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BAT warns e-cigarette sales growth to hit low end of target

Alice Hancock in London

British American Tobacco, the maker of Dunhill and Lucky Strike cigarettes, has warned that a looming crackdown on e-cigarettes will hit revenues this year even as it increased income from traditional tobacco. In an update on Wednesday, the FTSE 100 company said that revenues from its “new category” products, which include heated tobacco devices and e-cigarettes, would be at the lower end of its targeted 30-50 per cent growth range at constant currencies.