ASH Daily News for 03 June 2015



HEADLINES

  • Wales passes smoking ban in cars
  • As BAT is hit with a £5.5bn fine, is now the time to stub out tobacco shares?
  • Scotland: Aberdeen shopping centre bans smoking outdoors
  • USA: California Senate votes to raise smoking age to 21 from 18
  • Ghana urged to ratify protocol on illicit trade in tobacco products

    Wales passes smoking ban in cars

    Smoking in a car where children are present will be made illegal in Wales after Assembly Members passed landmark legislation.

    The new law will come into effect on 1 October 2015 to coincide with a similar law in England.
    AMs ratified the Welsh Government policy by a majority of 46 to 1.

    The Health Minister Mark Drakeford said there was compelling evidence against the dangers of second hand smoke and the new law would help protect children’s health.

    Source: Bicester Advertiser, 3 June 2015
    Link: http://bit.ly/1FtsaWj

    As BAT is hit with a £5.5bn fine, is now the time to stub out tobacco shares?

    Following the record fine of £5.5 billion issued to BAT as a result of the Canadian litigation journalist Holly Black for Money Mail asks whether it’s time to disinvest from tobacco stocks.

    Shares in BAT fell 2.4 per cent yesterday, and closed at £35.06 on the day. BAT has seen its share price rise from £21.43 to £35.06 over the past five years, while Imperial Tobacco’s has shot up from £26.69 to £32.10 a share in the past year.

    Some 148 of the funds available to UK investors have BAT in their ten biggest investments, while 121 have large amounts of cash in Imperial Tobacco.

    It’s not yet clear whether BAT will pay the fine as it is seeking to appeal. Ian Forrest, research analyst at The Share Centre, said: “It’s a case of wait and see for investors. The fine is potentially significant but BAT seems fairly confident it will be overturned on appeal.”

    Source: Thisismoney.com (Daily Mail) 3 June 2015
    Link: http://bit.ly/1IbHWZ9

    Scotland: Aberdeen shopping centre bans smoking outdoors

    An Aberdeen shopping mall has taken action to stub out smoking on the pavement area outside the shopping complex.  The ban came into force outside the Bon Accord and St Nicholas centre yesterday.

    Employers and health chiefs hailed it a positive step – and said it would improve the retail experience for all shoppers.

    Source: Aberdeen Journal, 2 June 2015
    Link: http://bit.ly/1GimVyn

    USA: California Senate votes to raise smoking age to 21 from 18

    The California Senate voted on Tuesday to raise the legal smoking age in the most populous U.S. state to 21 from 18.

    If it becomes law, the bill, which must still be approved by the state Assembly, would make California one of the first states to approve a higher smoking age.

    The California Senate voted 26-8 in favour of the measure, the office of bill author Senator Ed Hernandez, a Democrat, said in a statement.

    Hawaii lawmakers approved a measure in April to raise the smoking age to 21, and that is awaiting the state governor’s signature. No other state has a smoking age that high, but a few including Alabama and Utah set it at 19.

    Source: The Oregon Herald, 3 June 2015
    Link: http://bit.ly/1Mk6HUA

    Ghana urged to ratify protocol on illicit trade in tobacco products

    The Ghana Country Director of the World Health Organization (WHO), Dr Magda Robalo, has urged the Ghanaian government to ratify the protocol to eliminate illicit trade in tobacco products.

    She also asked the government to take concrete steps to implement its provisions, saying that it would help protect the country from the financial, legal, social and health impacts of illicit trade in tobacco products.

    Dr Robalo was speaking at an event to mark the 2015 World No Tobacco Day.

    Source: SpyGhana.com 2 June2015
    Link: http://bit.ly/1M45eRv