BATS.L - British American Tobacco p.l.c.
| Previous close | 2,682.00 |
| Open | 2,686.50 |
| Bid | 2,674.00 x 0 |
| Ask | 2,674.00 x 0 |
| Day's range | 2,648.00 - 2,692.00 |
| 52-week range | 2,336.50 - 3,659.00 |
| Volume | 3,506,659 |
| Avg. volume | 4,054,192 |
| Market cap | 61.096B |
| Beta (3Y monthly) | 1.43 |
| PE ratio (TTM) | 9.92 |
| EPS (TTM) | 268.60 |
| Earnings date | 20 Feb 2019 - 25 Feb 2019 |
| Forward dividend & yield | 2.03 (7.54%) |
| Ex-dividend date | 2019-12-24 |
| 1y target est | 3,825.26 |
- Fool.co.uk
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- Reuters
Reynolds American files for FDA review of e-cigarette
The FDA has set a May 2020 deadline for e-cigarette makers to submit a formal application to keep their products on the market amid its efforts to curb the use of e-cigarette among teens. The Trump administration also outlined plans in September to remove all flavoured e-cigarettes from store shelves, pointing the finger at sweet flavours that had drawn millions of children into nicotine addiction.
- Stockopedia
British American Tobacco (LON:BATS): a high-quality investment?
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- Fool.co.uk
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- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: Europe on the up
* European stocks end higher: STOXX 600 up 0.7% * DAX shrugs off weaker-than-expected German industrial orders * AMS, Osram slide after deal fails * SIG sinks after profit warning, drags building materials stocks with it * Wall Street pare losses after comments from Kudlow on trade Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: EUROPE ON THE UP (1616 GMT) European shares managed to end the session in positive territory with indexes progressively gaining strength in the afternoon after comments from White House economic adviser Larry Kudlow that cooled nerves over the high-level trade talks with China later this week.
- Reuters - UK Focus
LIVE MARKETS-The paradox of Europe's capital goods
* European stocks extend gains: STOXX 600 up 0.8 at session high * DAX shrugs off weaker-than-expected German industrial orders * AMS, Osram slide after deal fails * SIG sinks after profit warning, drags building materials stocks with it Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net THE PARADOX OF EUROPE'S CAPITAL GOODS (1526 GMT) Worries over a manufacturing recession have been running high but shares in European capital goods have done nicely, creating a possible disconnect that investors will have to look into as we go into the Q3 reporting season.
- Reuters - UK Focus
LIVE MARKETS-Fund managers look for Brexit bargains
* European stocks higher: STOXX 600 up 0.5%, FTSE +0.34% * DAX shrugs off weaker-than-expected German industrial orders * AMS, Osram slide after deal fails * SIG sinks 15% after profit warning, drags building materials stocks with it Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net FUND MANAGERS LOOK FOR BREXIT BARGAINS (1428 GMT) The chorus of voices saying now's the time to jump on bargains in the UK stock markets is growing. There is now a little bit of evidence that there has been a warming, albeit small, towards the world's most-shunned equity market.
- Reuters - UK Focus
LIVE MARKETS-D for discontent
* European stocks higher: STOXX 600 up 0.3%, FTSE +0.2% * DAX shrugs off weaker-than-expected German industrial orders * AMS, Osram slide after deal fails * SIG sinks 15% after profit warning, drags building materials stocks with it Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net D FOR DISCONTENT (1206 GMT) Hong Kong, Egypt, Russia, Ecuador, Britain - people are taking to the streets around the globe, raising their voices against threats from eroding civil liberties or climate change to economic inequality.
- Reuters - UK Focus
LIVE MARKETS-Bargain hunting in London
* European stocks turn higher: STOXX 600 up 0.4%, FTSE +0.3% * DAX shrugs off weaker-than-expected German industrial orders * AMS, Osram slide after deal fails Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: rm://julien.ponthus.thomsonreuters.com@reuters.net BARGAIN HUNTING IN LONDON (1127 GMT) European stocks are seen as quite cheap compared to other markets and UK stocks even more so, making them an ideal hunting ground for bargain hunters. "The recent move in sterling and outperformance of domestic shares has also refocused investors on the potential for significant moves under the surface of the UK equity market," analysts at the Swiss bank led by James Arnold write.
- Fool.co.uk
Is the best performing FTSE 100 stock of the last 50 years finally running out of puff?
Harvey Jones says the next 50 years may be tougher on this stock than the last half-century.
