47.10 +0.03 (0.06%)
After hours: 4:43PM EDT
|Bid||46.50 x 3100|
|Ask||49.25 x 3200|
|Day's Range||46.55 - 47.22|
|52 Week Range||46.07 - 71.44|
|PE Ratio (TTM)||2.12|
|Forward Dividend & Yield||2.72 (5.67%)|
|1y Target Est||65.50|
The Food and Drug Administration may fast-track the review process for e-cigarettes that include features to make the products less likely to be used by kids, Commissioner Scott Gottlieb told CNBC on Thursday. The FDA ordered five brands — Juul, British American Tobacco's Vuse, Altria's MarkTen, Imperial Brands' Blu E-cigs and Japan Tobacco's Logic — to submit plans within 60 days detailing how they will prevent teens from using their products. The Food and Drug Administration is considering fast-tracking the review process for e-cigarettes that include features that make the products less likely to be used by kids, Commissioner Scott Gottlieb told CNBC on Thursday.
Just like some of his biggest deals, the retirement of British American Tobacco Plc Chief Executive Officer Nicandro Durante doesn’t come at the best of times.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines London mayor steps up battle against surge in violent crime ...
(Reuters) - British American Tobacco Plc (BATS.L) said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, ...
British American Tobacco Plc said on Wednesday its board has identified a lead candidate to succeed Chief Executive Nicandro Durante, who has said he intends to retire on April 1, 2019, after nearly 37 ...
British American Tobacco said Chief Executive Officer Nicandro Durante will step down on April 1.Durante, who has been with the company for almost 37 years, informed the board of his decision to retire, the company said in a statement.
British American Tobacco CEO Nicandro Durante will leave the tobacco giant on April 1, 2019, the company said in a statement on Wednesday. Like its Big Tobacco competitors, BAT is trying to pivot toward nicotine alternatives such as e-cigarettes and, more recently, heat-not-burn tobacco products. British American Tobacco BATS-GB CEO Nicandro Durante will leave the tobacco giant on April 1, 2019, the company said in a statement on Wednesday.
As a result, some good investment opportunities may be found among European companies trading below their Peter Lynch values. Warning! GuruFocus has detected 7 Warning Signs with LSE:BATS. With the belief that good, stable companies eventually trade at 15 times their annual earnings, he compared the price of a stock over time to its earnings.
As of September 17, Altria Group (MO) stock was trading at $62.44, which represents a 7.9% rise since the announcement of its second-quarter earnings on July 26. On September 12, Scott Gottlieb, commissioner of the FDA, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached epidemic proportions. The e-cigarette market is dominated by JUUL, which had 72% of the market share as of mid-August, according to Wells Fargo analyst Bonnie Herzog.
Philip Morris International Inc. (PM), British American Tobacco PLC (BTI), Westpac Banking Corp. (WBK) and National Grid PLC (NGG) have declined to their three-year lows. The prices of Philip Morris International Inc. (PM) shares have declined to $79.33 on Sept. 14, which is only 3.9% above the 3-year low of $76.21. Philip Morris International Inc. is an American international cigarette and tobacco manufacturing company best known for its Marlboro brand.
While Food and Drug Administration Commissioner Scott Gottlieb views tobacco products as a progression of risks, with cigarettes being the most harmful, his agency and its outside advisers dealt possible setbacks to products that deliver nicotine without cancer-causing smoke. The dilemma underscores the difficult balance the FDA is attempting to maintain as it weighs support for new types of cigarette alternatives. Separately, FDA advisers signaled uncertainty on Friday as to whether oral tobacco pouches are less likely to cause some diseases than smoking.
Health and Human Services Secretary Alex Azar said the agency supports the Food and Drug Administration's proposed e-cigarette crackdown. The FDA earlier this week threatened to pull e-cigarettes from shelves if manufacturers do not control teen use. The FDA is specifically ordering five brands — Juul, British American Tobacco's Vuse, Altria's MarkTen, Imperial Brands' Blu E-cigs and Japan Tobacco's Logic — to submit plans within 60 days detailing how they will prevent teens from using their products.
The burgeoning popularity of e-cigarettes among young smokers has caused traditional cigarette industry players a great deal of trouble by eating into their market share. As regulators threatened to pull e-cigarettes from shelves if they do not address "widespread" teen use, shares of Altria Group Inc. ( MO), Philip Morris International Inc. ( PM), British American Tobacco Inc. ( BTI) and London-listed Imperial Brands, all closed up over 3%.
Traditional tobacco companies have seen sales of cigarettes tumble as smoking rates decline but have struggled to develop popular alternatives.
On September 12, Scott Gottlieb, the FDA commissioner, announced that the accelerating trajectory of flavored e-cigarette usage among youths has reached an epidemic proportion. The FDA is considering a policy change that would expel e-cigarette products from the market.
WASHINGTON/LOS ANGELES, Sept 12 (Reuters) - The U.S. Food and Drug Administration is considering a ban on flavored e-cigarettes from Juul Labs and other companies as it grapples with an "epidemic" of youth e-cigarette use that threatens to create a new generation of nicotine addicts, the agency's head said on Wednesday. In a speech at FDA headquarters, Commissioner Scott Gottlieb said the agency would also revisit a policy that extended the dates for some manufacturers of flavored e-cigarettes to get FDA approval before selling their products.
Stocks of big tobacco companies jumped higher on Wednesday after the Food and Drug Administration said it is considering banning all flavored e-cigarettes. "The disturbing and accelerating trajectory of use we're seeing in youth, and the resulting path to addiction, must end,” FDA Commissioner Scott Gottlieb said in a statement. The FDA is sending letters to e-cigarette manufacturers Juull, Vuse, MarkTen, blu e-cigs and Logic and asking them to respond in 60 days with plans to reduce teen use or face having products pulled.
The FDA is considering restricting e-cigarette manufacturers from selling flavored nicotine liquid or making the products undergo an agency review.
Is it time to realign your portfolio with a value investing strategy? Warning! GuruFocus has detected 7 Warning Signs with BTI. British American Tobacco has a market capitalization of $108.23 billion on the New York Stock Exchange.
Shares in Britain's dollar-earning multinationals edged down on Tuesday amid rising tensions between Washington and Beijing, while Ashtead rose on results. The FTSE 100 (.FTSE) ended 0.1 percent lower. Consumer goods giants were among the biggest drags on the FTSE 100, taking a cumulative 12.2 points off the index.
British American Tobacco Plc hasn’t produced adequate data to show its Camel smokeless tobacco pouches are a less risky alternative to cigarettes, according to U.S. regulators, a sign the company may face hurdles as it attempts to develop less-harmful products. Although Camel Snus have lower levels of some potentially harmful chemicals compared with cigarettes, they contain higher amounts of arsenic, cadmium and nicotine, said Food and Drug Administration staff in a briefing document posted online on Tuesday.
On CNBC's "Mad Money Lightning Round", Jim Cramer said he sold his charitable trust fund's position in Western Digital Corp (NASDAQ: WDC) in the $90s and $80s. Box Inc (NYSE: BOX) didn't deliver a perfect quarter, said Cramer. Coupa Software Inc (NASDAQ: COUP) quarter was magnificent, thinks Cramer.