Advertisement
UK markets close in 6 hours 19 minutes
  • FTSE 100

    8,097.47
    +57.09 (+0.71%)
     
  • FTSE 250

    19,726.07
    +6.70 (+0.03%)
     
  • AIM

    755.04
    +0.35 (+0.05%)
     
  • GBP/EUR

    1.1673
    +0.0028 (+0.24%)
     
  • GBP/USD

    1.2520
    +0.0057 (+0.46%)
     
  • Bitcoin GBP

    51,266.77
    -1,766.47 (-3.33%)
     
  • CMC Crypto 200

    1,358.56
    -24.01 (-1.74%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    82.97
    +0.16 (+0.19%)
     
  • GOLD FUTURES

    2,339.60
    +1.20 (+0.05%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    18,001.75
    -86.95 (-0.48%)
     
  • CAC 40

    8,061.63
    -30.23 (-0.37%)
     

British American Tobacco results hurt by forex

LONDON, July 30 (Reuters) - British American Tobacco Plc (LSE: BATS.L - news) reported lower revenue and profit for the six months ended June 30, hurt by the strong British pound and a slight decline in volume.

The world's No. 2 tobacco company by sales, whose brands include Pall Mall and Lucky Strike, said adjusted earnings fell 9 percent to 2.7 billion pounds ($4.57 billion). At constant exchange rates, earnings rose 4 percent.

Revenue also fell 10 percent to 6.8 billion pounds. Excluding the impact of currency, revenue rose 3 percent.

Volume, which measures the number of cigarettes sold, fell 0.4 percent. (1 US dollar = 0.5903 British pound) (Reporting by Martinne Geller in London, editing by Louise Heavens)