|Bid||2,985.00 x 54200|
|Ask||2,987.00 x 67200|
|Day's Range||2,944.00 - 3,019.00|
|52 Week Range||2,336.50 - 4,265.00|
|Beta (3Y Monthly)||1.58|
|PE Ratio (TTM)||11.34|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.03 (6.79%)|
|1y Target Est||3,825.26|
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of tobacco-related diseases over the last five years. The Brazilian solicitor general's office, known as the AGU, announced the lawsuit late on Tuesday against the two multinational companies and their Brazilian subsidiaries, who produce most of the cigarettes sold in the country. The suit seeks to recover the cost of treating patients for 26 illnesses related to smoking tobacco or coming into contact with cigarette smoke, the AGU said in a statement.
The main index, whose companies earn more than two-thirds of their profit from abroad, ended 0.1% higher, while the more domestically-focused FTSE 250 slipped 0.7%. A slump in sterling lifted internationally-exposed companies GlaxoSmithKline, Unilever and AstraZeneca, the biggest boosts to the FTSE 100. Stocks most sensitive to the any increased risk of a hard Brexit stumbled after multiple media reported rumours May's ministers could oust her in a row over her latest deal to exit the European Union.
Altria, Juul and British American Tobacco — the largest U.S. cigarette and e-cigarette manufacturers — are supporting raising the smoking age to 21. Regulators are pressuring them to fix what they're calling an epidemic of teen vaping.
Battered by headwinds from changing consumer habits and a heavy-handed FDA, BTI is down. If the fundamentals check out, this could be a value buy for investors.
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German shares led gains in Europe on Wednesday as robust earnings from the country's Siemens and Wirecard overshadowed mounting worries over a U.S.-China trade deal. Chinese Vice Premier Liu He will travel to Washington on Thursday for two days of trade talks, in a bid to avoid a sharp increase in tariffs on Chinese goods that U.S. President Donald Trump had threatened to impose over the weekend. "The fact that Chinese Vice-Premier Liu He is still expected to arrive in Washington to keep the talks going is probably the reason why this has not turned into an absolute meltdown," Elwin de Groot, head of macro strategy at Rabobank, said.
The FDA in March proposed limiting sales of fruity e-cigarette flavors to age-restricted stores to curb what it has labeled a teen vaping "epidemic." Reynolds says the plan is "overly broad" and the FDA should instead focus on Juul.
The FTSE 100 ended 0.4 percent lower and the more domestically-focused FTSE 250 inched down 0.1 percent. Shell shed 1.4 percent to a month low and BP gave up 2.1 percent, as crude prices weakened after U.S. oil inventories rose more-than-expected with output reaching a new record of 12.3 million barrels per day. As sterling rose to multi-week highs with lingering hopes of progress in cross-party Brexit talks and ahead of Bank of England interest rate meeting on Thursday, exporter companies bore the brunt as much of their revenue is earned in dollars.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines UK ad watchdog probes BAT over e-cigarette Instagram posts ...
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.
The world's second-largest tobacco company, in February, forecast "another year of high single figure adjusted constant currency earnings growth" for 2019 and noted a board proposal to increase its dividend by 4 percent. The maker of Lucky Strike and Dunhill cigarettes had reported higher full-year adjusted sales and profit, boosted by cigarette market share gains and higher sales of vaping devices. "While our business is continuing to perform very well we are very conscious that investor sentiment over the last year has been negatively impacted by concerns over possible regulation in the U.S. and competitor dynamics in new categories resulting in a sharp fall in our share price," Burrows said.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Sergio Bucher is to be replaced as ...
The FDA announces it's investigating nearly three dozen cases of people experiencing seizures after vaping. The agency says it's unclear whether e-cigarettes caused the seizures. Tobacco stocks dipped Wednesday after the Food and Drug Administration said it was investigating nearly three dozen cases of people who had seizures after vaping.
The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader. "None of this guarantees Britain won't bumble out of the EU sans deal, especially given the frothing fury May's cross-party olive branch has caused among the hard right of her Tory party," said Spreadex Analyst Connor Campbell.
The FTSE 100, which earns more than two-thirds of its earnings in U.S. dollars, added 0.6 percent on its best day in a week - and the FTSE 250 was up 0.1 percent. Sterling lost more than a percent as May failed to sway hardline opponents of her European Union divorce deal with an offer to quit, while none of eight indicative options to break the Brexit deadlock won majority support in parliament. Tobacco giant Imperial Brands advanced 2.3 percent and British American Tobacco climbed 2 percent as brokerage Citi hiked rating on both stocks to "Buy" saying regulatory threat will probably move away from cigarettes.
British American Tobacco PLC put one of Canada’s top cigarette distributors into bankruptcy protection in the U.S. after that subsidiary, sued by Quebec smokers in 1998 for hiding health risks, was ordered to pay 9.2 billion Canadian dollars (US$6.9 billion). Officials who put Imperial Tobacco Canada Ltd. into chapter 15 protection in U.S. Bankruptcy Court in New York said the move is meant stop creditors from taking the tobacco held at the company’s Ohio and Montana warehouses while it negotiates a payment plan. Tobacco for its cigarettes, grown in Mexico, is stored in those warehouses as part of its importing process.