BATS.L - British American Tobacco p.l.c.

LSE - LSE Delayed Price. Currency in GBp
3,000.00
+44.50 (+1.51%)
At close: 4:35PM GMT
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Previous Close2,955.50
Open2,967.00
Bid2,985.00 x 0
Ask3,006.00 x 0
Day's Range2,955.50 - 3,004.50
52 Week Range116.50 - 3,222.00
Volume1,907,940
Avg. Volume4,268,824
Market Cap68.816B
Beta (3Y Monthly)0.58
PE Ratio (TTM)11.17
EPS (TTM)268.60
Earnings DateFeb 26, 2020 - Mar 2, 2020
Forward Dividend & Yield2.03 (6.87%)
Ex-Dividend Date2019-12-24
1y Target Est3,825.26
  • Benzinga

    Which Tobacco Companies Are Most Exposed To E-Cigarette Headwinds?

    With the e-cigarette industry continuing to face fallout from illnesses and deaths linked to vaping, and the regulatory future of the business up in the air, here's a look at which public companies are most exposed to changes in the e-cigarette landscape. The spotlight fell on the companies in a potential $25-billion market again last week when industry officials went to the White House to meet with President Donald Trump, Sen. Mitt Romney and public health advocates in what press accounts said was a testy meeting.

  • FTSE 100 climbs to highest level since August as trade deal optimism returns
    MarketWatch

    FTSE 100 climbs to highest level since August as trade deal optimism returns

    The FTSE 100 climbed to its highest level since August on Wednesday, as Donald Trump ramped up hopes of a trade deal between the U.S. and China.

  • European stocks rise as Trump says U.S. in ‘final throes’ of China trade deal
    MarketWatch

    European stocks rise as Trump says U.S. in ‘final throes’ of China trade deal

    European stocks were pushed higher on Wednesday after Donald Trump said the U.S. and China were in the “final throes” of a trade deal.

  • BAT says U.S vaping slowdown will curb growth of e-cig business
    Reuters

    BAT says U.S vaping slowdown will curb growth of e-cig business

    U.S. health officials have reported more than 2,000 cases of vaping-related lung illness and 47 deaths linked to its use in the country, leading to tighter regulatory scrutiny and individual state bans. This has led to a drop in demand for the devices, pushing BAT to forecast revenue growth in its new categories business - e-cigarettes, tobacco heating and oral products - to be at the low end of its 30-50% target. It had previously anticipated revenue growth in the middle of that range.

  • BAT Lowers Outlook for New Products on U.S. Vaping Slowdown
    Bloomberg

    BAT Lowers Outlook for New Products on U.S. Vaping Slowdown

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British American Tobacco Plc, the maker of Lucky Strike cigarettes, lowered its outlook for full-year sales growth in smoking alternatives as health concerns and a price war weigh on U.S. e-cigarette sales.Makers of vaping devices are vying for market share in the new business as BAT and rival Imperial Brands Plc have run recent promotions for starter kits priced as low as $1. Still, BAT Finance Director Tadeu Marroco reinforced the company’s earnings potential on a call, and the shares rose.Following the outbreak of an illness linked to vaping and growing concerns about teenagers’ adoption of the practice, Massachusetts and New York City have moved to ban sales of flavored liquids for e-cigarettes. President Donald Trump has backed off from such a move, but has said his administration would raise the legal age to buy vaping products to 21.More than 2,000 cases of a mysterious lung disease and 47 deaths have been reported in the U.S. related to vaping, according to the U.S. Centers for Disease Control and Prevention. Health officials are studying whether the cause is vitamin E acetate, which is added to dilute THC that some vapers are using.Sales growth from new products, which also include heated tobacco and oral nicotine, will be in the lower end of a forecast range of 30% to 50%, BAT said. In August the company was guiding to the midpoint. It has spent more than $4 billion to grow in the new segment.The stock gained as much as 2.4% Wednesday, erasing an earlier decline as BAT maintained its forecast for high-single-digit earnings per share growth at constant currencies. Finance Director Tadeu Marroco said the company is “on track for one of our best financial performances in many years,” speaking on a call with analysts.While e-cigarette growth isn’t as strong as BAT hoped, that business is a relatively small and unprofitable one, overshadowed by traditional cigarettes, where BAT is raising prices more than 7% on average.Tobacco companies are engaged in a land grab to establish market share in vaping as smokers increasingly switch to alternatives. BAT said its Vuse brand increased its market share in the U.S. to 17.5%, while Vype reached 11.8% in the U.K. and 19.2% in France.BAT forecasts cigarette consumption to drop 5.5% in the U.S. this year and 4% to 6% next year. Marroco said BAT doesn’t expect any significant switch back to cigarettes from vapers in the U.S. and that a recent slight improvement in cigarette volumes is related to changes in pricing and not due to the vaping slowdown.Michael R. Bloomberg, founder and majority owner of Bloomberg News parent Bloomberg LP, has campaigned and given money in support of a nationwide ban on flavored e-cigarettes and tobacco.(Updates with finance director’s comments in sixth paragraph)To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-European shares continue climb on U.S.-China trade optimism

