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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: 2,355.00
Bid: 2,360.00
Ask: 2,361.00
Change: -16.00 (-0.67%)
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UPDATE 2-Biden administration to announce plan to ban menthol cigarettes -Washington Post

Wed, 28th Apr 2021 15:43

(Adds background)

WASHINGTON, April 28 (Reuters) - The Biden administration
this week is expected to propose a ban on menthol cigarettes, a
move backed by civil rights groups that say Black Americans are
hurt by the industry's aggressive targeting of the product, the
Washington Post reported on Wednesday.

The administration will seek to ban menthol and other
flavors in mass-produced cigars, the newspaper reported, citing
unidentified administration officials who spoke on condition of
anonymity.

The U.S. Food and Drug Administration faces a Thursday court
deadline to respond to a 2013 citizen's petition seeking a ban
on menthols. Public health groups filed a lawsuit last year in
federal district court in Northern California to require the FDA
to respond to the petition.

The Post said it could be years before any ban would take
effect, but the move would be praised by anti-smoking groups.
Tobacco use remains a leading source of preventable illness and
death in the country, particularly for people of color.

The FDA declined to comment on the report from Post.

"There is not an open question on whether menthol in
cigarettes is harmful - the evidence is overwhelming and
consistent,” Joelle Lester, director of commercial tobacco
control programs at the Mitchell Hamline School of Law in
Minnesota, told the Post https://wapo.st/3nvuQAM.

The law center led a group of 19 public health organizations
to file the 2013 petition.

Last week, tobacco stocks tumbled after the Wall Street
Journal https://on.wsj.com/3eGRF0q reported that the Biden
administration is weighing whether to move forward on a menthol
ban or a nicotine reduction in all cigarettes—or both. Such a
ban could impact Altria Group, maker of Marlboros;
Europe's Imperial Brands, maker of Gauloises and Winston
cigarettes; and British American Tobacco, maker of
Lucky Strike and Newport cigarettes.

Altria, Imperial Brands and British American Tobacco were
not immediately available for comment on the Post report.
(Reporting by Doina Chiacu and Carl O'Donnell, Ankur Banerjee
and Aishwarya Venugopal; Editing by Tim Ahmann, Bill Berkrot and
Lisa Shumaker)

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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.

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17 Mar 2024 11:08

PRESS: BAT CEO dismisses idea of listing move from London - FT

(Alliance News) - British American Tobacco PLC's chief executive has dubbed the idea of a listing move to New York from London as a "distraction", the Financial Times reported on Sunday.

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14 Mar 2024 15:06

UK dividends calendar - next 7 days

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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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13 Mar 2024 08:00

TOP NEWS: BAT nets GBP1.5 billion as trims stake in ITC

(Alliance News) - British American Tobacco PLC said on Wednesday it netted about GBP1.5 billion after the sale of a portion of its interest in ITC Ltd.

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13 Mar 2024 07:51

LONDON BRIEFING: Balfour Beatty announces buyback; 4imprint ups payout

(Alliance News) - London's FTSE 100 is set to move higher, after data showed the UK economy kicked off the new year with gross domestic product growth, and as investors digest Tuesday's US inflation data.

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12 Mar 2024 16:17

London close: Stocks rise as UK wage growth moderates

(Sharecast News) - London markets closed with gains on Tuesday, buoyed by hopes for interest rate cuts following a modest increase in UK wage growth.

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12 Mar 2024 12:31

TOP NEWS: British American Tobacco to trim ITC stake; plans buyback

(Alliance News) - British American Tobacco PLC on Tuesday provided more details of its plan to sell a portion of its interest in ITC Ltd and use the proceeds to buy back its own shares.

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12 Mar 2024 09:04

BAT considering partial sale of stake in India's ITC

(Sharecast News) - British American Tobacco confirmed extensive media speculation around its holding of Indian tobacco firm ITC on Tuesday morning, announcing plans to sell more than 400 million ITC shares through its subsidiary Tobacco Manufacturers India (TMI).

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11 Mar 2024 17:24

British American Tobacco looks to sell part of shareholding in ITC

(Alliance News) - British American Tobacco PLC on Monday said that it is evaluating the potential disposal of part of its shareholding in ITC Ltd.

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6 Mar 2024 13:52

New tax on vapes announced in UK budget, adding excise duty

(Alliance News) - The UK government will introduce a new tax on vapes in a bid to discourage non-smokers from taking up the habit.

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27 Feb 2024 16:57

LONDON MARKET CLOSE: FTSE 100 lags European peers amid weaker US data

(Alliance News) - European equities traded largely more confidently on Tuesday than they did at the start of the week, though the FTSE 100 underwhelmed again as its housebuilding and tobacco stocks slid.

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27 Feb 2024 16:11

PRESS: UK Chancellor mulls new vape tax in next week's budget, report

(Alliance News) - UK Chancellor Jeremy Hunt may announce a new UK tax on vapes as part of his budget next week, Bloomberg reported on Tuesday

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21 Feb 2024 15:06

Director dealings: British American Tobacco non-executive director makes share purchase

(Sharecast News) - British American Tobacco revealed on Wednesday that non-executive director Karen Guerra had acquired 4,150 ordinary shares in the FTSE 100-listed tobacco giant.

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21 Feb 2024 11:12

IN BRIEF: BAT Non-Exec Director Karen Guerra buys GBP100,000 shares

British American Tobacco PLC - London-based maker of cigarettes and vapes - Non-Executive Director Karen Guerra buys 4,150 shares at a price of 2,380 pence each on Wednesday worth GBP98,770.

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