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British American Tobacco PLC (BATS.L)

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Latest Key Developments (Source: Significant Developments)

British American Tobacco says CEO Nicandro Durante Informed Board His Intention To Retire On 1 April 2019
Wednesday, 19 Sep 2018 06:00pm EDT 

Sept 19 (Reuters) - British American Tobacco PLC ::NICANDRO DURANTE HAS INFORMED THE BOARD OF HIS INTENTION TO RETIRE ON 1 APRIL 2019.BOARD HAS IDENTIFIED A LEAD CANDIDATE TO SUCCEED NICANDRO; WILL MAKE A FURTHER ANNOUNCEMENT IN DUE COURSE.  Full Article

British American Tobacco CEO Nicandro Durante Is Preparing To Step Down - Sky News
Wednesday, 19 Sep 2018 03:43pm EDT 

Sept 19 (Reuters) - :CHIEF EXECUTIVE OF BRITISH AMERICAN TOBACCO NICANDRO DURANTE IS PREPARING TO STEP DOWN - SKY NEWS.  Full Article

BAT CEO comments on next-gen products
Thursday, 22 Feb 2018 04:47am EST 

Feb 22 (Reuters) - British American Tobacco Plc ::BRITISH AMERICAN TOBACCO CEO SAYS IS ENCOURAGED BY FDA'S POSITION ON NEXT GENERATION PRODUCTS.BRITISH AMERICAN TOBACCO CEO SAYS ABOUT HALF OF 2018 US CORPORATE TAX BENEFIT TO BE REINVESTED IN NEXT-GENERATION PRODUCTS.BRITISH AMERICAN TOBACCO CEO SAYS SAVINGS FROM REYNOLDS DEAL ARE FLOWING THROUGH FASTER THAN ANTICIPATED.BRITISH AMERICAN TOBACCO CEO SAYS ON TRACK TO DELIVER COST SYNERGIES OF $400 MILLION.BAT CEO SAYS SUBSTANTIAL EQUIVALENCE APPLICATION FOR CARBON TIPPED PRODUCT ACCEPTED BY FDA AND MOVED TO SCIENTIFIC REVIEW.BAT CEO SAYS AWAITS FINAL DECISION FROM FDA AROUND MID-YEAR.BAT CEO SAYS ON TRACK TO SUBMIT SUBSTANTIAL EQUIVALENCE APPLICATION TO FDA FOR GLO THIS MONTH.BAT CEO SAYS EXPECTS CAPACITY OF GLO TO BECOME UNCONSTRAINED BY THE SECOND QUARTER.BAT CEO SAYS ON TRACK FOR VAPING BUSINESS TO BREAK EVEN THIS YEAR.BAT CEO SAYS EXPECTS GLO TO REACH ANNUALIZED CAPACITY FOR 25 MILLION UNITS BY END OF YEAR.  Full Article

INTERVIEW-BAT aims for high single-digit EPS growth as rolls out tobacco heating
Thursday, 22 Feb 2018 03:14am EST 

Feb 22 (Reuters) - British American Tobacco Plc ::INTERVIEW-BRITISH AMERICAN TOBACCO EXEC SEES HIGH-SINGLE DIGIT EPS GROWTH IN 2018, GROWTH SKEWED TOWARD BACK HALF OF YEAR DUE PARTLY TO INVESTMENTS.INTERVIEW-BRITISH AMERICAN TOBACCO EXEC SEES US TAX CHANGE FLATTERING 2018 EPS BY ABOUT 6 PERCENT.INTERVIEW-BRITISH AMERICAN TOBACCO EXEC SEES LAUNCHING ITS TOBACCO HEATING PRODUCTS IN 14 ADDITIONAL MARKETS IN 2018, AMBITION TO HIT 1 BILLION POUNDS OF REVENUE.INTERVIEW-BRITISH AMERICAN TOBACCO EXEC SAYS DOES NOT SEE MORE BIG DEALS IN THE SHORT TO MEDIUM TERM.  Full Article

BAT Says U.S. Tax Reform To Result In Non-Cash Exceptional Tax Credit
Tuesday, 9 Jan 2018 02:00am EST 

Jan 9 (Reuters) - British American Tobacco Plc ::IMPACT ON BAT OF NEW US TAX LEGISLATION.‍FOR YEAR TO 31 DECEMBER 2017 ANNOUNCED CHANGES WILL HAVE NO IMPACT ON GROUP'S UNDERLYING EFFECTIVE TAX RATE​.‍FOR YEAR TO 31 DEC, CURRENTLY ANTICIPATE THAT CHANGES WILL REDUCE GROUP'S EFFECTIVE TAX RATE PERCENTAGE TO HIGH-TWENTIES​.‍ANTICIPATE THAT CHANGES WILL RESULT IN A NON-CASH EXCEPTIONAL TAX CREDIT AS A RESULT OF REVALUATION OF DEFERRED TAX BALANCES ​.‍ALL OTHER THINGS BEING EQUAL, CHANGES WOULD RESULT IN A BENEFIT OF 6% TO FULL YEAR 2018 EARNINGS PER SHARE​.‍NON-CASH EXCEPTIONAL TAX CREDIT AS A RESULT OF REVALUATION OF DEFERRED TAX BALANCES ARISING FROM ACQUISITION OF REYNOLDS AMERICAN INC​.  Full Article

