Cigarette giant British American Tobacco lures more new vaping customers so far this year than all of 2020 December 7, 2021 Cigarette giant British American Tobacco (BAT) said this morning it has seen around 3.6m new customers start using its vaping, heated tobacco and oral products in the first nine months of this year, more than in all of 2020. The business said that its non-combustible products, which include those three types, had 17.1m customers at [...]
British American Tobacco lifts guidance as smokers switch to less harmful products June 8, 2021 British American Tobacco (BAT) has raised its full-year revenue guidance after the cigarette maker’s focus on new products such as e-cigarettes paid off. The world’s second-biggest cigarette maker, which owns brands such as Dunhill and Lucky Strike, said its revenue will grow by more than five per cent, exceeding its original three to five per [...]
SFO closes investigation into British American Tobacco January 15, 2021 The Serious Fraud Office (SFO) has closed its investigation into British American Tobacco (BAT), its subsidiaries and associated persons. The SFO said the evidence in the case did not meet the evidential test for prosecution. According to the BBC, BAT, which owns brands Lucky Strike and Pall Mall, was under investigation over allegations it paid [...]
British American Tobacco appoints new chairman October 15, 2020 British American Tobacco has announced that Luc Jobin will succeed Richard Burrows as the company’s chairman. Jobin, a former chief executive Canadian National Railway Company and Imperial Tobacco Canada, will take over from Burrows at BAT’s annual general meeting in April next year. The Canadian first joined BAT’s board in 2017 as a non-executive director. [...]
British American Tobacco lifts guidance after pandemic burn is less than feared December 9, 2020 British American Tobacco has raised its full-year revenue guidance after the hit to cigarette demand from the pandemic was less than feared. The world’s second-biggest cigarette maker, which owns brands such as Dunhill and Lucky Strike, said its revenue hit from the Covid-19 crisis will be 2.5 per cent, down from an earlier estimate of [...]
The FTSE 100 stocks that have turned £100 into £30k over the past 40 years January 3, 2024 As the FTSE 100 celebrates its fortieth birthday, City A.M. looks back at what invested should have invested in when the index first launched in 1984.
British American Tobacco beats half-year profit forecasts July 31, 2020 British American Tobacco (BAT) smashed half-year profit expectations for as premium cigarette sales soared and it enjoyed strong demand for vaping products in the US, it said today. The figures The Lucky Strike brand owner posted an 18.8 per cent jump in pre-tax profit to £4.59bn for the six months to the end of June. [...]
BAT, Imperial Brands shares slide after Sunak reveals smoking crackdown October 4, 2023 The share prices of major tobacco companies slid today after Prime Minister Rishi Sunak announced new proposals to crack down on smoking.
BAT: Lucky Strike maker has 900,000 new customers in vape and e-cigarette shift June 6, 2023 Lucky Strike maker British American Tobacco has seen its share price jump this morning after its new chief executive predicted a three – five per cent rise in organic revenue this year thanks to its decision to ramp up investment in cigarette alternatives. Its shares rose 1.26 per cent when markets opened this morning, as [...]
BAT: Lucky Strike maker reaps rewards of vape shift with 1.5m new customers as profit nears £6bn July 26, 2023 Lucky Strike maker British American Tobacco (BAT) has seen dramatic revenue growth in its ‘new categories’ division thanks to its acceleration of investment in ever-more popular cigarette alternatives. Its revenue from vaping and tobacco-free products hit £1.6bn, a 29 per cent increase from the first half of 2022, and BAT said it is making “good [...]