Why British American Tobacco is campaigning for higher taxes on vapes retail The Build a Better Tomorrow plan is designed to reduce the health impact of the BAT business by offering customers around the world a choice of less risky products.
British American Tobacco investors hope to cash in on pivot to vape sales BAT Investors will be hoping Lucky Strike maker British American Tobacco (BAT) has stubbed out historic misconduct issues and is cashing in on its pivot to vapes and e-cigarettes. The FTSE 100-listed giant will give an update on its progress with a new boss at the helm when it unveils its trading update on Tuesday. The [...]
British American Tobacco kicks off buyback as company looks to boost flagging share price tobacco Under the buyback plan, BAT plans to repurchase £1.6bn worth of its ordinary shares, with £700m slated for 2024 and £900m to follow in 2025.
British American Tobacco investors call on new chief to launch ‘aggressive’ share buybacks May 23, 2023 Investors in British American Tobacco (BAT) are reportedly calling on its new chief executive to launch an “aggressive” share buyback programme to accelerate the return of capital to shareholders and boost the cigarette maker’s dwindling share price, which has fallen 18 per cent since the start of this year. BAT launched a £2bn stock repurchase [...]
British American Tobacco to pay over £512m in North Korea sanctions case April 25, 2023 British American Tobacco has agreed to pay more than $635m (£512m) to US authorities after a subsidiary pleaded guilty to charges that it conspired to violate US sanctions by selling tobacco products to North Korea and commit bank fraud, a US court filing and the company said on Tuesday. The tobacco sales at the heart [...]
British American Tobacco completes long-awaited exit from Russia, just 18 months late September 7, 2023 Around 2,500 people are employed in Russia, where the firm has 75 regional offices and a manufacturing facility.
British American Tobacco doubles down on vaping as smoking industry shrinks December 8, 2022 British American Tobacco (BAT), one of the world’s largest cigarette suppliers, has doubled down on its new categories such as vaping as the tobacco industry shrinks. The London-listed company’s revenue has grown in the past few months, despite the public in both Europe and the US leaning away from smoking. The shift away from smoking [...]
British American Tobacco appoints new chief executive as as analysts predict something’s ‘not right’ at BAT May 15, 2023 British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019. Bowles, who also joined the board in 2019, has led the maker of [...]
Shares dip for British American Tobacco as Supreme Court clear vape ban December 13, 2022 Shares dipped for British American Tobacco this morning after the US Supreme Court blocked an emergency request to put the ban of flavoured tobacco on hold. The court cleared the way for the state of California to push ahead with a voter-approved ban, rejecting a plea from British American Tobacco (BAT)’s Reynolds unit. The arm, [...]
British American Tobacco slumps to £15.7bn loss as higher impairment charge on US brands wipes out profit February 8, 2024 British American Tobacco has said the size of its writedown on the value of its US brands has increased to £27.3bn.