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and lower finance costs related to FII GLO of 30 million (2024: 61 million)

How long does it take to get a tobacco license in Texas

Looking ahead, both companies should be wary of the Food and Drug Administration's current moves against the tobacco industry -- which include tighter regulations of nicotine levels and a potentially tougher approval process for e-cigarettes and other "alternative" smoking products like iQOS

The team, from University College London and Cancer Research UK, say theirs is an observational study, and therefore cannot prove direct cause and effect

"The majority of risk associated with cigarettes comes from the burning of tobacco and not the nicotine," says a BAT spokesperson