ASH Daily News for 10/11/2003
HEADLINES
ASH, 102 Clifton Street, LONDON, EC2A 4HW.
Tel 020 7739 5902 Fax 020 7613 0531
ASH Daily News
10 November 2003
HEADLINES
Tobacco tax may rise
Smoking and binge drinking blamed for rise in oral cancers
Smoked out of Burma, BAT builds in Tehran
Sanctions on Burma and BAT
Italy studies BAT deal
FULL TEXT
Tobacco tax may rise
Gordon Brown’s move to switch the Bank of England’s inflation target this year could open the way for him to impose steep increases in “sin taxes” on cigarettes, alcohol and petrol, according to today’s Times.
Leading City analysts gave warning last night that the technical move under which the bank will adopt a new EU inflation target, could give the chancellor leeway to raise an extra £4.5bn in tax duties. The move could mean 5p on a litre of petrol, 11p on a bottle of wine, 3p on a pint of beer, 55p on a bottle of spirits and 30p on a packet of 20 cigarettes.
Full article:
http://business.timesonline.co.uk/printFriendly/0,,2020-9068-888777,00.html
Source: The Times, 10 November 2003
Smoking and binge drinking blamed for rise in oral cancers
Binge drinking combined with smoking is causing oral cancer in men and women as young as 20, according to a new study.
The rise in heavy drinking and smoking among young people - particularly women - has led to a surge in the incidence of mouth cancer for people in their 20s and 30s, according to researchers from King's College London.
Scientists believe that tobacco smoke mixed with alcohol produces dangerous levels of cancer-causing chemicals that attack the lining of the mouth.
Oral cancer cases have risen by 17 per cent over the past four years - a faster rate than for any other major cancer.
Full article linked from:
http://www.tobacco.org/news/142735.html
Source: Daily Telegraph, 9 November 2003; Daily Mail, 9 November 2003
Smoked out of Burma, BAT builds in Tehran
British American Tobacco, which last week bowed to political pressure and pulled out of Burma's oppressive regime, is to build a factory in the Iranian capital Tehran
The owner of Lucky Strike and Kent cigarettes is shipping machinery to Tehran and expects it to be operational by the first quarter of 2004.
The move is part of a continuing alliance with the Iranian Tobacco Company (ITC), first announced last year with an initial investment of $30m (£18m). BAT makes and distributes its Montana brand from an ITC plant but is seeking to switch production to a wholly owned facility. When operational, BAT expects the plant to produce around three billion cigarettes a year. It will retain its joint venture with ITC to distribute cigarettes.
Full article:
http://news.independent.co.uk/business/news/story.jsp?story=461846
Source: The Independent on Sunday, 9 November 2003
Sanctions on Burma and BAT
The leader in Financial Times looks at BAT’s decision to sell of its assets in Burma, effectively ceasing operations in the country - warning not to expect dramatic results from BAT’s withdrawal.
The article says that BAT’s decision does not really tell us much about the state of ethics in Western boardrooms or the effectiveness of sanctions. Burma was an easy sacrifice to make for a company eager to show that it is on the side of angels.
Full article:
http://search.ft.com/search/article.html?id=031110000959
Source: 10 November 2003
Italy studies BAT deal
British American Tobacco’s acquisition of Ente Tabacchi Italiani is to be investigated by the Italian authorities because it may allow BAT and Philip Morris to dominate the market.
Italy’s antitrust regulator said late Friday that the purchase, valued at €2.32 billion, would give BAT and Philip Morris more than 80 percent of Italy’s cigarette market, valued at €13bn. The investigation is expected to take as long as 45 days.
Source: Bloomberg, 10 November 2003
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Tel 020 7739 5902 Fax 020 7613 0531
ASH Daily News
10 November 2003
HEADLINES
Tobacco tax may rise
Smoking and binge drinking blamed for rise in oral cancers
Smoked out of Burma, BAT builds in Tehran
Sanctions on Burma and BAT
Italy studies BAT deal
FULL TEXT
Tobacco tax may rise
Gordon Brown’s move to switch the Bank of England’s inflation target this year could open the way for him to impose steep increases in “sin taxes” on cigarettes, alcohol and petrol, according to today’s Times.
Leading City analysts gave warning last night that the technical move under which the bank will adopt a new EU inflation target, could give the chancellor leeway to raise an extra £4.5bn in tax duties. The move could mean 5p on a litre of petrol, 11p on a bottle of wine, 3p on a pint of beer, 55p on a bottle of spirits and 30p on a packet of 20 cigarettes.
Full article:
http://business.timesonline.co.uk/printFriendly/0,,2020-9068-888777,00.html
Source: The Times, 10 November 2003
Smoking and binge drinking blamed for rise in oral cancers
Binge drinking combined with smoking is causing oral cancer in men and women as young as 20, according to a new study.
The rise in heavy drinking and smoking among young people - particularly women - has led to a surge in the incidence of mouth cancer for people in their 20s and 30s, according to researchers from King's College London.
Scientists believe that tobacco smoke mixed with alcohol produces dangerous levels of cancer-causing chemicals that attack the lining of the mouth.
Oral cancer cases have risen by 17 per cent over the past four years - a faster rate than for any other major cancer.
Full article linked from:
http://www.tobacco.org/news/142735.html
Source: Daily Telegraph, 9 November 2003; Daily Mail, 9 November 2003
Smoked out of Burma, BAT builds in Tehran
British American Tobacco, which last week bowed to political pressure and pulled out of Burma's oppressive regime, is to build a factory in the Iranian capital Tehran
The owner of Lucky Strike and Kent cigarettes is shipping machinery to Tehran and expects it to be operational by the first quarter of 2004.
The move is part of a continuing alliance with the Iranian Tobacco Company (ITC), first announced last year with an initial investment of $30m (£18m). BAT makes and distributes its Montana brand from an ITC plant but is seeking to switch production to a wholly owned facility. When operational, BAT expects the plant to produce around three billion cigarettes a year. It will retain its joint venture with ITC to distribute cigarettes.
Full article:
http://news.independent.co.uk/business/news/story.jsp?story=461846
Source: The Independent on Sunday, 9 November 2003
Sanctions on Burma and BAT
The leader in Financial Times looks at BAT’s decision to sell of its assets in Burma, effectively ceasing operations in the country - warning not to expect dramatic results from BAT’s withdrawal.
The article says that BAT’s decision does not really tell us much about the state of ethics in Western boardrooms or the effectiveness of sanctions. Burma was an easy sacrifice to make for a company eager to show that it is on the side of angels.
Full article:
http://search.ft.com/search/article.html?id=031110000959
Source: 10 November 2003
Italy studies BAT deal
British American Tobacco’s acquisition of Ente Tabacchi Italiani is to be investigated by the Italian authorities because it may allow BAT and Philip Morris to dominate the market.
Italy’s antitrust regulator said late Friday that the purchase, valued at €2.32 billion, would give BAT and Philip Morris more than 80 percent of Italy’s cigarette market, valued at €13bn. The investigation is expected to take as long as 45 days.
Source: Bloomberg, 10 November 2003
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Public subscribers: http://www.ash.org.uk/?unsubscribe
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