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British American Tobacco (GB:BATS)
LSE:BATS

British American Tobacco (BATS) AI Stock Analysis

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British American Tobacco

(LSE:BATS)

69Neutral
British American Tobacco's stock score is bolstered by strong cash flow generation and a high dividend yield, making it appealing to certain investors. However, concerns about earnings stability and challenges highlighted in the earnings call weigh on the overall assessment. The technical indicators suggest a stable trend but lack strong momentum signals, while valuation remains moderately attractive.
Positive Factors
Innovation and Investment
BAT notes an H2 acceleration in line with expectations, driven by New Categories innovation phasing, benefits of H1 investments in US combustibles commercial actions and an unwind of wholesaler inventory moves.
Profitability and Deleveraging
British American Tobacco has improved profitability of new categories, taken action to address underperformance in US combustibles, and made progress on deleveraging enabling share buybacks to recommence.
Negative Factors
US Combustibles Performance
US cigarettes have held back performance for British American Tobacco, with limited visibility on declines easing.
Vapour Volume Concerns
Recent weakness in vapour volume growth raises questions, with H1 24 vapour volume declining by 9% year-over-year.

British American Tobacco (BATS) vs. S&P 500 (SPY)

British American Tobacco Business Overview & Revenue Model

Company DescriptionBritish American Tobacco (BATS) is a leading global consumer goods company that operates in the tobacco and nicotine products industry. With a rich heritage dating back to 1902, the company is headquartered in London, United Kingdom, and has a diversified portfolio of products. The core offerings include traditional combustible tobacco products such as cigarettes and cigars, alongside a growing range of reduced-risk products like vapour, tobacco heating products, and oral nicotine pouches. BATS is committed to delivering 'A Better Tomorrow' by reducing the health impact of its business through offering consumers a greater choice of enjoyable and less risky products.
How the Company Makes MoneyBritish American Tobacco generates revenue primarily through the sale of tobacco and nicotine products. The company's key revenue streams include the sale of combustible products, which remain a significant portion of its income, though it is increasingly focusing on its New Categories portfolio, which includes vapour products, tobacco heating products, and modern oral products. BATS employs a multi-category strategy to cater to a broad range of consumer preferences, aiming to transition adult smokers to these reduced-risk alternatives. Additionally, BATS benefits from its strong global distribution network and significant market presence across various geographical regions, which supports its sales. The company also engages in strategic partnerships and acquisitions to enhance its product offerings and market reach. Furthermore, BATS has been investing in research and development to innovate and expand its portfolio, which plays a critical role in its long-term growth strategy.

British American Tobacco Financial Statement Overview

Summary
British American Tobacco shows strong gross profitability and cash flow generation. However, volatility in net income and EBIT due to 2023's negative figures raises concerns about earnings stability. The balance sheet shows improved equity strength and zero debt in 2024, indicating strategic deleveraging.
Income Statement
65
Positive
The company's gross profit margin remains robust at approximately 82.8% for 2024, indicating strong profitability inherent to the tobacco industry. However, there is a significant volatility in net income, with a sharp decline in revenue growth and a negative EBIT margin in 2023 due to extraordinary expenses or impairments. The company returned to profitability in 2024, but the inconsistency poses a concern.
Balance Sheet
58
Neutral
The equity ratio improved to 41.8% in 2024, reflecting a more solid equity base compared to previous years. However, the absence of debt in 2024 is notable, suggesting significant restructuring or paydown. The return on equity is strong at 6.2%, though below its historical performance, indicating room for improvement in generating returns for shareholders.
Cash Flow
72
Positive
Operating cash flow remains strong, with a free cash flow to net income ratio of 3.1 in 2024, indicating efficient cash generation relative to net income. While free cash flow growth has seen fluctuations, the company maintains positive free cash flow, which supports operations and potential shareholder returns.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
33.10B25.87B27.28B27.66B25.68B25.78B
Gross Profit
26.97B21.43B22.39B23.10B21.09B21.33B
EBIT
-14.08B2.74B-15.75B10.52B10.91B10.94B
EBITDA
16.17B7.74B13.28B11.59B11.19B10.71B
Net Income Common Stockholders
-23.01B3.07B-14.37B6.67B6.80B6.40B
Balance SheetCash, Cash Equivalents and Short-Term Investments
4.13B5.81B5.26B4.03B3.27B3.38B
Total Assets
146.07B118.90B118.72B153.55B137.37B137.69B
Total Debt
42.17B0.0039.73B43.14B39.66B43.97B
Net Debt
38.49B-5.30B35.07B39.69B36.85B40.83B
Total Liabilities
73.44B68.90B65.78B77.84B69.96B74.73B
Stockholders Equity
72.30B49.64B52.57B75.37B67.10B62.67B
Cash FlowFree Cash Flow
13.53B9.52B10.25B9.87B9.19B9.28B
Operating Cash Flow
14.17B10.13B10.71B10.39B9.72B9.79B
Investing Cash Flow
2.19B1.38B-296.00M-705.00M-1.14B-783.00M
Financing Cash Flow
-12.79B-10.63B-9.31B-8.88B-8.75B-7.90B

