Plain Packaging

Comment from Connor Campbell, a senior market analyst at www.spreadex.com

 

With Philip Morris blasted by the International Permanent Court of Arbitration for attempting ‘an abuse of rights’ by trying to get graphic cigarette packing banned in Australia the company today stated they would not contest the verdict. This appeared to send its stock 1% lower this afternoon, though given the wider state of the market it is hard to ascertain how much impact the news has actually had.

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