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Chief executive André Calantzopoulos warned that the firm faces “significant currency headwinds … Calantzopoulos said the advent of e-cigarettes and other “reduced-risk” products means the tobacco industry is at “the early stage of a transformational process”.Philip Morris reckons it could make 0 million of profit from “reduced-risk” products if it can reach a target of selling 30 billion units.The start-up employs 40 sales staff and distributes to 20,000 stores in Britain. The company reveals few financial details but it had amassed shareholder funds of £7.7 million by August 2013, according to Companies House. The deal comes as Philip Morris, the world’s biggest tobacco firm, cut its profits forecast by about 4 per cent to between .87 and .97 per share on poor sales and price-cutting in Australia.The stock fell nearly 2 per cent in trading on the German stock market.

Vertx Plus If you’re just making the switch from smoking tobacco cigarettes to vaping, choosing the right vape pen kit to get yourself off to an easy start is key.

Luckily, the VERTX Plus kit is the perfect choice thanks to its user-friendly design, high-quality performance and clever features that make this one of the best products for new vapers on the market today.

This device has re-imagined the traditional cig-a-like and brought it bang up to date with its futuristic LED touchscreen that allows you to control your voltage to customise your vape.

This ensures that new vapers have everything they need to get started with their vaping experience right out of the box.

Easy to use, the V2 Classic kit is one of the best electronic cigarette choices for beginners.

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