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(Sharecast News) - British American Tobacco said it was axing 2,300 management jobs as it looked to simplify its structure and reinvest the savings in developing new products such as vapour, tobacco heating and oral tobacco.
The company on Thursday said more than 20% of senior roles would be affected with the redundancies expected to be completed by January 2020. BAT wants to generate £5bn in revenues from new products by 2023/24.
BAT added that the review would result in "faster decision making, greater management accountability and the elimination of duplicative activities" by reducing layers of management and creating fewer larger business units.
15 Dec 2022 15:45
UK dividends calendar - next 7 days
| Friday 16 December | |
| Asia Dragon Trust PLC | dividend payment date |
| Atrato Onsite Energy PLC | dividend payment date |
| BlackRock Greater Europe Investment Trust PLC | dividend payment date |
| BP PLC | dividend payment date |
| CML Microsystems PLC | dividend payment date |
| Craneware PLC | dividend payment date |
| Henderson Opportunities Trust PLC | dividend payment date |
| J Sainsbury PLC | dividend payment date |
| James Halstead PLC | dividend payment date |
| Kainos Group PLC | dividend payment date |
| Momentum Multi-Asset Value Trust PLC | dividend payment date |
| Pershing Square Holdings Ltd | dividend payment date |
| Scottish American Investment Co PLC | dividend payment date |
| Scottish Mortgage Investment Trust PLC | dividend payment date |
| Tatton Asset Management PLC | dividend payment date |
| Telecom Plus PLC | dividend payment date |
| Triple Point Social Housing REIT PLC | dividend payment date |
| Urban Logistics REIT PLC | dividend payment date |
| Utilico Emerging Markets Trust PLC | dividend payment date |
| VH Global Sustainable Energy Opportunities PLC | dividend payment date |
| Volex PLC | dividend payment date |
| Whitbread PLC | dividend payment date |
| Witan Investment Trust PLC | dividend payment date |
| Monday 19 December | |
| CT UK Capital & Income Investment Trust PLC | dividend payment date |
| JPMorgan UK Smaller Companies Investment Trust PLC | dividend payment date |
| Softcat PLC | dividend payment date |
| Tuesday 20 December | |
| abrdn Asia Focus PLC | dividend payment date |
| Volution Group PLC | dividend payment date |
| Wednesday 21 December | |
| Baillie Gifford Japan Trust PLC | dividend payment date |
| iEnergizer Ltd | dividend payment date |
| London Finance & Investment Group PLC | dividend payment date |
| SDCL Energy Efficiency Income Trust PLC | dividend payment date |
| Shaftesbury PLC | dividend payment date |
| Shoe Zone PLC | special dividend payment date |
| Thursday 22 December | |
| Aberdeen Diversified Income & Growth Trust PLC | ex-dividend payment date |
| abrdn Private Equity Opportunities Trust PLC | ex-dividend payment date |
| Alliance Pharma PLC | ex-dividend payment date |
| BlackRock World Mining Trust PLC | dividend payment date |
| British & American Investment Trust PLC | dividend payment date |
| British American Tobacco PLC | ex-dividend payment date |
| Britvic PLC | ex-dividend payment date |
| Diverse Income Trust PLC | ex-dividend payment date |
| Halma PLC | ex-dividend payment date |
| Home REIT PLC | ex-dividend payment date |
| IntegraFin Holdings PLC | ex-dividend payment date |
| J Smart & Co (Contractors) PLC | ex-dividend payment date |
| JPMorgan European Discovery Trust PLC | ex-dividend payment date |
| JPMorgan Japanese Investment Trust PLC | ex-dividend payment date |
| JPMorgan Multi-Asset Growth & Income PLC | ex-dividend payment date |
| Mercantile Investment Trust PLC | ex-dividend payment date |
| Palace Capital PLC | ex-dividend payment date |
| Polar Capital Holdings PLC | ex-dividend payment date |
| Schroder European Real Estate Investment Trust PLC | ex-dividend payment date |
| Securities Trust of Scotland PLC | ex-dividend payment date |
| Topps Tiles PLC | ex-dividend payment date |
| United Utilities Group PLC | ex-dividend payment date |
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