British American Tobacco Technical Analysis

Technical Analysis Sentiment
Negative
Last Price3101.00
Price Trends
50DMA
3101.64
Negative
100DMA
2978.30
Positive
200DMA
2773.79
Positive
Market Momentum
MACD
25.17
Negative
RSI
65.26
Neutral
STOCH
72.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BATS, the sentiment is Negative. The current price of 3101 is below the 20-day moving average (MA) of 3117.65, below the 50-day MA of 3101.64, and above the 200-day MA of 2773.79, indicating a neutral trend. The MACD of 25.17 indicates Negative momentum. The RSI at 65.26 is Neutral, neither overbought nor oversold. The STOCH value of 72.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:BATS.

British American Tobacco Risk Analysis

British American Tobacco disclosed 10 risk factors in its most recent earnings report. British American Tobacco reported the most risks in the “Legal & Regulatory” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

British American Tobacco Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£117.64B24.0630.27%3.15%-0.76%-12.83%
GBIMB
80
Outperform
£23.27B9.4045.59%5.43%2.26%19.15%
GBRKT
75
Outperform
£34.68B24.9618.88%3.86%-3.00%-11.12%
GBGSK
72
Outperform
£57.57B22.4419.06%4.30%3.46%-48.06%
69
Neutral
£68.07B22.695.92%7.59%-5.19%
62
Neutral
$20.22B13.99-16.14%3.22%1.15%3.41%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BATS
British American Tobacco
3,101.00
957.03
44.64%
GB:ULVR
Unilever
4,694.00
1,000.14
27.08%
GB:GSK
GlaxoSmithKline
1,417.50
-138.96
-8.93%
GB:RKT
Reckitt
5,082.00
1,016.46
25.00%
GB:IMB
Imperial Brands
2,825.00
1,197.55
73.58%

British American Tobacco Earnings Call Summary

Earnings Call Date: Feb 13, 2025 | % Change Since: -6.86% | Next Earnings Date: Jul 31, 2025
Earnings Call Sentiment Neutral
While there were notable achievements in smokeless revenue growth and financial flexibility, significant challenges remain such as U.S. revenue decline, illicit vapor competition, and external headwinds in Bangladesh and Australia. The outlook for 2025 includes these headwinds, with an expectation for improvement in 2026.
Highlights
Smokeless Revenue Growth
Smokeless accounts for 17.5% of group revenue, up 1 percentage point versus last year. Modern Oral category revenue grew 53% in 2024, with strong growth across all regions.
New Category Contribution Increase
New category contribution increased by GBP251 million with a 7 percentage point rise in category contribution margin on an organic constant rates basis.
Improved Financial Flexibility
Leverage reduced to 2.4 times, enabling the initiation of sustainable share buyback and a 2% growth in progressive dividend announced.
Operating Cash Conversion
Operating cash conversion exceeded 100% for the fifth year reflecting strong cash discipline.
Modern Oral Market Leadership
In AME, the company led the Modern Oral category with 65% volume share, and Velo captured 70% of category revenue growth.
Lowlights
U.S. Revenue Decline
U.S. revenue declined by 3.4%, driven by commercial actions implemented over the last 18 months and macroeconomic pressures.
Challenges in Vapor Market
Vapor revenue fell by 2.5% due to weak enforcement against illicit single-use vapes in the U.S. and Canada which distorted competition.
Bangladesh and Australia Headwinds
Significant headwinds expected from Bangladesh due to sharp excise and price increases, and new tobacco regulations in Australia contributing to an estimated 1% impact on 2025 group revenue growth and close to 2% on group APFO growth.
Canadian Litigation Provision
A provision of GBP6.2 billion for Canada's CCAA proposed plan was recognized, impacting reported results.
Company Guidance
During the call, guidance for the company's financial outlook was provided with several key metrics and targets outlined. The company aims to return to 3% to 5% revenue growth and 4% to 6% adjusted profit from operations (APFO) growth, adjusted for Canada at constant rates by 2026. For 2025, they anticipate revenue growth of around 1% and APFO growth between 1.5% and 2.5%, considering headwinds from Bangladesh and Australia, which are expected to impact group revenue and APFO by 1% and close to 2%, respectively. They also highlighted the implementation of dashboards across business units to enhance decision-making and drive transformation, with a focus on maintaining financial resilience and fueling growth in new categories. The company remains committed to rewarding shareholders with a progressive dividend, which saw a 2% increase, and a sustainable share buyback program. They also aim to manage leverage within their target range of 2 to 2.5 times post-settlement of the Canada CCAA plan by the end of 2026.

