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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.
25 Jan 2024 15:06
UK dividends calendar - next 7 days
| Friday 26 January | |
| abrdn Private Equity Opportunities Trust PLC | dividend payment date |
| Auto Trader Group PLC | dividend payment date |
| Big Yellow Group PLC | dividend payment date |
| Burberry Group PLC | dividend payment date |
| Caledonia Mining Corp PLC | dividend payment date |
| Character Group PLC | dividend payment date |
| Cranswick PLC | dividend payment date |
| Foresight Group Holdings Ltd | dividend payment date |
| Henderson High Income Trust PLC | dividend payment date |
| IntegraFin Holdings PLC | dividend payment date |
| International Biotechnology Trust PLC | dividend payment date |
| Iomart Group PLC | dividend payment date |
| James Latham PLC | dividend payment date |
| JPMorgan Global Emerging Markets Income Trust PLC | dividend payment date |
| Marble Point Loan Financing Ltd | dividend payment date |
| Martin Currie Global Portfolio Trust PLC | dividend payment date |
| Montanaro European Smaller Cos Trust PLC | dividend payment date |
| Schroder Income Growth Fund PLC | dividend payment date |
| Templeton Emerging Markets Investment Trust PLC | dividend payment date |
| Ultimate Products PLC | dividend payment date |
| Value & Indexed Property Income Trust PLC | dividend payment date |
| Walker Crips Group PLC | dividend payment date |
| Monday 29 January | |
| J Smart & Co (Contractors) PLC | dividend payment date |
| Mondi PLC | ex-dividend payment date |
| Tuesday 30 January | |
| no events scheduled | |
| Wednesday 31 January | |
| Albion Venture Capital Trust PLC | dividend payment date |
| Amedeo Air Four Plus Ltd | dividend payment date |
| Artemis Alpha Trust PLC | dividend payment date |
| Balanced Commercial Property Trust Ltd | dividend payment date |
| CT Private Equity Trust PLC | dividend payment date |
| Doric Nimrod Air Three Ltd | dividend payment date |
| Doric Nimrod Air Two Ltd | dividend payment date |
| dotDigital Group PLC | dividend payment date |
| DS Smith PLC | dividend payment date |
| European Assets Trust PLC | dividend payment date |
| Focusrite PLC | dividend payment date |
| Lowland Investment Co PLC | dividend payment date |
| Middlefield Canadian Income PCC | dividend payment date |
| Mitie Group PLC | dividend payment date |
| Shires Income PLC | dividend payment date |
| Triad Group PLC | dividend payment date |
| Thursday 1 February | |
| Albion Enterprise VCT PLC | ex-dividend payment date |
| Blackstone Loan Financing Ltd | ex-dividend payment date |
| British American Tobacco PLC | dividend payment date |
| CC Japan Income & Growth Trust PLC | ex-dividend payment date |
| Coral Products PLC | ex-dividend payment date |
| Dunedin Income Growth Investment Trust PLC | ex-dividend payment date |
| Edinburgh Investment Trust PLC | ex-dividend payment date |
| F&C Investment Trust PLC | dividend payment date |
| Henderson International Income Trust PLC | ex-dividend payment date |
| Hollywood Bowl Group PLC | ex-dividend payment date |
| Impellam Group PLC | ex-dividend payment date |
| JPMorgan Emerging Europe Middle East & Africa Securities PLC | ex-dividend payment date |
| JPMorgan Global Core Real Assets Ltd | ex-dividend payment date |
| JPMorgan Mid Cap Investment Trust PLC | ex-dividend payment date |
| JPMorgan UK Smaller Cos Investment Trust PLC | ex-dividend payment date |
| M&G Credit Income Investment Trust PLC | ex-dividend payment date |
| Mercantile Investment Trust PLC | dividend payment date |
| Paragon Banking Group PLC | ex-dividend payment date |
| PayPoint PLC | ex-dividend payment date |
| Polar Capital Global Financials Trust PLC | ex-dividend payment date |
| Polar Capital Global Healthcare Trust PLC | ex-dividend payment date |
| Schroder Oriental Income Fund Ltd | ex-dividend payment date |
| SSP Group PLC | ex-dividend payment date |
| Treatt PLC | ex-dividend payment date |
| United Utilities Group PLC | dividend payment date |
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