Philip Morris International (PMI) reported impressive fourth-quarter results, surpassing market expectations thanks to robust sales of smoke-free products like vapes and nicotine pouches. The tobacco giant posted a 7.3% year-on-year revenue increase, reaching $9.71 billion for the quarter ending December 31, 2024. This figure comfortably exceeded the consensus forecast of $9.44 billion.
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The City of Vincent, an inner-city council located just 3km from Perth’s CBD, is contemplating the expansion of smoke-free zones as a response to the worrying increase in vape popularity. The council, which banned smoking in five town centres in late 2022, now considers vaping to be more prevalent than traditional cigarette smoking.
Read moreThe UK government has introduced the Tobacco and Vapes Bill, a groundbreaking legislation aimed at creating a smoke-free nation and tackling the growing concern of youth vaping. This comprehensive bill encompasses a wide range of measures designed to phase out the sale of tobacco products, regulate the advertising and sponsorship of vapes and nicotine products, and strengthen enforcement activities.
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