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"While new categories are resulting in improved volume performance, we are concerned at the margin drag that will result." Looking ahead, the group, whose brands include Dunhill, Lucky Strike and Velo, reaffirmed its outlook for 2026

In this context it is important to note that the study presented here was not designed to capture gender-specific effects not gender differences, therefore these observations should be considered as trends that require further validation

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Farmers needed support, and into the vacuum stepped contract schemes, mostly by Chinese agribusinesses such as Tian Ze

And they are not available in non-tobacco variants

Our simple recommendation: Most investors should start with ESGU or ESGV as their core ESG holding