Production of cars in the UK fell by almost a fifth in November compared with a year earlier, according to the industry’s trade body.

The Society of Motor Manufacturers and Traders (SMMT) blamed weaker demand in the UK and in export markets.

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Marlboro cigarette maker Altria is buying a $12.8bn (£10bn) minority stake in vaping company Juul Labs.

The huge investment reveals the urgency in which the tobacco industry is seeking to recast itself to meet changing social demands- something we’ll hear more of soon in an interview with Imperial Brands CFO Oliver Tant.