Woodford and Barnett Hit as Tobacco Stocks Slump

British American Tobacco and Imperial Brands' share prices fell on Monday morning after weekend reports the US Food and Drug Administration is considering banning menthol cigarettes

David Brenchley 12 November, 2018 | 1:10PM
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Cigarettes Tobacco Stocks

Tobacco stocks sunk to the bottom of the FTSE 100 leaderboard on Monday morning, after a weekend report that the US Food and Drug Administration (FDA) may ban the sale of menthol cigarettes.

After UK markets had closed on Friday, the Wall Street Journal reported the potential for a ban that could come into effect in around two years’ time. It could take over a year for such a ban to be finalised, the WSJ said, and another for it to become effective.

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David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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