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Pin to quick picksBritish American Tobacco Share News (BATS)

Share Price Information for British American Tobacco (BATS)

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Share Price: 2,345.00
Bid: 2,345.00
Ask: 2,347.00
Change: 19.00 (0.82%)
Spread: 2.00 (0.085%)
Open: 2,336.00
High: 2,369.00
Low: 2,336.00
Prev. Close: 2,326.00
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UK smoking ban for younger generations passes first parliamentary hurdle

Tue, 16th Apr 2024 19:29

LONDON, April 16 (Reuters) - British Prime Minister Rishi Sunak's plan to ban anyone aged 15 and under from ever buying cigarettes passed its first parliamentary vote on Tuesday, although dozens of his own lawmakers voted against it.

Sunak's plan to impose some of the world's strictest anti-smoking rules has angered some members of his governing Conservative Party, including former prime ministers Liz Truss and Boris Johnson, who say the state should not interfere in how people live their lives.

The bill passed a vote in Britain's parliament with 383 in favour and 67 against, meaning it will progress to the next stage in parliament, where it can be subject to amendment.

Lawmakers were given a so-called free vote on the bill, meaning they did not have to vote along party lines. A similar law in New Zealand was scrapped this year by the new coalition government before the legislation went into force.

But 57 Conservatives, including Business and Trade Secretary Kemi Badenoch, voted against the plan, and the scale of the rebellion was another blow for Sunak, who has already faced criticism in his party over issues ranging from climate change to defence policy.

The legislation is one of Sunak's flagship policies before an election later this year which opinion polls suggest the opposition Labour Party will win.

The Tobacco and Vapes Bill aims to prevent children born since 2009 from ever being able to legally buy tobacco, rather than criminalising the habit.

Sunak has said it will tackle "the single biggest entirely preventable cause of ill-health, disability and death".

PUBLIC SUPPORT

About 6.4 million people were smokers in the UK in 2022, the Office for National Statistics has estimated, around 13% of the adult population.

That is much lower than other European countries such as Italy, Germany and France, where between 18%-23% of adults smoke, according to OECD figures.

There is strong support for the ban from medical and healthcare experts and charities, who say smoking causes 80,000 deaths every year plus many more smoking-related illnesses.

Polling by YouGov also suggests a smoking ban is popular, with a third of voters supporting the phased approach, 30% supporting a ban for everyone at the same time and only a quarter saying there shouldn't be any ban.

The plans have hit the share price of companies like L&B cigarette maker Imperial Brands, which has highlighted the UK as one of its key markets.

It and other tobacco companies like Dunhill maker British American Tobacco have criticised the proposed ban, saying it could fuel black market trade and will be difficult to enforce.

Business minister Badenoch said she was not a smoker and agreed with Sunak's intentions, but said she opposed the bill as she was concerned about its impact on people's rights and difficulty in enforcing the policy.

"We should not treat legally competent adults differently in this way, where people born a day apart will have permanently different rights," she said on social media platform X. (Reporting by Sarah Young; additional reporting by Emma Rumney, Paul Sandle and Alistair Smout, Editing by Kate Holton, Timothy Heritage, Gareth Jones and Jonathan Oatis)

More News
29 Apr 2024 13:38

IN BRIEF: BAT subsidiaries raise bond buyback offer to GBP1.2 billion

British American Tobacco PLC - London-based maker of cigarettes and vapes - Says its subsidiaries BAT Capital Corp and BAT International Finance PLC have increased the maximum purchase price of bond they intend to buy back to GBP1.2 billion from GBP1 billion. The tender offers will expire on May 13, unless extended or earlier terminated. BAT has said this repurchase seeks to optimise its debt capital structure, with units using available liquidity to reduce debt.

Read more
26 Apr 2024 20:32

Biden administration delays plan to ban menthol cigarettes

April 26 (Reuters) - The Biden administration on Friday delayed its plan to ban menthol cigarettes, a move that reflected the potential for a political backlash from Black voters in an election year.