    European stocks rose for the fourth session on Thursday, as telecom stocks rose after a report that Deutsche Telekom is examining a possible merger with France's Orange, while hopes for an end to the U.S.-China trade dispute also helped the mood. Deutsche Telekom gained 1.3% after the German business daily Handelsblatt report. The pan-European STOXX 600 index finished 0.3% higher at a new 4-four peak as comments from U.S. President Donald Trump on Tuesday that Washington was in the "final throes" of work on a deal continued to buoy the sentiment.

  • Financial Times

    Opening Quote: Private equity cash adds to petrodollar pool at Man City

    Californian private equity house Silver Lake is taking a $500m, 10 per cent stake in the owner of Man City football club, City Football Group. If there’s a concern that Gulf states are using their riches as part of a public-relations campaign to distract against failings elsewhere (not least poor records on human rights) there’s little doubt what private equity is after: returns. Silver Lake has switched from being a tech investor to an entertainment one.

  • Reuters

    UPDATE 2-BAT says U.S vaping slowdown will curb growth of e-cig business

    World No.2 tobacco maker British American Tobacco said on Wednesday a slowdown in the U.S. vaping market would lead to lower revenue growth in its vaping arm even as it gained market share in its traditional cigarettes business. U.S. health officials have reported more than 2,000 cases of vaping-related lung illness and 47 deaths linked to its use in the country, leading to tighter regulatory scrutiny and individual state bans. This has led to a drop in demand for the devices, pushing BAT to forecast revenue growth in its new categories business - e-cigarettes, tobacco heating and oral products - to be at the low end of its 30-50% target.

  • Financial Times

    BAT warns e-cigarette sales growth to hit low end of target

    British American Tobacco, the maker of Dunhill and Lucky Strike cigarettes, has warned that a looming crackdown on e-cigarettes will hit revenues this year even as it increased income from traditional tobacco. In an update on Wednesday, the FTSE 100 company said that revenues from its “new category” products, which include heated tobacco devices and e-cigarettes, would be at the lower end of its targeted 30-50 per cent growth range at constant currencies.

  • Reuters

    CORRECTED-BAT sees annual revenue growth in upper half of 3-5% range

    British American Tobacco, the world's no. 2 tobacco company by revenue, said on Wednesday it expects full-year group revenue to grow in the upper half of its 3-5% long-term target range. The maker of Lucky Strike and Dunhill cigarettes maintained its forecast for adjusted earnings per share growth in the high-single-digit range. The company, however, said it now expects revenue growth in its new categories - e-cigarettes, tobacco heating products and snuff- to be at the lower end of its 30-50% range, reflecting a slowdown in the U.S. vaping market.

