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"British American Tobacco s decision to stick to its plan of a 65% pay-out ratio for its dividend in 2020 means investors wont be coughing and spluttering too badly after todays mild profit warning, but they may still feel the need to clear their throat rather nervously after the FTSE 100s move to trim back sales and earnings per share growth forecasts, says Russ Mould, AJ Bell Investment Director

Eccentric Company: Chandi Heffner to Butler Bernard Lafferty In her golden years, Duke surrounded herself with a menagerie of characters

A spokeswoman for Reynolds American said the company would submit evidence countering FDAs proposal

It typically sets out the rules of how the system may be used, and what will happen in the event of non-compliance with these rules