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29.07.2013 07:28:00
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British American Tobacco plc -- Moody's: Slowing operating profit growth likely to keep European tobacco industry outlook stable till 2015
Milan, July 29, 2013 -- The outlook for the European tobacco industry will remain stable over the next 12-18 months, reflecting an expected slowing of operating profit growth to around 4.5%-5.5% versus the previous expectation of 7% growth, says Moody's in its latest Industry Outlook report on the sector published today. Moody's changed the outlook for the European tobacco industry to stable from positive in June 2013.
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