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BAT starts to find recession is a drag
28.10.09
British American Tobacco has had a good recession, but sales growth seems to be slipping, figures for the third quarter of the year show.
The cigarette giant behind Dunhill and Lucky Strike said trading is on the slide in Japan, Russia, Brazil, Italy and South Africa.
Chief executive Paul Adams said: “Our consumers are clearly finding the current economic conditions difficult as unemployment continues to rise. This has led to a softening of our volumes.”
