|Bid||38.66 x 0|
|Ask||39.00 x 0|
|Day's range||38.36 - 39.70|
|52-week range||37.00 - 51.54|
|PE ratio (TTM)||13.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
British American Tobacco , the world's biggest international tobacco company, expects its "next generation products" to generate revenue of over 1 billion pounds next year, doubling from more ...
British American Tobacco said on Thursday it has reorganized its regional management structure to integrate the next generation products business following the completion of the Reynolds American Inc acquisition. ...
Tobacco company Philip Morris International amassed an order book of US$2.4bn for its US$1.25bn investment-grade bond deal on Monday, leaving the trade slightly less than twice covered. The sector's second deal in as many weeks - after the recent US$17.25bn offering from rival British American Tobacco (Kuala Lumpur: 4162.KL - news) - left some feeling oversupplied, one bond buyer said. "We just had a big tobacco deal," he told IFR.
By Mike Gambale and Eleanor Duncan NEW YORK, Aug 8 - British American Tobacco brought the second-largest bond of the year to market on Tuesday, but found overstuffed investors were a bit tougher on pricing ...
By Eleanor Duncan NEW YORK, Aug 8 - British American Tobacco on Tuesday launched a US$17.25bn investment-grade bond to help fund its purchase of Reynolds American. The offering was roughly two-times covered, ...
Investors will try to exert pricing pressure on British American Tobacco (Kuala Lumpur: 4162.KL - news) next week when it seeks to raise an expected US$25bn-equivalent of bonds in the US and European markets in the middle of corruption probes and tobacco sector turmoil. BAT has announced two days of investor calls from August 7 for what has been one of the most highly anticipated bond deals of the year, as it aims to fund its US$49bn purchase of Reynolds American. The company was slated to issue the bonds at the end of July, sources told IFR, following its results announcement and shareholders meeting.
British American Tobacco (Kuala Lumpur: 4162.KL - news) 's plans for a jumbo multi-currency debt sale, expected this week, have likely been scuppered after the company suffered a fresh blow of corruption allegations on Tuesday. The news of the investigation followed an announcement on Friday from the US Food and Drug Administration (FDA) of plans to reduce nicotine levels in cigarettes and explore measures to move smokers toward e-cigarettes. The company was planning to issue a euro, sterling and US dollar-denominated jumbo bond for its US$49bn purchase of Reynolds American (NYSE: RAI - news) at the end of July, sources told IFR.
British American Tobacco said on Tuesday that Britain's Serious Fraud Office has opened a formal investigation into possible historic misconduct by the company in Africa. The maker of tobacco brands including ...
Forecast-beating profits at HSBC and strong gains for miners on the back of a two-year high in copper prices lifted European shares on Monday while the dollar edged up off 13-month lows against other major currencies. Wall Street looked set to open higher, according to stock index futures . HSBC, Europe's biggest bank, unveiled a 5-percent rise in profits in the first six months of this year and its third share buyback in a year, underlining progress in its turnaround plan.
British American Tobacco (Kuala Lumpur: 4162.KL - news) said on Friday it was not surprised by the U.S. Food and Drug Administration's announcement that it plans to reduce nicotine levels in cigarettes. In a major regulatory shift announced on Friday that sent shares of traditional cigarette companies plunging, the FDA said it aims to reduce nicotine levels in cigarettes while exploring measures to move smokers toward e-cigarettes.
** Option trading volume heats up on major tobacco cos as their shares fall after the U.S. Food and Drug Administration took aim at cigarette nicotine levels ** FDA aims to reduce nicotine levels in cigarettes ...
It's one of those days that investors, analysts and financial journalists detest. No fewer than 13 members of the FTSE 100 published their half year results on Thursday - while a couple of dozen more from the FTSE 250, the mid-cap index, were also reporting. Because so many companies have December year-ends, the half-year finishes in June, after which public companies are required to report their results.
British American Tobacco reported higher first-half sales and profits on Thursday, helped by the weak British currency, but also saw declining volume as people continue to smoke less. The maker of tobacco ...
