS) shares falling in price. Philip Morris International Inc. (NYSE: PM) may fall after yesterday's rise.

The British government is going to prepare a new bill, smoking impairs the rights of citizens. Most cigarette makers oppose the new law. The experts say, that the new law could be very dangerous.

Meanwhile, British American Tobacco plc (LON: BATS) shares continue to lose in price. British American Tobacco slides deep in the red zone, dropping to 2,238.00 points (-1.86%). Another tobacco giant – Philip Morris International Inc. (NYSE: PM) has a good day yesterday. Philip Morris shares rose to 52.57 points, gaining +0.58 (1.12%). Pre-Market opens in the red zone: Philip Morris shares drop to 52.40, losing -0.32%.

Ukrainian Globalist
2010-08-18 08:54, Society.

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