FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Up in smoke: Tobacco shares fall as investors panic over a possible menthol ban November 12, 2018 Cigarette shares plummeted today as investors responded to reports that the US Food and Drug Administration (FDA) is planning to crack down on menthol cigarettes. British American Tobacco (BAT) shares suffered the most, diving by nearly 10 per cent in early trading, while Imperial Brands saw shares fall four per cent. News about a potential menthol ban that [...]
British American Tobacco warns of earnings hit thanks to currency headwinds October 16, 2018 Full year earnings growth at British American Tobacco (BAT) is set to fall seven per cent due to currency headwinds, the cigarette company said in a trading update today. However, the FTSE 100 firm said its next generation products division, including vaping and heated tobacco products, will grow by double digits to reach £900m in [...]
FTSE tobacco giants see share prices fall as US agency seizes documents from e-cigarette firm October 4, 2018 London-listed tobacco giants suffered a dip on the stock market this morning, as investors wobbled amid the news that a US federal agency is starting to flex its muscle over e-cigarette companies. Shares prices in British American Tobacco and Imperial Brands have dived 2.4 per cent and 1.6 per cent respectively on the FTSE so far today, as [...]
No smoke without fire in BAT boardroom, Vereker charms the CBI and Nationwide’s 10x deal September 21, 2018 No prizes for guessing what the directors of British American Tobacco (BAT) are smoking – it’s all about next-generation products these days. Still, the owner of Lucky Strike and Dunhill believes there’s enough life in its core portfolio to sound an optimistic note about the future of the business under its next chief executive. Like [...]
British American Tobacco boss to step down within next year September 19, 2018 The chief executive of British American Tobacco will step down in the next year as the sector struggles with share price decline and slowing sales growth, according to reports. Nicandro Durante will leave the company after seven years in the top job, Sky News reported this evening, and is likely to be replaced by an [...]
British American Tobacco to put its first quitting aid Voke on the market August 23, 2015 British American Tobacco’s (BAT) first anti-smoking product, Voke, will arrive in shops at the end of the year, marking a victory for BAT over its rivals such as Imperial Tobacco who have similar products in development. BAT was granted regulatory approval in 2014 by the Medicines and Healthcare Products Regulatory Agency (MHPRA). The product will [...]
Cigarette plain packaging war heating up as new Australian study due for release August 16, 2015 The tobacco industry has hit back at the government’s plan to enforce plain packaging for cigarettes, warning that the ruling will cause a rise in counterfeits being smuggled into the UK. As legal battles rage between the UK government and British American Tobacco, this latest challenge comes after it was revealed yesterday that an official [...]
British American Tobacco in €550m Croatian deal to buy TDR from Adris Grupa June 1, 2015 British American Tobacco (BAT) is set to extend its reach into the Balkans after the cigarette giant agreed to purchase TDR from Croatia’s Adris Grupa yesterday for €550m (£394m). BAT, which last year had a global market share of 12 per cent in tobacco products, said it will benefit from TDR’s strong brand presence in [...]
Cigarette plain packaging could leave UK government with £11bn legal bill March 11, 2015 Tobacco giants last night warned that the government could be landed with a huge legal bill, after plain packaging for cigarettes came a step closer yesterday with a vote in parliament backing the move. British American Tobacco (BAT) confirmed that if the House of Lords gives its final approval to the proposals next week, it [...]