What's happened
The UK tobacco industry responds to government plans to phase out cigarette sales, with tobacco companies rebounding in the stock market and Imperial Brands announcing a buyback.
Why it matters
The government's plan to phase out cigarette sales in the UK has significant implications for the tobacco industry and public health, leading to a surge in stock market activity and a shift in business strategies.
What the papers say
The Independent reports on the smoking prevalence in the UK and the impact of the government's plan on the tobacco industry. The Times provides insights into Imperial Brands' response to the government's plan and its impact on the stock market. The Independent and The Times offer contrasting perspectives on the tobacco industry's reaction to the government's plan, with The Independent focusing on smoking prevalence and The Times highlighting the stock market response.
How we got here
The government's announcement to phase out cigarette sales in the UK has led to a surge in stock market activity and a shift in business strategies within the tobacco industry.
More on these topics
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Imperial Brands plc, formerly Imperial Tobacco Group plc, is a British multinational tobacco company headquartered in Bristol, England.
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northÂwestern coast of the European mainland.