|Bid||46.68 x 1800|
|Ask||46.74 x 800|
|Day's Range||46.60 - 46.87|
|52 Week Range||46.07 - 71.44|
|PE Ratio (TTM)||2.11|
|Forward Dividend & Yield||2.72 (5.67%)|
|1y Target Est||65.50|
Sweeping job cuts by pharmaceutical giant Novartis and an upbeat trading statement by retailer Next are the corporate highlights in Europe Tuesday.
"I am confident that we will take full advantage of these opportunities as we accelerate the transformation of BAT into a stronger multi category tobacco and nicotine products company," Bowles said in a statement revealing his appointment. Shares in the maker of Lucky Strike and Dunhill cigarettes fell by more than 2 percent and were the top loser on the UK bluechip index following the appointment of Bowles, who is chief operating officer of BAT's international business.
British American Tobacco has named a new chief executive just days after current chief Nicandro Durante announced he was stepping down in the wake of share price weakness. Jack Bowles, who is currently BAT’s chief operating officer and was tipped by analysts as a successor to Mr Durante, will take over the helm in March and become chief executive designate on November 1. BAT’s shares have fallen by more than a fifth over the past year.
British American Tobacco Plc picked a 14-year company veteran to become its new chief executive officer as tobacco companies face the possibility that smoking alternatives such as electronic cigarettes will replace their traditional products. Chief Operating Officer Jack Bowles, 54, who has experience running the American, European and Asian regions for BAT, will replace Nicandro Durante, who steps down on April 1, the company said Tuesday, the same day that rival Imperial Brands Plc forecast its revenue from next-generation products could reach 1.5 billion pounds ($2 billion) in 2020. Tobacco companies are searching for cigarette alternatives that have more traction with consumers, such as Philip Morris International Inc.’s iQos product and Juul Labs Inc.’s electronic cigarettes.
Now, a new wave of lower-priced Juul knock-offs is showing up at convenience stores, vape shops and online - despite a U.S. Food and Drug Administration rule banning the sale of new e-cigarette products after August 2016 without regulatory approval. Start-ups and major tobacco firms have launched more than a dozen new high-nicotine devices with Juul-like designs since the FDA imposed the deadline, according to a Reuters review of the companies’ online advertisements, social media posts and public statements. The FDA earlier this month threatened to ban Juul and four other leading vaping products unless their makers take steps to prevent use by minors.
The Food and Drug Administration is eyeing the creation of a regulatory framework for e-cigarettes, a product that government data shows is increasingly popular with teenagers — and tobacco stocks are ...
Coal and cigarettes have been declining industries for years, but Alliance Resources Partners, British American Tobacco, and Altria have been able to pay generous dividends to investors. Can that last for much longer?
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.
has identified an unnamed lead candidate to succeed chief executive Nicandro Durante, who will retire next year after eight years at the helm as the company navigates industry upheaval. The company said 62-year-old Mr Durante, who joined the cigarette maker behind brands such as Dunhill and Kent nearly 37 years ago, planned to retire from April 1 2019. Analysts are tipping BAT’s chief operating officer Jack Bowles and chief marketing officer Andrew Gray as likely frontrunners.
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.