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Imperial Brands shares highest since pandemic struck
Tobacco company Imperial Brands, which produces the Winston and Davidoff brands, has said that it had increased market share in its core five markets, which include the UK and account for about 70% of its profits, lifting shares to their highest since the pandemic struck.
Group adjusted revenue rose 0.3% to almost £3.5 billion in the six months to the end of March and adjusted operating profit was 2.9% higher at £1.6 billion.
Chief executive, Stefan Bomhard, said that consumers had largely returned to pre-pandemic habits, particularly with travel-related sales, and that Imperial could afford to launch a share buyback, which was a “question of when, not if”.
Source: The Times, 18 May 2022
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Theory to reality: targeting health inequality in the North East
Speaking to the Hospital Times, Julie Gillon, Chief Executive of North Tees and Hartlepool NHS Trust and Senior Responsible Officer (SRO) for Health Inequalities for the North East and North Cumbria Integrated Care System discusses the impact of health inequalities and how to tackle them:
Julie highlights the challenges that health inequalities pose for healthcare services in the North East: “life expectancy for men in the region is comparable to that of men in the 1950s.” She argues that despite all the attention given to health inequalities, understanding of what health inequalities mean to the individual remains poor.
Julie identifies “Making every contact count (MECC)” as a critical approach to tackling health inequality but warns that the public must be informed about the impact of health behaviours such as smoking, alcohol, diet, and physical activity for MECC to be effective. She calls on health providers to improve the way health inequality is communicated as an issue, both internally and externally.
Julie argues, behavioural approaches which address health behaviours in a practical way, are the key to reducing the burden on the healthcare system and reducing health inequalities overall.
As ICSs approach statutory footing on July 1, Julie highlights the concerns as to whether ICS “governance frameworks and leadership accountabilities will be there to ensure ICSs can tackle a problem of the scale and complexity of health inequality.” She concludes that: “It is down to us all to help drive this forward and correct the national injustice of health inequality.”
Source: Hospital Times, 17 May 2022
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US: San Diego bans flavoured tobacco products beginning 1 January 2023
San Diego City Council officially passed an ordinance on Tuesday, 17 May, to ban the sale of flavoured e-cigarettes and tobacco products , including menthol, throughout the city, effective 1st January 2023.
The move, spearheaded by Councilwoman Marni von Wilpert, follows similar actions in cities in California such as Imperial Beach, Encinitas and Solana Beach, along with San Diego County for unincorporated areas. It also comes months before a state-wide referendum tackling the issue in November.
The council passed the first reading of the issue in April. This second vote makes the ordinance law. The ordinance does not apply to the sale of shisha, premium cigars or loose-leaf tobacco and unflavoured or tobacco-flavoured e-cigarettes, as well as FDA-approved cessation devices that will also be exempt from the ban.
"I thank my colleagues for standing with me to stop Big Tobacco from addicting an entire new generation of youth on tobacco products by officially approving the SAAFE Act," von Wilpert said.
Source: KPBS, 17 May 2022
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