Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter


TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


British American Tobacco Share News (BATS)

Stock Market news at lse.co.uk - RSS News Feeds

Share News for British American Tobacco (BATS)


Share Price: 2,859.50Bid: 2,870.50Ask: 2,871.50Change: 19.50 (+0.69%)Riser - Br.amer.tob.
Spread: 1.00Spread as %: 0.03%Open: 2,840.00High: 2,888.00Low: 2,836.00Yesterday’s Close: 2,840.00




Russian parliament votes for public smoking ban

Fri, 14th Dec 2012 16:04

By Sonia Elks

MOSCOW, Dec 14 (Reuters) - Russia took a step towards c
lamping down on the tobacco industry on Friday as a bill to ban smoking in public spaces and to restrict tobacco sales sailed through its first reading in parliament.

Prime Minister Dmitry Medvedev has said that 44 million Russians, nearly one in three, are hooked on smoking, and almost 400,000 die every year of smoking-related causes.

Under the draft legislation tobacco advertising will be outlawed and smoking in public places such as restaurants, bars and hotels will be phased out. It will also ban kiosks and outlets in stations from selling cigarettes, much to the consternation of the kiosk owners who say they could be put out of business.

Deputies in the Russian Duma, the country's lower house of parliament, voted overwhelmingly in favour of the bill at its first reading, with 429 votes in favour and two abstentions.

Deputy Health Minister Sergei Velmyaikin said in the Duma that the purpose of the bill was not to reduce the number of smokers, but to prevent that number growing.

Foreign tobacco firms, including British American Tobacco , Imperial Tobacco, Japan Tobacco, and Philip Morris, control more than 90 percent of Russian sales and have been lobbying to soften the proposed legislation.

Russia is the largest tobacco market after China. The cigarette market was estimated at be worth around $22 billion in 2011 by Euromonitor International.

Lawmakers had initially thought that the legislation might come into force early next year but following delays the second reading is not now expected until spring 2013. If passed, the restrictions will be phased in and are expected to be fully in force by 2016.

Russia's Finance Ministry has previously announced plans to increase the excise duty on tobacco by around 40 percent for 2013 and 2014, and by 10 percent a year after 2015. The Health Ministry supports a greater increase in duty.



(Additional reporting by Maria Kiselyova and Natalia Ishchenko; Editing by Greg Mahlich) Keywords: RUSSIA SMOKING/

(sonia.elks@thomsonreuters.com)(+7 495 775 1242)

COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.






UPDATE 2-FTSE 100 marks best week in 4 months; buyout offer lifts Millennium & Copthorne

* FTSE 100 up 1%; FTSE 250 up 0.9%* Disappointing U.S. jobs data raises rate cut hopes* Millennium & Copthorne surges after buyout offer* Ferrexpo ris
[7 Jun '19 09:29]

UPDATE 2-FTSE felled by Trump tariff threat, China data gloom

* FTSE 100 down 0.8%, FTSE 250 down 0.7%* Threat of tariffs on Mexico hits financials, miners* Recession fears make safe haven assets desirable* House
[31 May '19 08:57]

UPDATE 2-FTSE 100 gains as sterling slips on renewed hard Brexit concerns

* FTSE 100 up 0.5%, FTSE 250 up 0.9%* Exporter stocks gain after sterling slips* Mid-cap FirstGroup hits near 2-yr high* Daily Mail publisher surges o
[30 May '19 09:02]

LIVE MARKETS-Closing snapshot: May mayhem continues

* STOXX 600 hits lowest since March 11 as trade row grows * Pan European index closed 1.4% lower * China threatens to retaliate using its vast
[29 May '19 16:47]

LIVE MARKETS-Smoked!

* STOXX 600 hits lowest since March 11 as trade row grows * Pan European index now down 1.4% * China threatens to retaliate using its vast rar
[29 May '19 12:34]

UPDATE 2-Worsening trade conflict drags down London's FTSE 100

* FTSE 100 down 1.2%, FTSE 250 down 1.4%* Stobart up among mid-caps after results* Mining shares retreat after two days of gains* Oil majors weighed d
[29 May '19 09:33]

Chinese broadside weakens UK shares, miners hit

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100, FTSE 250 down 0.7%* AVEVA, Stobart up among mid-caps after results
[29 May '19 08:26]

UPDATE 2-FTSE 100 chokes as tobacco firms fall on sales report, drugmakers dip

* FTSE 100 down 0.1%, FTSE 250 up 0.4%* Tobacco cos, drugmakers lead losses on main index* NMC up after hiking FY forecast* Galliford gains after snub
[28 May '19 09:29]



Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk




Home  |  Contact Us  |  About Us  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy  |  Mobile Site  |  About this website design


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.