British American Tobacco Corporate Events

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Apr 7, 2025

British American Tobacco PLC announced the purchase of 128,977 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted with UBS AG, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interests.

Business Operations and Strategy
British American Tobacco Executives Acquire Shares Under Incentive Plan
Positive
Apr 4, 2025

British American Tobacco has announced that several of its executive directors and other key managerial personnel have purchased ordinary shares under the Partnership Share Scheme, a HMRC-approved Share Incentive Plan. This move, involving the acquisition of shares at a price of £31.83013 each, reflects the company’s commitment to aligning the interests of its leadership with those of its shareholders, potentially strengthening stakeholder confidence and reinforcing its market position.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Apr 4, 2025

British American Tobacco announced the repurchase of 130,448 of its ordinary shares as part of its ongoing buyback program. This transaction, authorized by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest notifications under regulatory guidelines.

Executive/Board ChangesFinancial Disclosures
British American Tobacco Announces Share Transactions for Key Executives
Neutral
Apr 3, 2025

British American Tobacco has announced the release and subsequent sale of shares under its 2022 International Share Reward Scheme. This notification involves several key managerial figures, including directors and regional directors, who have been allocated shares as part of their compensation package. The transactions, conducted outside a trading venue, reflect the company’s ongoing commitment to reward its management team, potentially impacting its financial reporting and stakeholder relations.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Awards Shares to Key Executives
Positive
Apr 3, 2025

British American Tobacco has announced the award of ordinary shares to several executive directors and key managerial personnel under its 2025 Share Reward Scheme. This move, involving notable figures such as the Chief Executive and Chief Financial Officer, underscores the company’s commitment to incentivizing its leadership team, potentially impacting its operational focus and aligning management interests with those of shareholders.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Apr 3, 2025

British American Tobacco has repurchased 129,815 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This move reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests in line with regulatory requirements.

Executive/Board Changes
British American Tobacco Releases Shares to CEO Under Incentive Plan
Neutral
Apr 2, 2025

British American Tobacco announced the release of 67,109 ordinary shares to its Chief Executive, Tadeu Marroco, under the 2020 Long-Term Incentive Plan. Additionally, 31,544 shares were sold to cover tax liabilities associated with the vesting of this plan, generating approximately £1,003,730.08. This transaction highlights the company’s ongoing commitment to rewarding its executives while managing financial obligations effectively.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback to Optimize Capital Structure
Positive
Apr 2, 2025

British American Tobacco p.l.c. announced the purchase of 128,601 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, is part of a strategy to manage the company’s capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights. This move reflects the company’s efforts to optimize its financial operations and maintain a strong market position.

Regulatory Filings and Compliance
British American Tobacco Announces Share Capital and Voting Rights Update
Neutral
Apr 1, 2025

British American Tobacco has announced its issued share capital as of March 31, 2025, which consists of over 2.2 billion ordinary shares with voting rights. The company also holds over 133 million shares in treasury. This information is crucial for shareholders to determine their voting rights interest or any changes to it, in compliance with the FCA’s Disclosure Guidance and Transparency Rules.

Other
British American Tobacco Announces Internal Share Transfer
Neutral
Mar 31, 2025

British American Tobacco has disclosed a transaction involving James Murphy, Director of Research and Science, who transferred 6,202 ordinary shares between his own accounts at nil consideration. This internal transaction, conducted outside a trading venue, reflects routine managerial adjustments and is unlikely to have significant implications for stakeholders or the company’s market positioning.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback Program
Positive
Mar 31, 2025

British American Tobacco has executed a share buyback program, purchasing 130,932 of its ordinary shares at an average price of 3,131.3859 pence per share. The company intends to cancel these shares, which will result in a total of 2,202,512,986 ordinary shares in issue, excluding treasury shares. This move is part of a strategy to optimize the capital structure and potentially enhance shareholder value.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Releases Shares Under Executive Plan
Neutral
Mar 28, 2025

British American Tobacco has announced the release of ordinary shares under its 2022 Restricted Share Plan to several key executives, including Jerome Abelman, James Barrett, Luciano Comin, and Michael Dijanosic. These transactions, which include sales to cover tax liabilities, reflect the company’s ongoing efforts to manage executive compensation and align management interests with shareholder value, potentially impacting the company’s financial strategies and stakeholder relations.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Executives Engage in Share Transactions Under Incentive Plan
Neutral
Mar 28, 2025

