JB Hi-Fi Shares Drop 12% Following July Sales Downturn Amid Record Profit Report

LIVEMarkets rolling coverageStarted: August 17, 2026, 3:40 AM EDTUpdated: August 18, 2026, 2:41 AM EDT Nicotine pouches become a bigger profit bet for Big Tobacco August 18, 2026, 2:15 AM EDT. Nicotine pouches are becoming a bigger earnings driver for Philip Morris and British American Tobacco as cigarette volumes decline. BAT expects industry pouch revenue to rise from £4 billion in 2025 to £11 billion by 2030, while its pouch volumes across Asia, the Middle East and Africa grew 27.5% to about 700 million units in the first half of 2026. Philip Morris has said its U.S. pouch business generated