Imperials Brands Stocks Fall Due to UK E-cigarette Tax
According to a report by the UK media outlet Standard, British tobacco stocks have been affected by the tax on e-cigarettes. The UK's FTSE 100 index fell slightly by 1.28 points, or 0.02%, to 7683.02 points.
Empire Brand experienced the largest drop in stock price of the day, falling by approximately 5%. Reports have suggested that the UK government is considering announcing a new tax on e-cigarettes in next week's budget announcement.
According to analysis, this recent drop did not have a significant impact on the overall market trend. Despite the minor decline, it does reflect the subtle changes in the current market.
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