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Poster presented at the 11th World Conference on Tobacco OR Health, Chicago, IL, August 2000

For instance, knowing which companies have large exposure to the vaping industry could help you steer clear of those names if the e-cigarette industry has another negative headline

Menthol in cigarettes disguises harsh flavor, making it attractive for beginners who experiment with cigarettes and ultimately become addicted

Kochiadakis G.E., Igoumenidis N.E., Hamilos M.E., et al

Bowles added: With leverage within our target range and expectations for c.40bn of free cash flow before dividends over the next five years we will continue to invest in a faster transformation and deliver strong returns to shareholders