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 [...]
British American Tobacco to put its first quitting aid Voke on the market August 23, 2015 British American Tobacco’s (BAT) first anti-smoking product, Voke, will arrive in shops at the end of the year, marking a victory for BAT over its rivals such as Imperial Tobacco who have similar products in development. BAT was granted regulatory approval in 2014 by the Medicines and Healthcare Products Regulatory Agency (MHPRA). The product will [...]
Cigarette plain packaging war heating up as new Australian study due for release August 16, 2015 The tobacco industry has hit back at the government’s plan to enforce plain packaging for cigarettes, warning that the ruling will cause a rise in counterfeits being smuggled into the UK. As legal battles rage between the UK government and British American Tobacco, this latest challenge comes after it was revealed yesterday that an official [...]
British American Tobacco in €550m Croatian deal to buy TDR from Adris Grupa June 1, 2015 British American Tobacco (BAT) is set to extend its reach into the Balkans after the cigarette giant agreed to purchase TDR from Croatia’s Adris Grupa yesterday for €550m (£394m). BAT, which last year had a global market share of 12 per cent in tobacco products, said it will benefit from TDR’s strong brand presence in [...]
Cigarette plain packaging could leave UK government with £11bn legal bill March 11, 2015 Tobacco giants last night warned that the government could be landed with a huge legal bill, after plain packaging for cigarettes came a step closer yesterday with a vote in parliament backing the move. British American Tobacco (BAT) confirmed that if the House of Lords gives its final approval to the proposals next week, it [...]
Ireland passes plain packaging of tobacco law as UK anticipates legal battle March 3, 2015 The Republic of Ireland has become the first country in the EU to pass a law requiring the plain packaging of cigarettes. The bill, which must be signed by the country's President, makes Ireland only the second country in the world to remove branding from tobacco products. The packaging will be dark and plastered with [...]
Tobacco sales at British American beat market dip February 26, 2015 British American Tobacco (BAT), the world’s second largest tobacco firm, yesterday reported better-than- expected sales for the year, gaining a bigger share of a shrinking market. The London-based company reported revenues over 2014 fell 8.4 per cent to £13.97bn. On average, analysts had expected the figure to drop to £13.89bn, according to Reuters data. The [...]
UK cigarette maker British American Tobacco mulls Souza Cruz bid February 23, 2015 British American Tobacco (BAT) is weighing up an offer for the remaining stake in Souza Cruz, Brazil’s largest cigarette company. London-based BAT – the maker of Pall Mall and Dunhill cigarettes – is the current majority shareholder but hopes to acquire the remaining 24.7 per cent of the company. Any offer would be made at [...]