British American Tobacco drops and sues PwC over pollution scandal: British American Tobacco has dumped its auditors PwC and taken them to court over a potential $1 billion (£651 million) U.S. environmental damages bill.
27 Feb '15
Fuming BAT to sue U.K. government over plans to remove cigare packet branding: The world’s second-largest tobacco maker will sue the British government over plans to remove cigarette packet branding.
26 Feb '15
Results coverage in the press
British American Tobacco Plc (BATS.L) Announced its final results for the year ended 31 December 2014. Group revenue was up by 2.8% to £15,682 million at constant rates of exchange. Reported revenue was 8.4% lower at £13,971 million, as a result of adverse exchange rate movements. Adjusted Group profit from operations increased by 4.4% to £6,075 million at constant rates of exchange and decreased by 7.2% to £5,403 million at current rates of exchange. The Board has recommended a final dividend of 100.6p, taking the 2014 total dividend to 148.1p per share, an increase of 4%, in line with the intention to grow dividends in real terms.
24 Feb '15
BAT ponders £2.3 billion offer for its Brazilian offshoot: British American Tobacco is considering a move to buy out the remaining 25% of Souza Cruz, its Brazilian business, in a deal that would cost about £2.3 billion.
17 Feb '15
LONDON, Feb 17 (Reuters) - Studies on the health impact of "plain" or standardised cigarette packs suggest they can deter non-smokers from taking up the habit and may cut the number of cigarettes smokers get through, scientists said on Tuesday. In a collection of scientific papers in the journal Addiction, researchers said that while standardised packs were still too new to provide substantial evidence, studies so far showed they were likely to reduce smoking rates. Britain plans before May to become the second country in the world to introduce non-branded, standardised packaging for cigarettes, after the government promised last month to pass legislation that would come into effect in 2016. Australia introduced standardised packaging two years ago in the face of fierce opposition from the tobacco industry. Its law forced cigarettes to be sold in plain green packs with health warnings and images showing the damaging effects of smoking.
22 Jan '15
RE: Impact of plain packaging
Plain packaging idea is a nonsence........smokers smoke because they want to, not because its endorsed by sporting events or other advertisements. I see countless advertisements in the press / tv for alcohol, and that doesnt influence the amount i drink, or the brand i buy. Plain packaging, the government has just opened the door to the numerous counterfeiters who have now made it 10 times easier to produce without replicating the pack design. Tobacco companies will lose out in the long run, tobacco trade in UK will go further underground, unregulated,......just my views
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.