Revenue climbs for British American Tobacco as cigarette alternatives start to pay off July 27, 2022 Revenue climbed 45 per cent to £12.8bn for British American Tobacco as the company continues to pivot towards cigarette alternatives.
British American Tobacco narrows losses for cigarette alternatives as it invests £1bn in vapes and reduced risk products June 9, 2022 Vogue cigarette maker British American Tobacco reported slow revenue growth this morning, up two per cent.
British American Tobacco shareholders see light at the end of the tunnel as demand picks up February 11, 2022 British American Tobacco (BAT) has started to reap the rewards of its transition into new products such as vaping, as the global tobacco industry looks to shrink 2.5 per cent this year. While total revenue slipped 0.4 per cent to £25.6bn in comparison with 2020, the tobacco giant’s revenue from new categories swelled more than [...]
British American confirms plan to launch buyback after Indian partner stake sale March 12, 2024 British American Tobacco (BAT) is reportedly set to begin a begin a partial sale of its stake in Indian partner ITC as early as this week.
BAT plunges nine per cent after announcing £25bn hit December 6, 2023 British American Tobacco has said 50 per cent of its revenue will come from non-combustible products such as vapes by 2035.
BAT braces for shift to vaping amid tough US market February 4, 2024 Lucky Strike owner British American Tobacco is due to report its full year results on Thursday amid a switch to non-combustible products.
City bribery: British American Tobacco accused of arranging Mugabe bribe September 13, 2021 One of the largest tobacco companies in the world has been accused of bribing Robert Mugabe, the former president of Zimbabwe. City-based British American Tobacco (BAT) was part of negotiations to pay between $300,000 and $500,000 to Zanu-PF, Mugabe’s political party in 2013, according to a BBC Panorama investigation, which will be aired this evening. [...]
British American Tobacco smoking alternatives revenues take off July 28, 2021 British American Tobacco has seen its smoking alternatives take off, as the new products brought in £883m alone and customers increased at their highest rate yet. Its smoking alternatives like vape, tobacco heating and modern oral products brought in more than 40 per cent more revenue in the six months to 30 June than in [...]
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 [...]