Edition:
United Kingdom

British American Tobacco PLC (BATS.L)

BATS.L on London Stock Exchange

2,978.50GBp
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

SA's Competition Tribunal Conditionally Approves Twisp-British American Tobacco Deal
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - South Africa's Competition Tribunal::CONDITIONALLY APPROVED ACQUISITION OF TWISP (PTY) LTD (TWISP) BY BRITISH AMERICAN TOBACCO.APPROVAL OF TWISP - BRITISH AMERICAN TOBACCO DEAL SUBJECT TO RANGE OF COMPETITION AND EMPLOYMENT CONDITIONS.EMPLOYMENT CONDITION SAYS BATSA, TWISP WILL NOT BE ALLOWED TO RETRENCH EMPLOYEES IN CONTEMPLATION OF MERGER FOR 2 YEARS.  Full Article

British American Tobacco Expects Revenue Growth To Accelerate In Second Half
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - British American Tobacco PLC ::H1 REVENUE ROSE 4.6 PERCENT TO 12.17 BILLION STG.H1 ADJUSTED DILUTED EPS 146.9 PENCE.HY TOTAL CIGARETTE AND THP VOLUME DECLINED IN LINE WITH INDUSTRY*, DOWN 3.5% TO 336 BILLION STICKS.HY STRATEGIC CIGARETTE AND THP INCREASED VOLUME SHARE BY 60 BPS.IN 2019, ON TRACK TO BE AROUND MIDDLE OF GUIDANCE RANGE OF 30-50% NEW CATEGORIES REVENUE GROWTH/ANNUM EXCLUDING FOREX IMPACT.HY REVENUE INCREASED 4.6% TO £12,170 MILLION.ON TRACK TO DELIVER ANOTHER GOOD FINANCIAL PERFORMANCE IN 2019.EXPECT REVENUE GROWTH TO ACCELERATE IN SECOND HALF OF YEAR.HY REVENUE INCREASED 4.6% TO £12,170 MILLION.NEXT QUARTERLY DIVIDEND PAYMENT OF 50.75P PER SHARE WILL BE PAID IN AUGUST 2019.HY PROFIT FROM OPERATIONS, ON A REPORTED BASIS, WAS DOWN 1.3% AT £4,380 MILLION.NEXT QUARTERLY DIVIDEND PAYMENT OF 50.75P PER SHARE WILL BE PAID IN AUGUST 2019.TOO EARLY TO PREDICT OUTCOMES OF ONGOING INVESTIGATION BUT COULD INCLUDE PROSECUTION OF INDIVIDUALS &/OR OF A GROUP CO/COS.ACCORDINGLY, POTENTIAL FOR FINES, PENALTIES OR OTHER CONSEQUENCES CANNOT CURRENTLY BE ASSESSED.AS INVESTIGATION IS ONGOING, IT IS NOT YET POSSIBLE TO IDENTIFY TIMESCALE IN WHICH THESE MATTERS MIGHT BE RESOLVED.CONSIDERS RISK RELATING TO ADVERSE CONSEQUENCES OF BREXIT, CURRENTLY DOES NOT DEEM IT TO BE A PRINCIPAL RISK FOR GROUP.ON TRACK TO DELIVER GOOD FINANCIAL PERFORMANCE IN 2019 WITH HIGH SINGLE FIGURE ADJUSTED EARNINGS GROWTH, AT CONSTANT RATES OF EXCHANGE.  Full Article

BAT says oper margin growth in rest of 2019 will be at same levels as in H1
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - British American Tobacco PLC Executive::IN U.S., VUSE FAMILY OF PRODUCTS GREW MARKET SHARE BY 5 PERCENT POINTS IN H1 COMPARED TO SAME PERIOD LAST YEAR."THE VAPOUR CATEGORY IN U.S. IS VERY IMPORTANT AND WE ARE CONTINUING TO DO VERY WELL IN THAT".DONT SEE OPERATING MARGIN "SIGNIFICANTLY ACCELERATING" IN 2019, BUT WILL MAINTAIN LEVELS OF ABOUT 100 BPS GROWTH AS SEEN IN H1.HAVE NOT SEEN A LOT OF DEVELOPMENT IN U.S. REGULATION AROUND MENTHOL CIGARETTES AND NICOTINE PRODUCTS.WE ARE QUITE COMFORTABLE WITH WHERE THINGS STAND WITH MENTHOL AND NICOTINE REGULATION IN U.S..  Full Article

Tobacco Industry Players Gear Up To Oppose British American Tobacco/TWISP Merger
Wednesday, 15 May 2019 

May 15 (Reuters) - British American Tobacco PLC ::S.A. COMPETITION TRIBUNAL - GOLD LEAF TOBACCO, PHILLIP MORRIS SOUTH AFRICA TO APPROACH TRIBUNAL TO INTERVENE IN PROPOSED BATS SOUTH AFRICA-TWISP DEAL.  Full Article

