Market Report: London Drags but Tobacco Is Smokin'

Summary


London shares returned from the holiday weekend in lacklustre form despite gains by tobacco stocks.

Imperial Tobacco led the FTSE 100 Index risers as investors welcomed the decision of the Court of Session in Edinburgh to reject Margaret McTear's bid to sue the firm following the death of her husband Alfred from lung cancer in 1993.

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Market Report: London Drags but Tobacco Is Smokin'

The ruling sent shares in Imperial up three per cent or 38p to 1489p and rival cigarette maker Gallaher also cheered 161/1p to 848p.

But this was not...

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