British American Tobacco announced the release and subsequent sale of shares under its 2022 Long-Term Incentive Plan for several key executives. This move involves the distribution of ordinary shares to directors and officers, such as Jerome Abelman, James Barrett, Luciano Comin, and Michael Dijanosic, with some shares sold to cover tax liabilities. The transactions, conducted outside a trading venue, reflect the company’s ongoing efforts to align executive compensation with long-term performance goals, potentially impacting shareholder value and executive engagement.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Releases Shares Under Executive Bonus Scheme
Neutral
Mar 28, 2025

British American Tobacco announced the release of ordinary shares under the 2022 Deferred Share Bonus Scheme to several executives, including the Chief Executive and other directors. These transactions, which involved both the release and subsequent sale of shares to cover tax liabilities, highlight the company’s ongoing commitment to executive compensation and financial management strategies. The impact of these transactions on the company’s operations or market positioning is not explicitly detailed in the release, but such moves are typically part of broader efforts to align management incentives with shareholder interests.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 28, 2025

British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 132,272 of its ordinary shares from UBS AG as part of its ongoing buyback program. This move is intended to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following the cancellation of the purchased shares, the company will have 2,202,404,061 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under FCA regulations.

Business Operations and StrategyRegulatory Filings and Compliance
British American Tobacco Announces Major Holdings Change
Neutral
Mar 27, 2025

British American Tobacco has announced a change in major holdings, with Spring Mountain Investments Ltd acquiring a significant percentage of voting rights. This acquisition, which crosses a notable threshold, may impact the company’s governance and influence its strategic decisions, reflecting a shift in stakeholder dynamics.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Mar 27, 2025

British American Tobacco announced the repurchase of 112,000 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, reflects the company’s strategy to manage its share capital and potentially enhance shareholder value. Following this purchase, the company will have over 2.2 billion ordinary shares in issue, excluding treasury shares, which may impact shareholder interests and regulatory disclosures.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Positive
Mar 26, 2025

British American Tobacco p.l.c. has executed a share buyback, purchasing 112,000 of its ordinary shares as part of a program authorized by shareholders. The shares, bought at an average price of 3,149.7854 pence, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value. This move aligns with the company’s strategy to optimize its capital structure and return value to shareholders.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback Program
Neutral
Mar 25, 2025

British American Tobacco p.l.c. announced the repurchase of 112,000 of its ordinary shares as part of its buyback program. The shares were purchased at prices ranging from 3,151.00 to 3,177.00 pence and will be canceled, reducing the number of shares in issue. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting shareholder interests and market perception.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Mar 24, 2025

British American Tobacco announced the purchase of 111,475 of its ordinary shares as part of a buyback program authorized by shareholders. This transaction, conducted through UBS AG, is part of a strategy to manage the company’s capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and require notifications under regulatory rules.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Grants Conditional Share Awards to Key Executives
Positive
Mar 21, 2025

British American Tobacco has announced the granting of conditional share awards to several key managerial personnel under its Restricted Share Plan. These awards, priced at 3,179 pence per share, will vest after three years without further performance conditions, reflecting the company’s commitment to incentivizing its leadership team. This move is likely to strengthen the alignment of managerial interests with shareholder value, potentially impacting the company’s operational focus and stakeholder confidence.

Business Operations and Strategy
British American Tobacco Grants Conditional Share Awards to Senior Management
Neutral
Mar 21, 2025

British American Tobacco announced the granting of conditional share awards to its senior management under the Long Term Incentive Plan. These awards, which were granted at a price of 3,179 pence per share, will vest in three years subject to performance conditions. This move is part of the company’s strategy to incentivize its leadership team, potentially impacting its operational focus and aligning management interests with shareholder value.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Grants Conditional Share Awards to Executives
Positive
Mar 21, 2025

British American Tobacco has announced the granting of conditional share awards to its executive directors and other key managerial personnel under the Deferred Share Bonus Scheme. These awards, priced at 3,179 pence per share, will vest after three years without additional performance conditions. This move is part of the company’s strategy to incentivize and retain top management talent, potentially impacting its operational efficiency and market positioning.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Mar 21, 2025

British American Tobacco p.l.c. has executed a buyback of 111,000 ordinary shares as part of its ongoing share repurchase program. This transaction, conducted with UBS AG, reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

Stock Buyback
British American Tobacco Executes Share Buyback Program
Neutral
Mar 20, 2025

British American Tobacco has executed a share buyback, purchasing 108,258 of its ordinary shares as part of a previously announced program. The company intends to cancel these shares, which will result in a reduction of its total shares in issue, potentially impacting shareholder interests and voting rights.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Neutral
Mar 19, 2025

British American Tobacco announced the purchase of 109,000 of its own shares as part of a buyback program, with plans to cancel these shares. This transaction, executed through UBS AG, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The buyback reduces the number of shares in circulation, which can impact voting rights and shareholder notifications under regulatory guidelines.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 17, 2025

British American Tobacco announced the repurchase of 109,000 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, is part of the company’s strategy to manage its capital structure and return value to shareholders. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights and interests.

