lonbats
British American Tobacco PLC (LON:BATS)’s half-year results have come in a little above market expectations. Revenues were up by 3.7%, driven by growth in New Categories of 45%. Underlying operating profits of £5,645m were 4.9% ahead of the prior year and the group generated £3,221m of cash during the period. The stock edged 1% higher in early markets. Q2 2022 hedge fund letters, conferences and more British American Tobacco's EarningsSteve Clayton, fund manager at HL Select: “These results show a solid performance from BAT, with New Categories of potentially reduced risk products now contribu...
ValueWalk
British American Tobacco (LON:BATS) issued a half-year update today, raising revenue guidance for the year to an underlying rate of over 5%.BATS highlighted solid underlying progress, with accelerated growth in its New Generation Products (NGP) division and a robust performance from traditional tobacco products.Currency movements threaten to outweigh the Group’s progress at the reported level, if rates remain at current levels.The market focused on the underlying progress, lifting the shares by 1% in early trade.Q1 2021 hedge fund letters, conferences and more Commenting on the statement, Stev...
ValueWalk
Look ahead to FTSE 350 & other companies reporting from 7 to 11 June Q1 2021 hedge fund letters, conferences and more British American Tobacco PLC (LON:BATS) will tell us how guidance is holding up as we reopenSlow return to travel a drag on recovery for Ritazza and Upper Crust owner__SSP Group PLC \(LON:SSPG\)__We’ll find out how much slack the online business has managed to pick up at Industria de Diseno Textil SA (BME:ITX)Recovery likely to rev up atAuto Trader Group PLC (LON:AUTO) as used car prices riseTed Baker plc (LON:TED)'s results will reveal whether the firm can execute on its strat...
ValueWalk
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