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Sunday, May 24, 2026

Tobacco giant sees sunset for US cigarette business

The maker of Lucky Strike and Pall Mall cigarettes says its smoking business in the US is dying out. British American Tobacco (BAT) wrote off £25bn ($31.5bn) in value due to the changed outlook for brands such as Newport and Camel. The move cut the brands’ worth by more than a third, and sent the …

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