Dividends
British American Tobacco Finalizes May 2025 Dividend Details
Neutral
Mar 17, 2025

British American Tobacco has announced the finalization details for its May 2025 dividend, part of a series of quarterly dividends declared for the year ending December 2024. The dividend, amounting to 60.06p per ordinary share, will be distributed to shareholders on the UK and South Africa registers, with South African shareholders receiving their dividends in rand. The exchange rate for the conversion has been set, and the applicable South Africa Dividends Tax will be withheld unless exemptions apply. This announcement underscores the company’s commitment to returning value to its shareholders while navigating the complexities of international taxation and currency exchange.

Dividends
British American Tobacco Finalizes May 2025 Dividend Details
Positive
Mar 17, 2025

British American Tobacco has announced the finalization details for its May 2025 dividend payment, part of a series of quarterly dividends declared for the year ending December 2024. Shareholders on the South Africa branch register will receive dividends in rand, with the exchange rate set at £:R=23.7081, resulting in a net dividend of 1139.12679 SA cents per share after a 20% South Africa Dividends Tax. This announcement underscores the company’s commitment to maintaining shareholder value and provides clarity on the financial implications for its South African stakeholders.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Mar 14, 2025

British American Tobacco announced the repurchase of 108,728 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted with UBS AG, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,203,524,719 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is part of the company’s strategy to manage its capital structure and deliver value to its shareholders.

Private Placements and FinancingBusiness Operations and StrategyRegulatory Filings and Compliance
British American Tobacco Publishes £25 Billion Euro Medium Term Note Prospectus
Neutral
Mar 13, 2025

British American Tobacco has announced the approval and publication of a Base Prospectus for its £25 billion Euro Medium Term Note Programme. This development, approved by the Financial Conduct Authority, is a significant step in BAT’s financial strategy, potentially impacting its market positioning and providing opportunities for stakeholders to engage with the company’s financial instruments.

Shareholder MeetingsRegulatory Filings and Compliance
British American Tobacco Publishes Notice for 2025 AGM
Neutral
Mar 13, 2025

British American Tobacco has announced the publication of its Notice of Annual General Meeting 2025, which is available on its website. The company has also made available its Annual Report and Form 20-F 2024, a Combined Performance and Sustainability Summary, and various proxy forms for shareholders. These documents are in compliance with UK Listing Rules and JSE requirements, and are accessible via the company’s website and the Financial Conduct Authority’s National Storage Mechanism. This announcement is significant for stakeholders as it outlines the company’s compliance with regulatory requirements and provides essential information for shareholders ahead of the AGM.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Mar 13, 2025

British American Tobacco p.l.c. announced the purchase of 109,339 of its ordinary shares as part of its buyback program. The shares were bought at prices ranging from 3,152.00 to 3,186.00 pence per share, with the company planning to cancel them. This transaction will reduce the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests.

Private Placements and FinancingBusiness Operations and Strategy
British American Tobacco Prices $2.5 Billion Notes Offering
Positive
Mar 12, 2025

British American Tobacco has announced the pricing of a $2.5 billion notes offering through its subsidiary, B.A.T Capital Corporation. The offering includes three sets of notes with varying maturities and interest rates, and is expected to close on March 13, 2025. The proceeds from this offering will be used for general corporate purposes, including the potential repayment of existing debt. This strategic move is likely to strengthen BAT’s financial position and support its ongoing transition towards smokeless products, reflecting its commitment to evolving consumer preferences.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Positive
Mar 12, 2025

British American Tobacco p.l.c. announced the purchase of 110,622 of its ordinary shares as part of a buyback program authorized by shareholders. The shares were bought at prices ranging from 3,114 to 3,164 pence and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to optimize its capital structure and return value to shareholders.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Grants Share Options to Key Executives
Neutral
Mar 11, 2025

British American Tobacco has announced the grant of options over ordinary shares to key executives under its 2025 three-year Sharesave Scheme. This move involves Chief Executive Tadeu Marroco, Chief Financial Officer Soraya Benchikh, and Director of Corporate and Regulatory Affairs Paul McCrory, reflecting the company’s strategy to align management incentives with shareholder interests.