Veteran UK investor Neil Woodford's 10 billion pound ($12.97 billion) equity income fund has sold its stake in British American Tobacco (Kuala Lumpur: 4162.KL - news) after strong performance, although it has kept its stake in Imperial Brands, the fund said. "We have recently disposed of the holding at over 50 pounds per share," the fund said in a blog published on Friday, adding that tobacco has been the best performing sector in the UK stock market in the last 20 years. The fund was keeping its position in Imperial Brands (LSE: IMB.L - news) as it said it remains undervalued, while "the valuation opportunity elsewhere in the sector has largely played out".
British American Tobacco (Kuala Lumpur: 4162.KL - news) said on Wednesday it continued to perform "very well" and was trading in line with its expectations. BAT, home to the Lucky Strike and Dunhill cigarette brands, said it continued to record market share growth and noted that profit growth was expected to be weighted to the second half of the year, reflecting the phasing of volume shipments, product investment and marketing spend.
Tobacco company Imperial Brands has named an expert in medicinal cannabis to its board of directors, it said on Tuesday, the latest example of tobacco companies moving beyond their traditional products. ...
The United Nations agency called for the tobacco industry to compensate for its products that contribute to greenhouse gases blamed for climate change, but gave no estimate of damage. The ecological footprint goes far beyond the effects of cigarette smoke, the WHO said in its first report on tobacco's impact on the environment.
Britain's Imperial Brands (LSE: IMB.L - news) , the fourth-largest international tobacco company, remains committed to its pursuit of e-cigarettes as the best alternative to smoking, but could pivot quickly with a heated tobacco product within months if proved wrong, a senior executive said on Wednesday. "Our belief is that the opportunity in e-vapour remains bigger than the opportunity in heated tobacco," said Matthew Phillips, Imperial's chief development officer. "I'm yet to see the kind of traction outside Japan that would make me change that view and start following a heated tobacco strategy more proactively," Phillips said on a conference call with analysts following the company's half-year results.
British American Tobacco (Kuala Lumpur: 4162.KL - news) said on Wednesday that trading so far this year was in line with expectations for challenging conditions in a number of key markets. The company, in the process of buying out Reynolds American (NYSE: RAI - news) and on course to become the world's biggest listed tobacco company, said this year's profit growth will be weighted toward the second half of the year, as it was in 2016. "I am confident of another good year of constant currency earnings growth," Chairman Richard Burrows said at the company's annual general meeting, according to a statement.
Britain's Supreme Court has denied the tobacco industry permission to appeal a new plain packaging law, meaning that from next month, as planned, all tobacco products sold in the United Kingdom will have dark brown packaging and no branding. The decision, announced by the court on Wednesday, is in line with an earlier decision made last year that dismissed appeals brought by British American Tobacco (Kuala Lumpur: 4162.KL - news) , Japan Tobacco International and Imperial Brands (LSE: IMB.L - news) .
British American Tobacco said on Wednesday it had agreed with Bulgarian cigarette maker Bulgartabac to acquire some of its leading cigarette brands in a deal worth more than 100 million euros . BAT said ...
Imperial Brands (LSE: IMB.L - news) , the world's fourth-biggest tobacco company, repeated its full-year forecast on Thursday, saying first-half performance was on track to meet expectations, helped by foreign exchange gains. The maker of Winston, Gauloises and other cigarette brands said revenue and earnings per share were expected to be up strongly for the six months ending March 31, driven by a 13 to 14 percentage point benefit from currency translation. Jefferies analysts said it would have been a big shock if Imperial had not stood by its forecast, given that it had already called for a particularly weak period, with organic earnings before interest and tax (EBIT) down by a high single-digit rate.
British American Tobacco (Kuala Lumpur: 4162.KL - news) wants to double the number of countries where it sells vaping products this year and again in 2018, it said on Thursday, as it chases rivals Philip Morris International (IOB: 0M8V.IL - news) to grab a share of a growing market. BAT and Philip Morris were the first of the big tobacco firms to invest in cigarette alternatives a few year back, as growing health consciousness reduces traditional smoking.