British American Tobacco projects strong year despite US vaping slowdown November 27, 2019 British American Tobacco (BAT) said today it expected a strong 2019, despite being hit by a slowdown in the US vaping markets amid a health scare and regulatory crackdown. The cigarette-maker, which owns brands such as Lucky Strike, Camel and Rothmans, said it expected a “strong financial performance on an adjusted basis” in a pre-close [...]
British American Tobacco shares jump after US shelves tough regulations November 21, 2019 Shares in British American Tobacco have surged this morning after US regulators shelved plans to force tobacco firms to slash the amount of nicotine in cigarettes. The proposal was unveiled by the US Department of Health and Human Services two years ago, but was put on hold yesterday, according to a regulatory document. Read more: [...]
The UK’s biggest mining and energy businesses may need to wean themselves off China February 3, 2023 In this guest opinion piece, Daniel Dalton, former Conservative MEP and former CEO, British Chamber of Commerce to the EU, writes that Britain’s firms need to deal with China with their eyes wide open Encouraged by successive governments, British companies have spent many years courting China, its resources and its huge, increasingly affluent population. British [...]
FTSE 100 today: London markets set to open lower as rate cut anxiety weigh May 30, 2024 Rate cut anxiety triggers Asian stock slump, mirroring Wall Street. Salesforce drops 15%. Focus shifts to US Q1 GDP and Auto Trader.
London markets turn to cigarettes and gold as geo-politics panics February 14, 2022 It appears investors in the blue-chip index were resorting to gold and cigarettes today, as London markets grapple with the declining geo-political landscape.
British American Tobacco to axe 2,300 jobs as it focuses on vaping September 12, 2019 British American Tobacco (Bat) is slashing 2,300 jobs across the company as it seeks to simplify its business and re-invest in vaping under its new CEO. Over 20 per cent of senior roles will disappear in the cull, said chief executive Jack Bowles, who added that the swathe of redundancies was “vital” to boost sales [...]
E-cigarette demand boosts sales for British American Tobacco August 1, 2019 Demand for e-cigarettes boosted first half sales for British American Tobacco (BAT), mitigating the decline in demand for traditional smoking products. The figures Revenue in the first half rose 4.6 per cent to £12.17bn. Read more: Dividend star British American Tobacco gets cheaper The Lucky Strike and Pall Mall owner said profit from operations slumped [...]
Tobacco stocks in the red on UK’s £40m cigarette butt cleaning plan March 30, 2021 Tobacco stocks slipped into the red today after the government unveiled plans to slap manufacturers with the £40m annual cost of cleaning up cigarette butts. In a statement this morning junior environment minister Rebecca Pow said the UK was looking at how tobacco firms could be “held fully accountable for the unsightly scourge of litter [...]
Firms called on to ban social media influencers promoting nicotine products November 8, 2021 A coalition of over 100 global health and anti-smoking groups have called for companies to stop social media influencers promoting nicotine products, according to reports. Following a swathe of endorsements by social media influencers of a type of flavoured nicotine pouch, produced by British American Tobacco (BAT), the group wrote a letter to the chief [...]
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]