Stock BuybackRegulatory Filings and Compliance
British American Tobacco Executes Share Buyback
Neutral
Mar 11, 2025

British American Tobacco has executed a share buyback transaction, purchasing 110,000 of its ordinary shares as part of its ongoing buyback program. The company intends to cancel these shares, which will adjust the total number of shares in issue and may impact shareholder notifications under regulatory guidelines.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Mar 10, 2025

British American Tobacco has executed a share buyback, purchasing 108,665 of its ordinary shares as part of its ongoing buyback program. This move is intended to reduce the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s commitment to returning value to shareholders.

Stock Buyback
British American Tobacco Executes Share Buyback to Boost Shareholder Value
Positive
Mar 6, 2025

British American Tobacco announced the repurchase of 110,000 of its ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares and strengthening the company’s market position.

Stock Buyback
British American Tobacco Announces Share Buyback to Enhance Shareholder Value
Positive
Mar 5, 2025

British American Tobacco p.l.c. announced a buyback of 109,855 ordinary shares as part of its ongoing share repurchase program. This move, executed through UBS AG, is intended to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. Following this transaction, the company will have 2,204,292,842 ordinary shares in issue and 133,255,156 shares held in treasury, impacting the company’s capital structure and potentially influencing shareholder decisions under the FCA’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback to Optimize Capital Structure
Neutral
Mar 4, 2025

British American Tobacco has announced the purchase of 112,000 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This transaction, executed through UBS AG, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value, impacting the number of shares in circulation and voting rights.

Regulatory Filings and Compliance
British American Tobacco Announces Share Capital and Voting Rights Update
Neutral
Mar 3, 2025

British American Tobacco has announced its share capital and voting rights as of 28 February 2025. The company reported an issued share capital of 2,204,628,148 ordinary shares with voting rights, while holding 133,255,156 shares in treasury. This information is crucial for shareholders to calculate their voting rights interests under the FCA’s Disclosure Guidance and Transparency Rules.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Advances Share Buyback Program
Positive
Feb 28, 2025

British American Tobacco announced the purchase of 113,451 of its ordinary shares as part of its ongoing buyback program. The company intends to cancel these shares, which will result in a total of 2,204,514,697 ordinary shares in issue. This move is part of a strategy to enhance shareholder value and may impact the company’s market positioning by reducing the number of shares available in the market.

Delistings and Listing Changes
British American Tobacco Announces New Block Listing and Cancels Previous Scheme
Neutral
Feb 27, 2025

British American Tobacco has announced a new block listing application for 1,500,000 ordinary shares to be admitted to the London Stock Exchange, expected to commence trading on 3 March 2025. This move is part of the company’s Sharesave Scheme, allowing shares to rank equally with existing ones. Concurrently, the company has cancelled a previous block listing under its Executive Share Option Scheme, as all outstanding options have been exercised, marking the closure of that scheme.

Stock Buyback
British American Tobacco Executes Share Buyback Program
Neutral
Feb 27, 2025

British American Tobacco p.l.c. has executed a share buyback program, purchasing 113,108 of its ordinary shares from UBS AG, with plans to cancel these shares. This move, in line with shareholder authorization, will reduce the total number of shares in circulation, potentially impacting shareholder value and market perception.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Announces Share Buyback
Positive
Feb 26, 2025

British American Tobacco p.l.c. announced the repurchase of 114,000 of its ordinary shares as part of its ongoing buyback program. The shares were acquired at prices ranging from 3,007.00 to 3,032.00 pence and will be canceled, reducing the total number of shares in circulation. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Feb 24, 2025

British American Tobacco announced the repurchase of 114,005 ordinary shares as part of its ongoing buyback program, with prices ranging from 2,944.00 to 3,022.00 pence per share. The company plans to cancel these shares, which will impact the total shares in issue and treasury, potentially affecting shareholder interests in line with regulatory requirements.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Feb 21, 2025

British American Tobacco p.l.c. has executed a transaction to repurchase 115,000 of its ordinary shares, as part of an ongoing buyback programme. This buyback is intended to cancel the shares, effectively reducing the total number of shares in circulation and potentially increasing the value of remaining shares, which could benefit shareholders.

Stock Buyback
British American Tobacco Executes Share Buyback, Plans Share Cancellation
Neutral
Feb 20, 2025

British American Tobacco announced the repurchase of 114,466 of its ordinary shares as part of a buyback program, with plans to cancel these shares. This transaction will reduce the number of shares in issue, potentially impacting shareholder interests and trading dynamics under the FCA’s disclosure rules.

