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The group has said: We typically seek an overall internal rate of return in excess of 13 per cent across the investments we make in order to support our investment choices and underpin returns for shareholders. Everything is pointing to Imperials debt-funded acquisition strategy leading to the somewhat average ROCE which I cant say justifies the 10% dividend yield

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Even with closed shutters, the facade remains permeable to air

But many tobacco users in China and India are unaware of their increased risk of developing heart disease and stroke, making it urgent to step up awareness campaigns, it said

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