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 [...]
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 [...]
Secretive billionaire Kenneth Dart builds £5bn stakes in Big Tobacco April 29, 2021 A reclusive billionaire known for so-called vulture fund investments has built stakes worth nearly £5bn in two of the world’s largest tobacco companies. Cayman Islands-based Kenneth Dart, who is heir to a US foam cups empire, has built a seven per cent stake in British American Tobacco and snapped up three per cent of rival [...]
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 [...]
SFO closes investigation into British American Tobacco January 15, 2021 The Serious Fraud Office (SFO) has closed its investigation into British American Tobacco (BAT), its subsidiaries and associated persons. The SFO said the evidence in the case did not meet the evidential test for prosecution. According to the BBC, BAT, which owns brands Lucky Strike and Pall Mall, was under investigation over allegations it paid [...]
British American Tobacco lifts guidance after pandemic burn is less than feared December 9, 2020 British American Tobacco has raised its full-year revenue guidance after the hit to cigarette demand from the pandemic was less than feared. The world’s second-biggest cigarette maker, which owns brands such as Dunhill and Lucky Strike, said its revenue hit from the Covid-19 crisis will be 2.5 per cent, down from an earlier estimate of [...]
British American Tobacco appoints new chairman October 15, 2020 British American Tobacco has announced that Luc Jobin will succeed Richard Burrows as the company’s chairman. Jobin, a former chief executive Canadian National Railway Company and Imperial Tobacco Canada, will take over from Burrows at BAT’s annual general meeting in April next year. The Canadian first joined BAT’s board in 2017 as a non-executive director. [...]
BAT warns of coronavirus pandemic revenue blow June 9, 2020 British American Tobacco (BAT) reduced its full-year revenue forecast today as a result of coronavirus, predicting a three per cent hit from the pandemic. The cigarette giant said it now expects revenue growth of between one and three per cent in 2020, compared to growth in the low end of a previous prediction of three [...]
Watchdog blasts British American Tobacco’s Lily Allen Instagram vaping posts December 18, 2019 British American Tobacco (BAT) is one of four vaping companies to have their Instagram posts banned by the Advertising Standards Authority (ASA). The posts saw celebrities like Lily Allen promoting e-cigarettes, something that is banned on social media. Read more: Watchdog puts BAT in sights as it weighs clampdown on e-cigs Posts including BAT nicotine [...]