Private Placements and FinancingBusiness Operations and Strategy
BAT Releases Supplementary Prospectus for £25 Billion Note Programme
Neutral
Feb 19, 2025

British American Tobacco has released a Supplementary Prospectus for its £25 billion Euro Medium Term Note Programme, approved by the Financial Conduct Authority. This marks a significant step in BAT’s financial operations, aimed at enhancing its funding capabilities and supporting its strategic initiatives, which could impact its market positioning and investor relations.

Stock Buyback
British American Tobacco Enhances Shareholder Value Through Share Buyback
Positive
Feb 19, 2025

British American Tobacco has completed a transaction to repurchase 129,968 of its ordinary shares as part of a buyback program authorized by shareholders in 2024. This move is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share. Following this transaction, the company will have approximately 2.2 billion shares in issue, with a portion held in treasury, facilitating better control over company equity and maintaining market stability.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Capital Structure
Positive
Feb 18, 2025

British American Tobacco announced the repurchase of 124,484 of its ordinary shares from UBS AG as part of its ongoing buyback program. This transaction is intended to optimize the company’s capital structure and provide value to shareholders by canceling the purchased shares, thereby reducing the total number of shares in issue and potentially enhancing shareholder value.

Stock Buyback
British American Tobacco Completes Share Buyback
Positive
Feb 17, 2025

British American Tobacco has executed a share buyback, repurchasing 129,000 ordinary shares at an average price of 3,086.0470 pence per share. This move is part of its previously announced buyback program and aims to enhance shareholder value by reducing the number of shares in circulation. The purchase and subsequent cancellation of the shares will result in the company having 2,205,558,002 ordinary shares in issue, excluding treasury shares, which could impact shareholder voting rights and interests.

Business Operations and StrategyFinancial Disclosures
British American Tobacco Releases 2024 Annual Report Highlighting Key Risks and Strategies
Neutral
Feb 14, 2025

British American Tobacco has published its 2024 Annual Report and associated documents, highlighting its financial and sustainability performance. The company has identified key risks, including competition from illicit trade and geopolitical tensions, which could impact its strategic objectives and market operations, emphasizing ongoing efforts to mitigate these risks.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Enhances Shareholder Value with Strategic Buyback
Positive
Feb 14, 2025

British American Tobacco p.l.c. has executed a buyback of 128,500 ordinary shares as part of its ongoing share repurchase program. The transaction, completed on February 13, 2025, intends to cancel the purchased shares, reducing the number of shares in circulation and potentially increasing shareholder value. This move is part of the company’s strategy to manage its capital structure and return value to its shareholders.

DividendsBusiness Operations and Strategy
British American Tobacco Executives Reinvest in Shares
Neutral
Feb 13, 2025

British American Tobacco has made a public disclosure regarding a transaction involving its Chief Executive, Tadeu Marroco, and Luciana Franco Do Amaral, who is closely associated with him. The transaction involved the acquisition of ordinary shares through the reinvestment of dividend income, reflecting a strategic move in their shareholding. This transaction, conducted on the London Stock Exchange, underscores the ongoing investment and engagement of the company’s top executives in its financial activities, potentially influencing stakeholder perceptions and market confidence.

Stock Buyback
British American Tobacco Launches 2025 Share Buyback Program
Positive
Feb 13, 2025

British American Tobacco announced a share buyback program commencing on 13 February 2025, with UBS AG London Branch appointed to independently manage the share purchases until 30 April 2025. The program aims to reduce the company’s share capital by repurchasing and canceling up to 223,642,156 shares, subject to shareholder approval and regulatory compliance, potentially impacting shareholder value positively.

Stock Buyback
British American Tobacco Executes Share Buyback to Consolidate Share Base
Positive
Feb 13, 2025

British American Tobacco has executed a buyback of 99,582 of its ordinary shares as part of its ongoing repurchase program, with plans to cancel the purchased shares. This transaction aims to consolidate the company’s share base, potentially enhancing shareholder value and signaling confidence in its financial position.

Business Operations and StrategyFinancial Disclosures
BAT Accelerates Shift to Smokeless Products Amid Revenue Challenges
Neutral
Feb 13, 2025

British American Tobacco reported its preliminary results for 2024, highlighting a strategic shift towards smokeless products which now contribute 17.5% of its revenue. Despite a 5.2% decline in total revenue due to the sale of its Russian and Belarusian businesses and currency impacts, the company saw a 1.3% increase in organic revenue driven by an 8.9% boost in New Categories. Investments in the U.S. market and Europe are showing positive returns, especially in the modern oral segment, despite challenges posed by illicit vapour products. The company expects regulatory headwinds but remains committed to its transformation strategy, aiming for sustainable growth and shareholder returns.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Feb 12, 2025

British American Tobacco has announced the repurchase of 115,616 ordinary shares as part of its ongoing buyback program. The shares were purchased at prices ranging between 3,375.00p and 3,414.00p and will be cancelled following the transaction. This move is expected to impact the company’s share capital and could potentially affect shareholder voting rights.