- Bloomberg
Taking the Tobacco Out of Imperial Didn’t Fix Its Problems
(Bloomberg Opinion) -- Imperial Brands Plc’s Alison Cooper is stepping down in a cloud of raspberry scented smoke.The timing isn’t surprising. It comes exactly a week after the British-based maker of Davidoff cigarettes and the Blu electronic device, lowered expectations for sales and profits after taking a hit in the U.S. vaping market. The warning brought to a head discussions about the company’s future leadership as the board conducts its search for a successor to Chairman Mark Williamson.Change is clearly needed. The shares of the smallest of the world’s major tobacco companies are roughly back where they were at the start of Cooper’s 9-year watch, having lost more than half of their value since a 2016 peak.Her successor faces a tall order. The new CEO will have to figure out how to make Imperial a strong force in tobacco alternatives. It currently ranks fourth in electronic smoking devices by units sold on a four-week basis. But in the heat-not-burn segment, its Pulze product is a relative newcomer in the Japanese market, where the products have taken hold more quickly than elsewhere. It’s important to have a clear strategy in each segment since no one really knows exactly where the market’s headed.Finding the right path forward won’t be easy, given the crisis engulfing vaping in the U.S., which has prompted efforts by President Donald Trump to ban flavored products and nicotine pads while some retailers including Walmart Inc. have stopped selling e-cigarettes.They must find a way through this. One option would be developing a boarder suite of tobacco alternatives alongside Imperial’s Blu vaping device. Stepping up development in heat-not-burn segment would also be wise.Rival British American Tobacco Plc has hedged its bets, with a presence in both vaping and the heat-not-burn segment. This is a model that Imperial should follow. But this would likely mean more investment.Duncan Fox, an analyst at Bloomberg Intelligence, says Imperial can afford to spend more. First of all, it’s core business of traditional cigarettes — including local brands such as Winston in the U.S. — is cash generative. Plus, its 2 billion-pound ($2.5 billion) asset disposal program and decision to abandon its policy to increase its dividend by 10% annually should give it scope to act.The new chairman must also address corporate governance issues. Bloomberg News reported that investors and analysts had voiced concerns about Imperial’s earnings calculations and strategy.Imperial has long been seen as a takeover target, but it is now particularly vulnerable given the share price weakness and that industry consolidation is back on the agenda, even after Altria Group Inc. and Philip Morris International Inc. called off their merger talks.Japan Tobacco Inc. is often mooted as the likely predator, although it would have to find a way to deal with competition constraints.If the new chairman and chief executive don’t raise their game on alternatives, then someone else might light up even more radical change for them.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters - UK Focus
UPDATE 2-FTSE 100 hits 8-month low as global slowdown fears take hold
Britain's FTSE 100 index touched an eight month low on Thursday after sluggish U.S. services data cemented fears of a global slowdown triggered by a string of weak manufacturing data, while the UK appeared to have tipped into a recession. UK stocks lagged their European peers and Wall Street, with the main index, which suffered its worst one-day drop since before the 2016 Brexit referendum on Wednesday, ending 0.6% lower.
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- Reuters - UK Focus
LIVE MARKETS-Tide turned for beaten-down UK assets... briefly
* China's conciliatory statement boosts European stocks * STOXX 600 +0.7%, FTSE 100 +0.8% * Pearson and Imperial Brands slump on profit warnings * S&P 500 down 0.6% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Don't get too excited.
- Reuters - UK Focus
U.S. House panel asks e-cigarette companies to cease advertising
A U.S. House panel sent letters to four e-cigarette companies asking them to stop all print, broadcast and digital advertising of their products in the United States, the same day as market-leader Juul said it would pull its ads, the panel said on Thursday. The panel's request comes amid an outbreak of lung illnesses across the United States associated with vaping. The U.S. Centers for Disease Control and Prevention has urged people to stop using e-cigarette or vaping products.
- Reuters - UK Focus
LIVE MARKETS-FTSE 100 is cruising despite four major profit warnings
* China's conciliatory statement boosts European stocks * STOXX 600 +0.7%, FTSE 100 +1.1% * Pearson and Imperial Brands slump on profit warnings * U.S. stocks flat Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net FTSE 100 IS CRUISING DESPITE FOUR MAJOR PROFIT WARNINGS (1358 GMT) Earlier today we flagged a trio of profit warnings by London blue-chips and now we have another one, cruise operator Carnival cutting 2019 profit forecast.
- Reuters - UK Focus
LIVE MARKETS-A deeper look into the London trio's profit warnings
* China's conciliatory statement boosts European stocks * STOXX 600 +0.7%, FTSE 100 +1.2% * Tech stocks outperform, luxury underperforms * Pearson and Imperial Brands slump on profit warnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net A DEEPER LOOK INTO THE LONDON TRIO'S PROFIT WARNINGS (1009 GMT) A cigarette maker, an airline and an education group - what's the one thing in common between them today? Combined $5 billion has been wiped from London blue-chips Pearson, Imperial Brands and British Airways-owner IAG as they warned on full-year profits.
