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Bronwyn King

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World's largest insurer divests tobacco stocks for 'moral reasons'


The world's largest insurer, French company AXA, is planning to divest tobacco stocks worth more than $2.5 billion. This will make it the first of the major insurance companies to divest its portfolio of tobacco stocks. The company says its selling out of tobacco for moral reasons, despite stocks remaining a lucrative investment. And it's...

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