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 [...]
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 opens £30m research centre in UK as part of drive for ‘smokeless future’ March 11, 2024 BAT has opened a £30m 'innovation centre' in the UK as it looks to ramp up development and production of its vaping and smokeless products.
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Ex BAT chief handed £1.5m lump pension payout after exit from Lucky Strike maker June 12, 2023 The former head of British American Tobacco (BAT) will be handed a £1.5m lump pension payout following his surprise exit from the cigarette company last month. Jack Bowles departed the Luck Strike maker last month following four years at the helm – he was replaced by former finance director of the group Tadeu Marroco. At [...]
Gerry Murphy: Who is Tesco’s new chair? July 2, 2023 Two months after Tesco’s former chair John Allan stepped down following allegations of sexual misconduct the ‘Big Four’ grocer has appointed boardroom heavyweight Gerry Murphy to fill the role. Dr. Murphy, an Irish businessman, is already the chairman of luxury fashion brand Burberry and sugar manufacturing business Tate & Lyle, however will step down from [...]
FTSE 100 close: London dragged lower by Astrazeneca, DS Smith soars after takeover rumours February 8, 2024 Shares in Astrazeneca, the biggest company listed in London, dropped 6.3 per cent even after reporting an increase in revenue in 2023.
BAT shakes up top team as it ploughs ahead with growth through cigarette alternatives June 19, 2023 Lucky Strike maker British American Tobacco (BAT) has shaken up top level management with a string o senior appointments – including a new chief operating officer. The rejuvenation of its top team follows the departure of the group’s ex chief executive Jack Bowels who was replaced by Tadu Marroco. Marroco, the firm’s former finance director [...]
BAT boss shuns shareholder calls to relist in New York July 31, 2023 The boss of British American Tobacco (BAT) has rejected calls from a top shareholder to relist in New York, stating that moving across the pond was “not a top priority” and a “very simplistic view.” Speaking to the Times, Tadeu Marroco, who was appointed chief executive of the firm following the sudden departure of former [...]
How a little-known vaping group went from nothing to sales of $1bn in just two years March 9, 2024 How has a vaping group reached $1bn in sales in only its second year?