Axa, one of the largest insurance companies in the world, will stop investing in the tobacco industry, it has announced. The international firm which has more than 10 million customers in the UK has also pledged to sell investments worth more than 1.8 billion euros (£1.4 billion). Incoming chief executive Thomas Buberl told the BBC it "makes no sense" for the company to continue investing in the industry. Last week, tobacco companies started selling cigarettes in standardised green packaging bearing graphic warnings of the dangers of smoking, under new rules designed to prevent young people taking up the habit. Tobacco giants also failed in a last-ditch legal challenge against the Govern... [Read more]