Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIMT.L Share News (IMT)

  • There is currently no data for IMT

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Dutch ban vaping for under 18s, say more harmful than thought

Fri, 11th Dec 2015 16:22

(Adds quote, details)

THE HAGUE, Dec 11 (Reuters) - Electronic cigarettes andwater pipes will be banned in the Netherlands for children under18 from next year, the government said, after finding that thedevices were more damaging to health than expected.

E-cigarettes, which electrically vapourise anicotine-infused solution, are defended by their proponents as ahealthier alternative to conventional cigarettes, but thegovernment said its studies showed they were still harmful.

"With this ban I want to protect young people from thedamage e-cigarettes cause," said health state secretary MartinVan Rijn in a statement. "I also want to avoid young peoplethinking that these e-cigarettes in hip colours are normal."

The government said that studies carried out by the Dutchfood safety and public health institutes had shown thate-cigarettes were "more harmful than expected" to users' health.

A recent U.S. study showed that teens and young adults who"vape" are more likely to graduate to smoking combustiblecigarettes than those who do not.

The market for e-cigarettes is growing fast around the worldas conventional smoking declines in response to massive publichealth campaigns and high sin taxes imposed on the practice.

Tobacco companies, including BAT, Philip Morris, Imperial Tobacco and Japan Tobacco, areall jostling for position in the emerging vaping market, whichcould top $7 billion in size this year.

The Netherlands will ban advertising of the devices when thenew law comes into force in May 2016. E-cigarettes will besubject to new safety requirements and their packaging will haveto carry health warnings.

The Netherlands, known for its relaxed attitude towards theconsumption of soft drugs, is one of few countries left inEurope where it is still permitted to smoke indoors in certainbars.

(Reporting By Anthony Deutsch, writing by Thomas Escritt,editing by Jeremy Gaunt)

More News
8 Jun 2015 17:31

Imperial Tobacco Wins District Court Approval For Reynolds American Deal

Read more
8 Jun 2015 16:06

Reynolds-Lorillard merger clears final hurdle, judge okays brand transfer

WASHINGTON, June 8 (Reuters) - Reynolds American Inc on Monday cleared the final hurdle for its roughly $27.4 billion purchase of smaller rival Lorillard Inc as a federal judge approved its request to sell several cigarette brands. The companies expect to close on June 12, they said in a p

Read more
8 Jun 2015 12:52

Tobacco companies' profit growth to improve modestly, says Moody's

Tobacco companies' underlying business model remains strong and the suspension of share buybacks will help alleviate the pressure on leverage resulting from ongoing foreign exchange volatility, according to Moody's. In a report to clients on Monday, the ratings agency, which has a stable outlook on

Read more
3 Jun 2015 15:47

UPDATE 1-Ukraine drops WTO action against Australian tobacco-packaging laws

(Adds background, detail) By Tom Miles GENEVA, June 3 (Reuters) - Ukraine has suspended a case it was pursuing through the World Trade Organization aimed at overturning Australia's strict tobacco packaging laws, a WTO panel of adjudicators said in a statement published on Wednesday.Read more

3 Jun 2015 14:01

Ukraine suspends WTO action against Australian tobacco laws

GENEVA, June 3 (Reuters) - Ukraine has suspended World Trade Organization litigation that aimed to overturn Australia's strict tobacco packaging laws, according to a communication from the panel of WTO adjudicators published by the WTO on Wednesday. Ukraine asked the panel to suspend procee

Read more
3 Jun 2015 13:24

FTSE 100 movers: supermarkets, tobacco and mining stocks rebound

UK stocks were trading higher on Wednesday afternoon, led by gains in the construction, food retail and engineering sectors. As of 14:30 BST, the FTSE 100 was trading 0.46% points higher at 6,960. Morrisons and Sainsbury extended gains, following Tuesday's positive sentiment from Kantar Worldpanel,

Read more
3 Jun 2015 11:09

WINNERS & LOSERS: Royal Mail, TUI Buoyed By Chairman News

Read more
2 Jun 2015 16:07

LONDON MARKET COMMENT: Miners Up, Tobacco Stocks Down In Weak Close

Read more
2 Jun 2015 16:00

London close: Stocks lower on mixed messages from Greece

London stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb

Read more
2 Jun 2015 14:00

FTSE 100 movers: British American Tobacco fizzles, metals miners strong

London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo

Read more
2 Jun 2015 10:15

WINNERS & LOSERS: Wolseley Leads FTSE 100 After Strong Third Quarter

Read more
2 Jun 2015 10:02

BUZZ-Tobacco stocks: Canadian court ruling weighs

** British American Tobacco (BAT) down 2.3 pct, bottom of FTSE 100 & at 3.5-wk lows ** Co's Canadian subsidiary & 2 other tobacco cos sentenced to pay >C$15 bln in damages to Quebec smokers in two related class action cases ** Peer Imperial Tobacco (IMT) 6th-biggest UK blue-chip falle

Read more
2 Jun 2015 09:43

LONDON MARKET COMMENT: Stocks Broadly Lower But Pound Boosted By Data

Read more
2 Jun 2015 07:57

Tuesday broker round-up

British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.

Read more
2 Jun 2015 05:44

CORRECT: PRESS: BAT Among Firms In Canada Smoker Judgement - BBC

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.