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Share Price Information for British American Tobacco (BATS)

London Stock Exchange
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Share Price: 2,392.00
Bid: 2,390.00
Ask: 2,391.00
Change: 14.00 (0.59%)
Spread: 1.00 (0.042%)
Open: 2,385.00
High: 2,395.00
Low: 2,374.00
Prev. Close: 2,378.00
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US Billionaire Bloomberg Pledges USD160 Million To Fight Vaping

Tue, 10th Sep 2019 17:36

(Alliance News) - Billionaire and former New York mayor Michael Bloomberg on Tuesday announced a USD160 million campaign to ban flavored e-cigarettes in the US following a spike in vaping deaths.

At least five people have died in the US recently after vaping in an outbreak that has sickened hundreds with severe pulmonary disease and left several teenagers in induced comas.

"This is an urgent health crisis, and tobacco companies are behind it," said Bloomberg, a long-time anti-smoking activist who banned smoking in New York bars and restaurants when he was mayor in the early 2000s.

"We know Big Tobacco's playbook. We've seen this before. It is targeting kids – and putting them in serious danger," he added in the op-ed co-written with Matt Myers, president of the Campaign for Tobacco-Free Kids.

Bloomberg denounced the inaction of the Food & Drug Administration and said the money would be spent helping at least 20 cities and states ban all flavored tobacco and e-cigarettes.

E-cigarettes have been available in the US since 2006 and are sometimes used as an aid to quit smoking traditional tobacco products like cigarettes.

Their use among adolescents has skyrocketed in recent years: some 3.6 million middle and high school students used vaping products in 2018, an increase of 1.5 million on the year before.

The Centers for Disease Control & Prevention said Friday that there were now more than 450 possible cases of pulmonary illness associated with vaping in the US, double the figure reported the previous week.

The CDC cautioned against vaping as officials investigate the precise cause of the deaths. No single substance has been found to be present in all the laboratory samples being examined.

New York's health department found very high levels of vitamin E oil in cannabis cartridges used by all 34 people in the state who had fallen ill after using e-cigarettes.

Vitamin E is a commonly used nutritional supplement but is dangerous when inhaled.

San Francisco, the home of market leader Juul Labs, became the first American city to ban e-cigarettes in June last year.

The FDA has warned Juul to stop advertising itself as a less harmful alternative to smoking, noting in particular the company's attempts to attract young people.

source: Agence France-Presse

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4 Jun 2024 08:46

TOP NEWS: British American Tobacco on track to meet annual guidance

(Alliance News) - British American Tobacco PLC said on Tuesday it is on track to deliver annual performance that it in line with its guidance.

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British American Tobacco retains guidance, eyes H2 improvement

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LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

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UK earnings, trading statements calendar - next 7 days

Wednesday 29 May 
Bank of Georgia Group PLCQ1 Results
Impax Asset Management Group PLCHalf Year Results
Pets At Home Group PLCFull Year Results
React Group PLCHalf Year Results
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Thursday 30 May 
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Novacyt SAFull Year Results
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Friday 31 May 
CMO Group PLCFull Year Results
Cooks Coffee Co LtdFull Year Results
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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 May 2024 19:25

Tobacco industry aims to hook new generation on vapes, WHO says

LONDON, May 23 (Reuters) - Tobacco companies still actively target young people via social media, sports and music festivals and new, flavoured products, the World Health Organization (WHO) said on Thursday, accusing companies of trying to hook a new generation on nicotine.

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UK's anti-smoking laws could be lost in pre-election parliamentary rush

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UK's anti-smoking laws could be lost in pre-election parliamentary rush

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IN BRIEF: British American Tobacco makes GBP173 million in buybacks

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