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British American Tobacco expects annual revenue growth to be at the top of its forecast range, after the pandemic delivered a smaller-than-expected blow to the industry.

A collapse in duty-free sales at airports has hit the FTSE 100 company, but overall demand for cigarettes during the Covid-19 crisis has proved resilient.

As a result, the £66bn company said on Wednesday that adjusted revenue growth for the financial year will be at the upper end of the 1 to 3 per cent range it has forecast. [...]