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Pin to quick picksBritish American Tobacco Share News (BATS)

Share Price Information for British American Tobacco (BATS)

London Stock Exchange
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Share Price: 2,392.00
Bid: 2,390.00
Ask: 2,391.00
Change: 14.00 (0.59%)
Spread: 1.00 (0.042%)
Open: 2,385.00
High: 2,395.00
Low: 2,374.00
Prev. Close: 2,378.00
BATS Live PriceLast checked at -

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Weak pound boosts exporters in FTSE 100; Ocado extends rally

Mon, 14th Nov 2022 17:29

Indivior up on deal to buy Opiant Pharma

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Informa lifts annual earnings view as demand improves

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UK budget, due later in the week, in focus

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FTSE 100 up 0.9%, FTSE 250 flat

Nov 14 (Reuters) -

The UK's export-oriented FTSE 100 climbed on Monday supported by a weaker pound as traders braced for the government's fiscal statement later this week and with a stronger dollar weighing on the British currency.

The FTSE 100 closed 0.9% higher, with Ocado Group up 14% and leading gains.

"Ocado saw the largest drop in short interest in October, helping the stock extend recent gains," said Victoria Scholar, head of investment at Interactive Investor.

Shares of the online supermarket and technology group have surged this month after it entered South Korea through a partnership deal with Lotte Shopping, Scholar added.

"The stock is now up more than 90% and is at the top of the FTSE 100 today as investors turn bullish on the supermarket technology business," she added.

Weakness in the pound against a strong dollar boosted export-oriented companies such as Unilever and British American Tobacco.

Sterling fell ahead of British Chancellor Jeremy Hunt's autumn statement on Thursday, when he is expected to set out tax rises and spending cuts.

"The UK government is still on a report card, being closely monitored after the perceived economic bad behaviour of the short-lived (Liz) Truss administration," said Susannah Streeter, markets analyst at Hargreaves Lansdown.

"That's why Prime Minister Rishi Sunak and his Chancellor Hunt have been priming the nation this weekend to expect widespread tax increases, and a cut back of spending in the Autumn Statement."

Informa Plc jumped 5.8% on raising its full-year earnings outlook, pushing the broader FTSE 350 media index 1.5% higher.

Indivior gained 2.4% after it said it would acquire Opiant Pharmaceuticals for approximately $145 million in cash. The broader healthcare index was up 2.5%.

British miners added 0.6% as copper prices jumped on the Chinese government offering support to its battered property sector, which consumes a vast amount of metals.

The domestically-focused FTSE 250 midcap index was subdued by the close after marking its biggest weekly gain in almost two years on Friday. (Reporting by Shashwat Chauhan and Bansari Mayur Kamdar in Bengaluru; editing by Uttaresh.V and Ken Ferris)

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LONDON, June 13 (Reuters) - Britain's opposition Labour Party said it would stop the next generation from legally buying cigarettes if it wins a national election on July 4.

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4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag

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4 Jun 2024 17:01

London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9%

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4 Jun 2024 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

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4 Jun 2024 08:46

TOP NEWS: British American Tobacco on track to meet annual guidance

(Alliance News) - British American Tobacco PLC said on Tuesday it is on track to deliver annual performance that it in line with its guidance.

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4 Jun 2024 07:52

LONDON BRIEFING: Tories lay out immigration plans; UK retail sales up

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4 Jun 2024 07:17

British American Tobacco retains guidance, eyes H2 improvement

(Sharecast News) - Cigarettes, tobacco and vape manufacturer British American Tobacco said it remains on track to hit guidance this year despite first-half underlying revenues and adjusted profits falling by low-single digits.

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31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

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28 May 2024 14:54

UK earnings, trading statements calendar - next 7 days

Wednesday 29 May 
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Impax Asset Management Group PLCHalf Year Results
Pets At Home Group PLCFull Year Results
React Group PLCHalf Year Results
Silver Bullet Data Services Group PLCFull Year Results
Thursday 30 May 
Auto Trader Group PLCFull Year Results
Dr Martens PLCFull Year Results
Integrated Diagnostics Holdings PLCQ1 Results
Novacyt SAFull Year Results
Old Mutual LtdTrading Statement
Friday 31 May 
CMO Group PLCFull Year Results
Cooks Coffee Co LtdFull Year Results
JD Sports Fashion PLCFull Year Results
Monday 3 June 
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Tuesday 4 June 
British American Tobacco PLCTrading Statement
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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.

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23 May 2024 19:25

Tobacco industry aims to hook new generation on vapes, WHO says

LONDON, May 23 (Reuters) - Tobacco companies still actively target young people via social media, sports and music festivals and new, flavoured products, the World Health Organization (WHO) said on Thursday, accusing companies of trying to hook a new generation on nicotine.

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23 May 2024 16:05

UK's anti-smoking laws could be lost in pre-election parliamentary rush

LONDON, May 23 (Reuters) - Britain's proposed law to ban smoking for younger generations could be shelved after Prime Minister Rishi Sunak called a surprise election, putting one of his flagship policies in jeopardy as there is only limited time for bills to be made law.

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23 May 2024 14:35

UK's anti-smoking laws could be lost in pre-election parliamentary rush

LONDON, May 23 (Reuters) - Britain's proposed law to ban smoking for younger generations could be shelved after Prime Minister Rishi Sunak called a surprise election, putting one of his flagship policies in jeopardy as there is only limited time for bills to be made law.

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1 May 2024 08:45

IN BRIEF: British American Tobacco makes GBP173 million in buybacks

British American Tobacco PLC - London-based cigarette and vaping products maker - Buys back 7.4 million shares between March 18 and Tuesday, worth about GBP173 million at the current market price. This is part a GBP700 million buyback programme planned for 2024, which will be followed by a GBP900 million buyback in 2025. Commissions Merrill Lynch to conduct the next tranche of the 2024 buyback, running from Wednesday to June 21.

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