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17 February 2021 | 07:32am StockMarketWire.com - Tobacco giant British American Tobacco reported a rise in annual profit as higher cigarette prices and strong momentum in its non-combustible products including vaping. For the year ended 31 December, pre-tax profit rose to £8.67 billion from £7.91 billion year-on-year, while revenue fell 0.4% to £25.78 billion. Last year, the company increased the number of consumers of its non-combustible products by 3 million to 13.5 million, doubling the rate of consumer adoption in the second half of 2020. 'We have excellent momentum in new categ...

17 February 2021 | 12:02pm StockMarketWire.com - The FTSE 100 dipped 0.14% to 6,739.27 on Wednesday as a higher-than-expected reading of UK inflation stoked some fears over rising prices. In the US futures markets suggested a similarly tepid feel to trading on Wall Street, with retail sales data scheduled to be released. British American Tobacco dropped 4% to £26.38, even as it reported a rise in annual profit, citing strength at its vaping business. The tobacco giant upped its dividend 2.5% to 215.6, while guiding for 3-5% constant-currency revenue growth in 2021 and mid-single-digit percen...

FTSE slump deepens on weak US open

19 January 2021 | 08:23am StockMarketWire.com - Tobacco giant British American Tobacco said Zafar Khan, currently head of new categories operations would succeed Alan Davy as new operations director. Davy would step down from the board on 31st January 2021 and leave the group on 31st May 2021 to 'pursue new challenges and spend more time with his family,' the company said. Khan started with BAT in his home country of Pakistan 24 years ago, since then he had acquired 'extensive global operations and supply chain experience, including regional operations director of Asia Pacific and Middle East...

15 January 2021 | 09:17am StockMarketWire.com - The FTSE 100 opened lower this morning over fears the UK is on the brink of a double-dip recession after official figures confirmed a slump in November. The Office for National Statistics said that GDP fell 2.6% in November as the second wave of the Covid-19 pandemic took hold. At 0845 GMT the benchmark index was down 41.12 points, or 0.60% to 6,760.84. Engineering and industrial software company Aveva said revenue increased about 1.5% in the nine months to 31 December 2020, underpinned by a contract renewals in the final quarter of the year. It...