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Pin to quick picksBritish American Tobacco Share News (BATS)

Share Price Information for British American Tobacco (BATS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 2,488.00
Bid: 2,482.00
Ask: 2,484.00
Change: 28.00 (1.14%)
Spread: 2.00 (0.081%)
Open: 2,465.00
High: 2,497.00
Low: 2,460.00
Prev. Close: 2,460.00
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)

More News
20 Jun 2023 15:11

Director dealings: BAT non-exec invests, LondonMetric directors cover tax bills

(Sharecast News) - Cigarette giant British American Tobacco was on the list of buys on Tuesday, after a non-executive director spent more than £40k on shares.

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19 Jun 2023 08:41

TOP NEWS: BAT makes transformation chief Vandermeulen new COO

(Alliance News) - British American Tobacco PLC on Monday announced a number of executive changes, including introducing a new chief operating officer role.

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19 Jun 2023 08:28

British American Tobacco reveals big management shake-up

(Sharecast News) - British American Tobacco revealed significant changes to its management board on Monday, following the appointment of Tadeu Marroco as its chief executive on 15 May.

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15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

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

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8 Jun 2023 10:56

Kingsway Capital in talks with Big Tobacco over AIR stake sale - sources

DUBAI, June 8 (Reuters) - Britain's Kingsway Capital has started meetings with big tobacco firms as the private equity firm prepares to sell its stake in Dubai-based tobacco business Advanced Inhalation Rituals (AIR), two sources familiar with the matter told Reuters.

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6 Jun 2023 20:49

Sector movers: Personal Goods, Tobacco pace gains

(Sharecast News) - Personal goods and Tobacco company shares were among the best performers on Tuesday.

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6 Jun 2023 17:30

UK's FTSE 100 rises against weaker pound; BATS gains

BATS up after maintaining annual forecast

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6 Jun 2023 13:47

Director dealings: BAT, Diaceutics execs make investments

(Sharecast News) - Among the list of director buys on Tuesday was British American Tobacco, after its chief executive picked up more than a quarter-of-a-million pounds worth of shares.

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6 Jun 2023 13:20

IN BRIEF: British American Tobacco CEO Marroco buys 10,000 shares

British American Tobacco PLC - London-based maker of cigarettes and vaping products - Chief Executive Tadeu Marroco acquires 10,000 shares at GBP25.74 each, worth GBP257,386, in London on Tuesday. Marroco, who took over as CEO of BAT in May, provided his first trading update on Tuesday, saying he has no plan to change the strategy set out by the company in 2019.

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6 Jun 2023 12:17

LONDON MARKET MIDDAY: FTSE 100 underwhelms as BP and Shell fall

(Alliance News) - Stock prices in London were lower at midday on Tuesday, with the FTSE 100 hurt by share price falls for oil majors, while a less than stellar reading of the UK retail sector kept a lid on sentiment.

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6 Jun 2023 11:02

Uncertainty for BAT's future as strategy shifts to non-combustibles

(Alliance News) - British American Tobacco PLC on Tuesday said it will make no change to strategy under its new chief executive, but despite the company's confidence, analysts warned that BAT's future remains "highly uncertain".

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6 Jun 2023 08:58

LONDON MARKET OPEN: Stocks flat; oil slips amid US recession fear

(Alliance News) - Stock prices in London made little progress at Tuesday's market open, as the spectre of a US recession dulled risk appetite.

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6 Jun 2023 08:49

TOP NEWS: British American Tobacco's glo flickers; no strategy change

(Alliance News) - British American Tobacco PLC will make no change to strategy under its new chief executive, Tadeu Marroco, he affirmed on Tuesday.

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6 Jun 2023 07:49

LONDON BRIEFING: BAT's 'glo' doesn't; ABF buys National Milk Records

(Alliance News) - Stocks in London are expected to drift lower at Tuesday's open, after a weak close on Wall Street.

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6 Jun 2023 07:26

BAT holds guidance, despite struggling US market

(Sharecast News) - Cigarette and vaping products maker British American Tobacco held full-year revenue and profit guidance on Tuesday, with trading weighted towards the second half.

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