- Bloomberg
Vaping Crisis Claims Its First British Victim
(Bloomberg Opinion) -- The crisis engulfing the American vaping industry has claimed its first European victim. Imperial Brands Plc, the British-based maker of Winston cigarettes in the U.S. and the Blu electronic device, cut its sales and profit guidance on Thursday, a day after Altria Group Inc. and Philip Morris International Inc. called off their merger talks amid increasing Washington scrutiny of illnesses associated with the smoking alternative.Imperial in part blamed a slowdown in U.S. demand for electronic cigarettes for its expectation of flat earnings in the year to Sept. 30. It had anticipated expansion of between 4% and 8%. Revenue will expand by 2%, at the low end of its 1% to 4% range. The shares fell as much as 11%.Some American retailers, including Walmart Inc. have stopped selling e-cigarettes, while President Donald Trump is moving to ban flavored products and nicotine pods. All of this came together to weigh on Imperial’s sales in the final quarter, when it was also running a big marketing campaign for its Blu device.So far the problems haven’t spread to Europe or Japan (the most developed market for devices that heat rather than burn tobacco). Imperial expects sales of its new generation products to increase by 50% this year. That may look eye-watering but it’s below previous expectations. This is a worry for all of Big Tobacco, which is investing billions of pounds in innovative new products. Philip Morris has developed the iQos “heat not burn” device, while British American Tobacco Plc has a suite of alternatives.The idea is that manufacturers use the cash flows from their traditional cigarettes business to develop products they describe as lower risk. As smoking rates decline, these devices are meant to pick up the slack among consumers. The transition hasn’t been smooth. Growth slowed in Japan last year, where older people proved more reluctant to follow tech-savvy early adopters of alternatives.The scrutiny in the U.S. is clearly a serious problem for this potentially huge, but nascent market. Yet there’s an irony too: The crackdown on vaping might drive some of the adults who’ve switched to vapes back to cigarettes.Although gross profit margins on alternatives are approaching those of cigarettes, according to Duncan Fox, an analyst at Bloomberg Intelligence, the traditional product remains the driver of profit and cash flow for the industry. A slower decline in the numbers of traditional tobacco smokers would be terrible for public health, but it might end up easing some of the financial pressure on Big Tobacco, at least in the short term. While the industry has always been a big dividend payer, there have been increasing doubts about whether this is sustainable.Greater regulation of alternatives could also play to the big companies’ advantage. Most — though not all — of the individuals who’ve fallen ill used black-market vaping pods. A tightening of the rules could favor the devices made by large manufacturers, which have decades of experience lobbying lawmakers. These companies have deep pockets for research and development too.Nevertheless, unless the industry can develop alternatives that are genuinely less harmful, the outlook for what was Big Tobacco’s last great hope looks bleak. Expect more vaping dreams to go up in smoke.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Yahoo Finance UK
Tobacco giant's stock crashes on vaping crackdown warning
Imperial Brands fell 10% after warning revenue growth would be hit by a crackdown on vaping in the US.
- Reuters - UK Focus
REFILE-UPDATE 1-Encouarging trade talks boost European shares
European shares moved higher on Thursday, with technology shares leading the charge after encouraging comments from China on trade with the United States soothed sentiment that was rattled by growth worries and political turmoil. The Chinese commerce ministry said Beijing is in close communication with Washington and is preparing to make progress at trade talks in October.
- Reuters - UK Focus
UPDATE 2-FTSE 100 swells as trade hopes offset slew of profit alerts
London's FTSE 100 surged more than 1% on Thursday as signals from the United States and China that their trade dispute could soon be put to bed did enough to counteract a trio of profit warnings from blue-chip components. The FTSE 100 added 1.1%, rebounding after four straight sessions in the red, after China's commerce ministry said it was is in close communication with Washington over next month's trade talks, and President Donald Trump said overnight that a deal could be struck soon.
- Reuters - UK Focus
LIVE MARKETS-Trade: China comes to the rescue
- Reuters - UK Focus
FTSE drops for 5th straight day after slew of profit alerts
- Reuters - UK Focus
European shares edge higher on trade hopes, Imperial Brands slides
European shares edged higher on Thursday, after positive comments from China on trade with the United States soothed investor sentiment, while a drop in shares tobacco companies following a profit warning from Imperial Brands kept gains in check. Initial market action after the opening bell was negative after Bloomberg reported the World Trade Organization will authorize the U.S. to impose tariffs on nearly $8 billion of European goods due to illegal state aid provided to aircraft maker Airbus SE. Imperial Brands Plc tumbled 9.1%, after the company said it expects full-year profit to be flat compared to last year in the face of a regulatory backlash against vaping in the United States.
- Reuters - UK Focus
UPDATE 3-Imperial warns U.S. vaping backlash to hit results
Imperial Brands said the regulatory crackdown on vaping in the United States will hit its full-year profit and revenue, wiping 12% off its shares on Thursday in the latest fallout for tobacco firms from the ongoing U.S. health crisis. The caution by the British maker of myblu e-cigarettes, Winston and Gauloises cigarettes, comes a day after U.S. tobacco giants Philip Morris and Altria axed their merger talks in the face of the backlash against vaping. The U.S. administration has pulled the plug on flavoured e-cigarettes, removing them from stores, and some countries including India and Brazil have banned them in a crackdown that could reshape the tobacco industry.
