British American Tobacco, the giants who own Lucky Strike, Pall Mall and Rothmans have launched an audacious $47bn bid to buy its US partner Reynolds American. Reynolds American is the second biggest American tobacco company behind the worldâ�...

Despite proposed tax hikes and numerous anti-smoking campaigns that have seen cigarette use decline in the US, it appears that investors are snapping up tobacco shares. California’s proposal to triple the tax on a single pack of cigarette...