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Analysts at Stifel and Barclays praise the firms operational discipline and consistent earnings growth, noting that the company has delivered on the smoke-free promise more convincingly than any rival. PMIs share price has risen steadily as investors reward the company for higher margins in reduced-risk products, strong cash flow, and a clear strategic direction

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Iranian strikes have been reported in Saudi Arabia, where officials said a fire at an oil refinery is under control, and at a major gas processing plant in Qatar

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