Read more
25 Apr 2024 15:47

UK dividends calendar - next 7 days

Friday 26 April 
abrdn Private Equity Opportunities Trust PLCdividend payment date
Bioventix PLCdividend payment date
Blackfinch Spring VCT PLCdividend payment date
BlackRock Energy & Resources Inc Trust PLCdividend payment date
BlackRock Sustainable American Income Trust PLCdividend payment date
Caledonia Mining Corpdividend payment date
Downing Strategic Micro-Cap Investment Trust PLCspecial dividend payment date
Entain PLCdividend payment date
GlobalData PLCdividend payment date
Globalworth Real Estate Investments Ltddividend payment date
Henderson High Income Trust PLCdividend payment date
JPMorgan Emerging Markets Investment Trust PLCdividend payment date
Kitwave Group PLCdividend payment date
Martin Currie Global Portfolio Trust PLCdividend payment date
Northamber PLCdividend payment date
Oakley Capital Investments Ltddividend payment date
Real Estate Investors PLCdividend payment date
RIT Capital Partners PLCdividend payment date
Schroder Income Growth Fund PLCdividend payment date
Shanta Gold Ltddividend payment date
Value & Indexed Property Income Trust PLCdividend payment date
Monday 29 April 
NatWest Group PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Quartix Technologies PLCdividend payment date
Tuesday 30 April 
Abrdn Private Equity Opportunities Trustdividend payment date
Amedeo Air Four Plus Ltddividend payment date
Balanced Commercial Property Trust Ltddividend payment date
BioPharma Credit PLCdividend payment date
CT Private Equity Trust PLCdividend payment date
Doric Nimrod Air Three Ltddividend payment date
Doric Nimrod Air Two Ltddividend payment date
European Assets Trust PLCdividend payment date
Kings Arms Yard VCT PLCdividend payment date
Lowland Investment Cos PLCdividend payment date
Middlefield Canadian Income PCCdividend payment date
Shires Income PLCdividend payment date
US Solar Fund PLCdividend payment date
Wynnstay Group PLCdividend payment date
Wednesday 1 May 
Dalata Hotel Group PLCdividend payment date
NWF Group PLCdividend payment date
Thursday 2 May 
4imprint Group PLCex-dividend payment date
AB Dynamics PLCex-dividend payment date
Albion Development VCT PLCex-dividend payment date
Alfa Financial Software Holdings PLCex-dividend payment date
Ashtead Technology Holdings PLCex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Blackstone Loan Financing Ltdex-dividend payment date
British American Tobacco PLCdividend payment date
Carr's Group PLCex-dividend payment date
CLS Holdings PLCdividend payment date
Coats Group PLCex-dividend payment date
CQS New City High Yield Fund Ltdex-dividend payment date
Dunedin Income Growth Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Elementis PLCex-dividend payment date
FBD Holdings PLCex-dividend payment date
Genuit Group PLCex-dividend payment date
Glencore PLCex-dividend payment date
Global Opportunities Trust PLCex-dividend payment date
Henry Boot PLCex-dividend payment date
Hiscox Ltdex-dividend payment date
Inchcape PLCex-dividend payment date
IWG PLCex-dividend payment date
J Smart & Co (Contractors) PLC ex-dividend payment date
M&G Credit Income Investment Trust PLCex-dividend payment date
Mobeus Income & Growth VCT PLCex-dividend payment date
Nichols PLCdividend payment date
Octopus Apollo VCT PLCdividend payment date
Porvair PLCex-dividend payment date
Relx PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Schroders PLCdividend payment date
Seneca Growth Capital VCT PLC B ex-dividend payment date
Senior PLCex-dividend payment date
Zotefoams PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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24 Apr 2024 12:48

TOP NEWS: BAT keeps guidance despite economic pressures, illicit trade

(Alliance News) - British American Tobacco PLC is maintaining its 2024 guidance even as the cigarette producer grapples with "macro-economic pressures" and "illicit" trade, while carrying on with its investment in the US.

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22 Apr 2024 09:04

LONDON BROKER RATINGS: Jefferies raises B&M to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Apr 2024 13:59

UK shareholder meetings calendar - next 7 days

Thursday 18 April 
Aquis Exchange PLCAGM
FW Thorpe PLCGM re executive share ownership plan
Harmony Energy Income Trust PLCAGM
Polar Capital Global Financials Trust PLCAGM
Segro PLCAGM
Team Internet Group PLCAGM
Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
15 Apr 2024 12:24

IN BRIEF: BAT units start buying back bonds worth up to GBP1 billion

British American Tobacco PLC - London-based maker of cigarettes and vapes - Says its subsidiaries BAT Capital Corp and BAT International Finance PLC have started to buy back bonds to the tune of up to a combined GBP1 billion. Says the tender offers will expire on May 13, unless extended or earlier terminated. Says this repurchase seeks to optimise its debt capital structure, with units using available liquidity to reduce debt.

Read more
2 Apr 2024 19:40

Lawsuit demands menthol cigarette ban following White House delays

April 2 (Reuters) - The U.S. government was sued on Tuesday by anti-smoking groups that want a ban on menthol cigarettes and blame the Biden administration for delaying it.

Read more
1 Apr 2024 21:57

Biden administration US ban on menthol cigarettes delayed

April 1 (Reuters) - The U.S. Food and Drug Administration's proposal to ban menthol flavored cigarettes in the United States faced another setback, according to anti-tobacco advocates who noted that White House officials have missed another deadline to issue a final rule on a ban.

Read more
28 Mar 2024 06:00

European regulators close in on Big Tobacco's new tea sticks

Tobacco companies launched tea sticks to counter EU flavour ban

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Read more
26 Mar 2024 08:08

LONDON BRIEFING: Flutter hails US success; Smiths names new CEO

(Alliance News) - London's FTSE 100 opened lower on Tuesday, as a slow start to the week continues, with investors having simmering global tensions to be mindful of.

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26 Mar 2024 06:50

BAT CEO says proposed UK disposable vapes ban will not be "effective"

(Alliance News) - The boss of British American Tobacco PLC has said a ban on disposable vapes in the UK will not be "effective", claiming similar legislation overseas has not worked.

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21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

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18 Mar 2024 09:11

British American Tobacco launches 2-year GBP1.6 billion share buyback

(Alliance News) - British American Tobacco PLC on Monday kicked off a major buyback programme, expected to run until the end of 2025.

Read more

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