  • Financial Times

    BAT’s tobacco strength buys some time in smoking’s decline

    While cigarette sales volumes fell broadly in line with an industry-wide 3.5 per cent decline, BAT said it had been able to charge smokers more this year, and take another 0.2 per cent of the market by value. BAT had to admit that revenues from its “new category” products, which include heated tobacco vapour devices and e-cigarettes, would now rise at the lower end of its 30-50 per cent target range, not the midpoint.

  • Investing.com

    Premarket London: BAT Upbeat Despite U.S. Vaping Crackdown

    Investing.com -- Here is a summary of regulatory releases from the London Stock Exchange on Wednesday, 27th November. Please refresh for updates.

  • UPDATE 3-Trump says ban of some flavored e-cigarette products could lead to illegal sales
    Reuters

    UPDATE 3-Trump says ban of some flavored e-cigarette products could lead to illegal sales

    U.S. President Donald Trump on Friday expressed concerns that enacting his administration's proposed ban on many flavored e-cigarette and vaping products would lead to people obtaining them illegally. Trump also raised worries during a raucous meeting with public health and industry representatives that illegal e-cigarette and vaping products could be substandard. Seated next to U.S. Senator Mitt Romney of Utah, who wants children protected from flavored vaping products, Trump listened to the back-and-forth for nearly an hour, peppering each side with questions to try to determine the best way forward.

  • Barrons.com

    European Stocks Drop Because Of Yet Another Day of China Trade Fears

    European stocks dropped on Thursday on concern the U.S. and China won’t imminently strike a trade deal.

  • European stocks dip on China concerns
    MarketWatch

    European stocks dip on China concerns

    European stocks dropped on Thursday on concern the U.S. and China won’t imminently strike a trade deal.

  • British American Tobacco Named as a Diversity Leader by the Financial Times
    PR Newswire

    British American Tobacco Named as a Diversity Leader by the Financial Times

    LONDON, Nov. 20, 2019 /PRNewswire/ -- British American Tobacco (BAT) has been named as a Diversity Leader by the Financial Times in its inaugural Leaders in Diversity report, published today (20th November). The report, which lists the top 700 companies across 10 European countries, recognises companies that have achieved a diverse and inclusive workforce across a number of criteria.

  • UPDATE 2-Trump to meet with vaping industry as he mulls tighter regulation
    Reuters

    UPDATE 2-Trump to meet with vaping industry as he mulls tighter regulation

    U.S. President Donald Trump said on Monday he will be meeting with vaping industry representatives as his administration considers tightening e-cigarette regulations amid a nationwide outbreak of vaping-related injuries and deaths. "Will be meeting with representatives of the Vaping industry, together with medical professionals and individual state representatives, to come up with an acceptable solution to the Vaping and E-cigarette dilemma. Trump did not give a time for the meeting or offer any other details.

  • How Much Money Do You Need To Start Investing In Stocks?
    Investor's Business Daily

    How Much Money Do You Need To Start Investing In Stocks?

    Contrary to conventional wisdom, you don't need a hefty trust fund or deep pockets like mutual funds and other institutional players to start investing.

  • 6 High-Yielding Dividend Stocks
    GuruFocus.com

    6 High-Yielding Dividend Stocks

    British American Tobacco makes the list Continue reading...

  • Expert witnesses in Big Tobacco cases explain why Juul doesn’t have a ‘get out of jail free card’
    Yahoo Finance

    Expert witnesses in Big Tobacco cases explain why Juul doesn’t have a ‘get out of jail free card’

    As federal and state-level investigations into vaping companies like Juul pile up, experts who testified in Big Tobacco cases say a similar storm is brewing.