U.S. FDA Accepts And Files Modified Risk Tobacco Product Applications For Camel Snus
Monday, 18 Dec 2017 12:55pm EST 

Dec 18 (Reuters) - Reynolds American::U.S. FDA ACCEPTS AND FILES MODIFIED RISK TOBACCO PRODUCT APPLICATIONS FOR CAMEL SNUS.REYNOLDS AMERICAN SAYS FDA ACCEPTED, FILED FOR SUBSTANTIVE REVIEW, 18 MRTP APPLICATIONS COVERING 6 STYLES OF CAMEL SNUS.REYNOLDS AMERICAN SAYS MRTP APPLICATION(S) WILL NOW UNDERGO A SUBSTANTIVE REVIEW PROCESS BY FDA THAT IS EXPECTED TO BE COMPLETED WITHIN A YEAR‍​.  Full Article

British American Tobacco Says ‍Trading Is In Line With Expectations​
Wednesday, 13 Dec 2017 02:00am EST 

Dec 13 (Reuters) - British American Tobacco Plc ::‍TRADING IS IN LINE WITH OUR EXPECTATIONS​.‍FULL YEAR EPS TO BENEFIT FROM A REDUCED CURRENCY TRANSLATION TAILWIND OF 5%​.‍ANTICIPATE FULL YEAR INDUSTRY VOLUME TO BE DOWN AROUND 4%​.‍ORGANIC PRICE MIX IS EXPECTED TO MODERATE IN H2​.‍FULL YEAR ORGANIC PRICE MIX IS EXPECTED TO REMAIN WITHIN HISTORIC RANGES​.‍REYNOLDS AMERICAN INC. (RAI) INTEGRATION ON TRACK, WITH BUSINESSES PERFORMING STRONGLY, DRIVEN BY GOOD SHARE GROWTH AND PRICING​.  Full Article

British American Tobacco ‍Declares Second Interim Dividend
Tuesday, 5 Dec 2017 02:00am EST 

Dec 5 (Reuters) - British American Tobacco Plc ::‍DECLARED A SECOND INTERIM DIVIDEND OF 43.6 PENCE PER ORDINARY SHARE OF 25P FOR YEAR ENDING 31 DECEMBER 2017​.SECOND INTERIM DIVIDEND WILL BE PAYABLE ON 8 FEB 2018.  Full Article

British American Tobacco re-jigs regional management structure
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - BRITISH AMERICAN TOBACCO PLC ::TO SIMPLIFY REGIONAL STRUCTURE AND TO FULLY INTEGRATE OUR NEXT GENERATION PRODUCTS BUSINESS INTO CORE OPERATIONS OF GROUP.JACK BOWLES, REGIONAL DIRECTOR, ASIA-PACIFIC, WILL BE APPOINTED TO NEWLY CREATED ROLE OF COO FOR INTERNATIONAL BUSINESS, EXCLUDING UNITED STATES.RICARDO OBERLANDER, REGIONAL DIRECTOR, AMERICAS, WILL BE APPOINTED REGIONAL DIRECTOR, AMERICAS AND SUB-SAHARAN AFRICA.TADEU MARROCO, REGIONAL DIRECTOR, WESTERN EUROPE, WILL BE APPOINTED REGIONAL DIRECTOR, EUROPE AND NORTH AFRICA.JOHAN VANDERMEULEN, REGIONAL DIRECTOR, EEMEA, WILL BE APPOINTED REGIONAL DIRECTOR, ASIA-PACIFIC AND MIDDLE EAST.ANDREW GRAY, DIRECTOR, MARKETING, WILL BE APPOINTED CHIEF MARKETING OFFICER, REPORTING DIRECTLY TO CHIEF EXECUTIVE, WITH EFFECT FROM OCT 1 2017.  Full Article

British American Tobacco recommends stockholders reject mini-tender offer by TRC Capital Corp
Thursday, 17 Aug 2017 05:50am EDT 

Aug 17 (Reuters) - BRITISH AMERICAN TOBACCO PLC ::NOTIFIED OF UNSOLICITED 'MINI-TENDER' OFFER BY TRC CAPITAL TO BUY UP TO 2 MILLION ADS OF BAT AT A PRICE OF $60.13 PER ADS IN CASH.DOES NOT ENDORSE TRC'S MINI-TENDER OFFER AND RECOMMENDS THAT BAT ADS HOLDERS DO NOT TENDER THEIR ADSS IN RESPONSE TO OFFER.  Full Article

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British American Tobacco has candidate to replace retiring chief exec

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 years with the company.