FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]
FTSE 100 ends its worst year since the financial crash in the red December 31, 2018 The UK's FTSE 100 blue-chip index ended its worst year since the 2008 financial crisis in the red, as a strong pound pulled down exporter shares. The FTSE 100 lost 0.1 per cent in trading on the last day of 2018, while the FTSE 250 added 0.2 per cent after a rally on Friday when they both closed [...]
Formula One teams face battle to keep attracting lucrative sponsors as major revenue stream takes hit December 13, 2018 The sponsorship landscape has changed significantly for Formula One teams over the past decade or so and it has been a change for the worse for most involved. Revenue from sponsors has decreased by a quarter since 2007, falling from $1.01bn to $772.5m last season, according to data compiled by Formula Money. In fact, there [...]
British American Tobacco maintains full-year guidance December 12, 2018 British American Tobacco (BAT) today backed its full-year guidance, saying plans to deleverage the business remain on track. The tobacco firm, which owns cigarette brands such as Dunhill and Lucky Strike, said it will exceed its high single-figure earnings per share growth, despite a six per cent currency impact. In a trading update BAT said [...]
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 [...]