  • 8 Lowest Tar and Nicotine Cigarette Brands in 2019
    Insider Monkey

    8 Lowest Tar and Nicotine Cigarette Brands in 2019

    For those looking for a milder taste and lighter effect of a cigarette, we prepared a list of lowest tar and nicotine cigarette brands in 2019. Let’s start off with some crude facts. A cigarette consists of around 600 ingredients, which contain more than 7000 chemicals, of which 4,000 to 5,000 are harmful. Tar and nicotine are only two […]

  • Reuters

    UPDATE 2-Reynolds American files for FDA review of e-cigarette

    British American Tobacco Plc unit Reynolds American Inc said on Friday it had filed for a review of its Vuse e-cigarettes by the U.S. Food and Drug administration, giving it a lead over its main rival Juul Labs Inc. The FDA has set a May 2020 deadline for e-cigarette makers to submit a formal application to keep their products on the market amid its efforts to curb the use of e-cigarette among teens.

  • Hedge Funds Are Dumping British American Tobacco plc  (BTI)
    Insider Monkey

    Hedge Funds Are Dumping British American Tobacco plc (BTI)

    At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]

  • Taking the Tobacco Out of Imperial Didn’t Fix Its Problems
    Bloomberg

    Taking the Tobacco Out of Imperial Didn’t Fix Its Problems

    (Bloomberg Opinion) -- Imperial Brands Plc’s Alison Cooper is stepping down in a cloud of raspberry scented smoke.The timing isn’t surprising. It comes exactly a week after the British-based maker of Davidoff cigarettes and the Blu electronic device, lowered expectations for sales and profits after taking a hit in the U.S. vaping market. The warning brought to a head discussions about the company’s future leadership as the board conducts its search for a successor to Chairman Mark Williamson.Change is clearly needed. The shares of the smallest of the world’s major tobacco companies are roughly back where they were at the start of Cooper’s 9-year watch, having lost more than half of their value since a 2016 peak.Her successor faces a tall order. The new CEO will have to figure out how to make Imperial a strong force in tobacco alternatives. It currently ranks fourth in electronic smoking devices by units sold on a four-week basis. But in the heat-not-burn segment, its Pulze product is a relative newcomer in the Japanese market, where the products have taken hold more quickly than elsewhere. It’s important to have a clear strategy in each segment since no one really knows exactly where the market’s headed.Finding the right path forward won’t be easy, given the crisis engulfing vaping in the U.S., which has prompted efforts by President Donald Trump to ban flavored products and nicotine pads while some retailers including Walmart Inc. have stopped selling e-cigarettes.They must find a way through this. One option would be developing a boarder suite of tobacco alternatives alongside Imperial’s Blu vaping device. Stepping up development in heat-not-burn segment would also be wise.Rival British American Tobacco Plc has hedged its bets, with a presence in both vaping and the heat-not-burn segment. This is a model that Imperial should follow. But this would likely mean more investment.Duncan Fox, an analyst at Bloomberg Intelligence, says Imperial can afford to spend more. First of all, it’s core business of traditional cigarettes ­ — including local brands such as Winston in the U.S. — is cash generative. Plus, its 2 billion-pound ($2.5 billion) asset disposal program and decision to abandon its policy to increase its dividend by 10% annually should give it scope to act.The new chairman must also address corporate governance issues. Bloomberg News reported that investors and analysts had voiced concerns about Imperial’s earnings calculations and strategy.Imperial has long been seen as a takeover target, but it is now particularly vulnerable given the share price weakness and that industry consolidation is back on the agenda, even after Altria Group Inc. and Philip Morris International Inc. called off their merger talks.Japan Tobacco Inc. is often mooted as the likely predator, although it would have to find a way to deal with competition constraints.If the new chairman and chief executive don’t raise their game on alternatives, then someone else might light up even more radical change for them.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-U.S. House panel asks e-cigarette companies to cease advertising

    A U.S. House panel sent letters to four e-cigarette companies asking them to stop all print, broadcast and digital advertising of their products in the United States, the same day as market-leader Juul said it would pull its ads, the panel said on Thursday. "I am writing today to respectfully, but strongly, request your company to do the same," Representative Raja Krishnamoorthi, chairman of the House Oversight subcommittee on economic and consumer policy, wrote on Wednesday to Fontem Ventures, Japan Tobacco International Inc, Reynolds American Inc and NJOY LLC. The panel's request comes amid an outbreak of vaping related illnesses.