Imperial Tobacco Canada Says It Obtains Creditor Protection
Tuesday, 12 Mar 2019 

March 12 (Reuters) - British American Tobacco PLC ::IMPERIAL TOBACCO CANADA SAYS IT OBTAINS CREDITOR PROTECTION.IMPERIAL TOBACCO CANADA-OBTAINED INITIAL ORDER FROM ONTARIO SUPERIOR COURT OF JUSTICE GRANTING IT PROTECTION UNDER COMPANIES' CREDITORS ARRANGEMENT ACT.IMPERIAL TOBACCO CANADA SAYS PROTECTION WILL ENABLE COMPANY TO CONTINUE TO OPERATE IN NORMAL COURSE.  Full Article

Staffing 360 Solutions Re-Signs Largest Client To Multi-Year Contract
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Staffing 360 Solutions Inc ::STAFFING 360 SOLUTIONS RE-SIGNS LARGEST CLIENT TO MULTI-YEAR CONTRACT.STAFFING 360 SOLUTIONS - 1 OF ITS UK BUSINESSES HAS RE-SIGNED BRITISH AMERICAN TOBACCO TO PROVIDE RESOURCE PROCESS OUTSOURCING AND STAFFING SERVICES.STAFFING 360 SOLUTIONS - 1 OF ITS UK BUSINESSES HAS RE-SIGNED BRITISH AMERICAN TOBACCO TO PROVIDE RESOURCE PROCESS OUTSOURCING AND STAFFING SERVICES.  Full Article

British American Tobacco Says Holly Koeppel To Chair Audit Committee
Monday, 14 Jan 2019 

Jan 14 (Reuters) - British American Tobacco PLC ::BOARD COMMITTEE CHANGES.HOLLY KELLER KOEPPEL, NON-EXEC DIRECTOR, WILL ASSUME ROLE OF CHAIRMAN OF AUDIT COMMITTEE.LUC JOBIN WILL JOIN AUDIT COMMITTEE AND STEP DOWN FROM REMUNERATION COMMITTEE.MARION HELMES WILL JOIN REMUNERATION COMMITTEE AND STEP DOWN FROM AUDIT COMMITTEE.KOEPPEL WILL SUCCEED KIERAN POYNTER.  Full Article

British American Tobacco says CEO Nicandro Durante Informed Board His Intention To Retire On 1 April 2019
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - British American Tobacco PLC ::NICANDRO DURANTE HAS INFORMED THE BOARD OF HIS INTENTION TO RETIRE ON 1 APRIL 2019.BOARD HAS IDENTIFIED A LEAD CANDIDATE TO SUCCEED NICANDRO; WILL MAKE A FURTHER ANNOUNCEMENT IN DUE COURSE.  Full Article

British American Tobacco CEO Nicandro Durante Is Preparing To Step Down - Sky News
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - :CHIEF EXECUTIVE OF BRITISH AMERICAN TOBACCO NICANDRO DURANTE IS PREPARING TO STEP DOWN - SKY NEWS.  Full Article

BAT CEO comments on next-gen products
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - British American Tobacco Plc ::BRITISH AMERICAN TOBACCO CEO SAYS IS ENCOURAGED BY FDA'S POSITION ON NEXT GENERATION PRODUCTS.BRITISH AMERICAN TOBACCO CEO SAYS ABOUT HALF OF 2018 US CORPORATE TAX BENEFIT TO BE REINVESTED IN NEXT-GENERATION PRODUCTS.BRITISH AMERICAN TOBACCO CEO SAYS SAVINGS FROM REYNOLDS DEAL ARE FLOWING THROUGH FASTER THAN ANTICIPATED.BRITISH AMERICAN TOBACCO CEO SAYS ON TRACK TO DELIVER COST SYNERGIES OF $400 MILLION.BAT CEO SAYS SUBSTANTIAL EQUIVALENCE APPLICATION FOR CARBON TIPPED PRODUCT ACCEPTED BY FDA AND MOVED TO SCIENTIFIC REVIEW.BAT CEO SAYS AWAITS FINAL DECISION FROM FDA AROUND MID-YEAR.BAT CEO SAYS ON TRACK TO SUBMIT SUBSTANTIAL EQUIVALENCE APPLICATION TO FDA FOR GLO THIS MONTH.BAT CEO SAYS EXPECTS CAPACITY OF GLO TO BECOME UNCONSTRAINED BY THE SECOND QUARTER.BAT CEO SAYS ON TRACK FOR VAPING BUSINESS TO BREAK EVEN THIS YEAR.BAT CEO SAYS EXPECTS GLO TO REACH ANNUALIZED CAPACITY FOR 25 MILLION UNITS BY END OF YEAR.  Full Article

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FTSE 100 falls after Fed minutes, pound rally

London's FTSE 100 fell on Thursday as the latest signals from the U.S. Federal Reserve dampened hopes of hefty interest rate cuts, while exporter stocks slipped as the pound rose after German Chancellor Angela Merkel's comments on the Brexit deal.