U.K. Tobacco Stocks Slide on Government Plain Packaging Review
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Imperial Tobacco Group Plc and British American Tobacco Plc fell in London after the U.K. reversed its position on plain cigarette packs, announcing a review of how the policy is working abroad.
Imperial fell as much as 3.2 percent, while BAT slid as much as 1.7 percent after Health Minister Jane Ellison said the U.K. will assess the subject, only four months after the government postponed plans to introduce plain packaging.