FX a drag at British American Tobacco

Cigarettes and tobacco maker British American Tobacco (BAT) said it has made a 'good start to 2013' after managing to increase revenues in the first quarter despite a slip in volumes.

Cigarettes and tobacco maker British American Tobacco (BAT) said it has made a 'good start to 2013' after managing to increase revenues in the first quarter despite a slip in volumes.

Revenues grew by 5.0% at constant exchange rates in the three months to March 31st, which Chief Executive Nicandro Durante said was "good" amidst a backdrop of "fragile economic conditions persisting in many parts of the world".

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