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.
Vape firms warned Labour will ‘come down like tonne of bricks’ October 11, 2023 A Labour government will “come down like a tonne of bricks” on vaping firms marketing products to children under 18, Wes Streeting has said. The shadow health secretary accused the vape industry of seeking to “addict a generation” and suggested appealing flavours like “rainbow burst” were designed to attract kids. Delivering his speech at Labour [...]
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.
‘Quit smoking’ message could be put inside cigarette packs August 14, 2023 ‘Quit smoking’ messages could be added to the inside of cigarette packs under draft proposals being considered by the government. The inserts would set out the health and financial benefits of giving up and signpost advice and support available to those trying to quit smoking, the Department of Health (DHSC) said. A consultation launched on [...]
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 [...]
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 [...]
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 [...]
BAT: Lucky Strike maker has 900,000 new customers in vape and e-cigarette shift June 6, 2023 Lucky Strike maker British American Tobacco has seen its share price jump this morning after its new chief executive predicted a three – five per cent rise in organic revenue this year thanks to its decision to ramp up investment in cigarette alternatives. Its shares rose 1.26 per cent when markets opened this morning, as [...]
British American Tobacco investors hope to cash in on pivot to vape sales June 2, 2023 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 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 [...]