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“Smokers will continue to smoke after an initial dip and we see the overall effect as minimal,”
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“In the absence of acquisitions we could spend our annual free cash flow of around 450 million pounds on share buybacks,”
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“Effective cash management has again added to the earnings delivery and our share buyback program will continue while we seek value-creating acquisitions,”
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“This is another strong set of results and I am particularly pleased with the continued improvement in our cigarette volumes.”
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