All the updated news related to british american tobacco

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City

Lucky Strike firm BAT reveals £957m hit from leaving Russia

Lucky Strike cigarette maker British American Tobacco (BAT) has revealed a 25% fall in half-year earnings after taking a near-£1 billion hit from its move to pull out of Russia. The group reported a £957 million impairment charge related to the ...

27 Jul 2022 at 13:12

British American Tobacco to withdraw from Russia over its invasion of Ukraine

British American Tobacco (BAT) is to offload its Russian business due to the country’s invasion of Ukraine. Shares in the London-listed firm dropped after it reduced its sales forecasts for the year as a result of its withdrawal. The company, ...

11 Mar 2022 at 17:55

City

Lucky Strike-maker British American Tobacco enjoys boost in vape sales

Dunhill, Lucky Strike and Kent cigarette-maker British American Tobacco saw sales of traditional cigarettes fall while the growth of its vaping and non-combustible products soared. The company’s cigarettes remain by far its biggest sellers – ...

11 Feb 2022 at 09:25

City

BAT appoints finance director to top job as boss bows out after four years

Dunhill and Lucky Strike maker British American Tobacco (BAT) has promoted its finance director to the top job as chief executive Jack Bowles steps down after four years. Tadeu Marroco takes on the role from Monday after four years as ...

15 May 2023 at 08:55

City

Lucky Strike maker BAT signs deal to sell Russian business after 18 months

Lucky Strike cigarette maker British American Tobacco (BAT) has signed a deal to withdraw from Russia, 561 days after the country launched its full-scale invasion of Ukraine. The company, which also makes Dunhill, Kent and Pall Mall, ...

07 Sept 2023 at 09:38

Almost £1bn wiped off tobacco firms after Sunak’s smoking crackdown

The UK’s biggest tobacco firms saw almost £1 billion wiped off their shares as they warned that the Government plan to raise the legal age for buying tobacco “threatens significant unintended consequences”. Prime Minister Rishi ...

04 Oct 2023 at 15:45

City

British American Tobacco to pay out £512m to US authorities over North Korea

British American Tobacco (BAT) will pay 635 million dollars (£512 million) to US authorities after a subsidiary entered a guilty plea over historic sanctions violations linked to North Korea. The Dunhill and Lucky Strike maker ...

25 Apr 2023 at 17:53

World

British American Tobacco writes down £25bn as it moves away from cigarettes

Shares in British American Tobacco tumbled on Wednesday after the owner of Camel and American Spirit cigarettes took an impairment charge of about 31.5 billion dollars (£25 billion), mainly related to its struggling US ...

06 Dec 2023 at 20:01

City

BAT takes £25bn charge on US cigarette brands

British American Tobacco (BAT) has said it will book a £25 billion impairment charge on some of its US cigarette brands. Shares in the company slumped by as much as 8% in early trading on Wednesday as a result. The ...

06 Dec 2023 at 10:22

City

BAT slumps to loss on £27.3bn US hit

Lucky Strike and Dunhill firm British American Tobacco has revealed it swung to an annual loss after taking a higher-than-expected charge on its US business. The cigarette and vape group slumped to a pre-tax loss ...

08 Feb 2024 at 08:19

City

Tobacco giant BAT reports ‘disappointing’ US cigarette sales but gains vapers

British American Tobacco (BAT) has hailed gaining 900,000 customers using new products like vapes in its first financial quarter, amid plans to encourage smokers away from traditional cigarettes. But the company ...

06 Jun 2023 at 12:04

City

British American Tobacco investors hope vape sales are heating up under new boss

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 ...

02 Jun 2023 at 13:49

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