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BUZZ-Swedish Match: Dives as FDA plans actions on flavoured cigars

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of Swedish snuff and cigar maker fall 8 pct, on track for their worst day in 6 yrs

** A trader says media reports on FDA saying that some actions on flavoured cigars should be expected may be the reason behind the share plunge

** Bloomberg reports that FDA Commissioner Scott Gottlieb called menthol a "significant problem" at an event hosted by the Washington Post on Tuesday, ahead of an expected announcement of plans to restrict the use of some flavours, including menthol, in tobacco products [https://bloom.bg/2z6iZ4s ]

** Gottlieb also said FDA would take action on flavoured cigars-per Bloomberg

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** The potential regulation regarding flavours in cigars is already posted in the Unified Agenda as a prerule [https://bit.ly/2OHqSCh ]

** Shares in British American Tobacco (Kuala Lumpur: 4162.KL - news) down 3.9 pct, Imperial Brands (LSE: IMB.L - news) down 2.6 pct, extending losses from Monday