Vaping crackdown wipes £1.9bn off cigarette maker Imperial Brands

Vaping crackdown wipes £1.9bn off cigarette maker Imperial Brands

More than £1.2billion was wiped off the value of Lambert & Butler cigarette maker Imperial Brands as a ban on flavored vaping products by US regulators takes its toll. Its shares fell 10 percent before partially recovering to trade 8 percent down. Imperial said earnings per share would drop 10 per cent this year. A ban on most flavored cartridges comes in on Thursday.

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