Smokers will continue to smoke after an initial dip and we see the overall effect as minimal,

Effective cash management has again added to the earnings delivery and our share buyback program will continue while we seek value-creating acquisitions,

This is another strong set of results and I am particularly pleased with the continued improvement in our cigarette volumes.

In the absence of acquisitions we could spend our annual free cash flow of around 450 million pounds on share buybacks,

We are delighted that Steve will be staying with the club.

I feel very sorry for your victims. It will be some small consolation that they can get two thirds of their money back. You are a crook, you are in prison, and that is where you deserve to be.