Stock Buyback
British American Tobacco Executes Share Buyback and Cancellation
Neutral
Feb 11, 2025

British American Tobacco announced the buyback of 116,867 ordinary shares as part of its ongoing share repurchase program, a move authorized by shareholders. The purchased shares will be canceled, reducing the total number of shares in issue and potentially impacting shareholder voting rights and interests.

Other
British American Tobacco Announces Change in Major Shareholder Holdings
Neutral
Feb 10, 2025

British American Tobacco has announced a notification regarding major holdings, indicating a change in voting rights held by The Capital Group Companies, Inc. The notification reveals that The Capital Group Companies now holds 16.103223% of the voting rights in BAT, reflecting an increase from a previous position of 15.075429%. This change signifies an important shift in shareholder composition, which could influence future corporate decisions and strategies.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Announces Board and Committee Changes
Neutral
Feb 10, 2025

British American Tobacco has announced changes to its Board and Committees with the appointment of Uta Kemmerich-Keil as an independent Non-Executive Director effective from February 17, 2025. Uta’s extensive management experience in regulated industries and strategic transformation will support BAT’s goal of building a Smokeless World. Concurrently, Murray S. Kessler will step down to focus on his new role as CEO of Wellington International LLC. These changes have prompted a review of the Company’s Board Committees, leading to adjustments in membership roles.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback Program
Positive
Feb 10, 2025

British American Tobacco announced the repurchase of 120,697 ordinary shares as part of its ongoing buyback program, following shareholder approval. This transaction, conducted through Merrill Lynch International, is part of the company’s strategy to manage its capital structure effectively, potentially impacting shareholder value positively by reducing the number of shares in circulation.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Positive
Feb 7, 2025

British American Tobacco has executed a share buyback transaction, purchasing 121,905 of its ordinary shares at an average price of 3,321.7461 pence per share. The company intends to cancel these shares, thereby reducing the number of shares in circulation, which could potentially increase the value of remaining shares and improve shareholder returns. This action aligns with the company’s strategic efforts to enhance shareholder value and manage capital efficiently.

Business Operations and Strategy
British American Tobacco Executives Purchase Shares Reflecting Confidence in Company
Positive
Feb 6, 2025

British American Tobacco has announced a series of transactions by its Executive Directors and key managerial personnel involving the purchase of ordinary shares under the Partnership Share Scheme, an HMRC approved Share Incentive Plan. This move, involving leaders such as the Chief Executive and Chief Financial Officer, denotes a strong commitment to the company, potentially impacting its stock market performance positively by signaling confidence from top management.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Strategic Share Buyback
Positive
Feb 6, 2025

British American Tobacco has executed a buyback program by repurchasing 123,948 of its ordinary shares, an action approved by shareholders at the previous Annual General Meeting. The repurchased shares are set to be canceled, reducing the total number of shares in circulation and potentially impacting shareholder value by increasing earnings per share. Following this transaction, the company will have over 2.2 billion shares with voting rights, indicating a strategic move to optimize its capital structure and enhance shareholder returns.

Executive/Board ChangesBusiness Operations and Strategy
British American Tobacco Executives Acquire Shares in Incentive Plan
Positive
Feb 5, 2025

British American Tobacco p.l.c. announced that several of its executive directors and other key management personnel have acquired ordinary shares in the company as part of the British American Tobacco Share Incentive Plan. This acquisition, executed through the reinvestment of dividend income, reflects the company’s commitment to aligning the interests of its management with those of its shareholders. These transactions could potentially influence the company’s market perception and underscore management’s confidence in the company’s future performance.

DividendsBusiness Operations and Strategy
British American Tobacco Executives Reinvest Dividend Income in Shares
Positive
Feb 5, 2025

British American Tobacco has announced the acquisition of ordinary shares by several of its high-ranking executives through the reinvestment of dividend income. This acquisition, involving directors and executives such as Michael Dijanosic, James Murphy, David Waterfield, and Javed Iqbal, took place on February 3, 2025, on the London Stock Exchange. This move highlights the company’s ongoing commitment to its stakeholders and could potentially reinforce confidence in its financial strategies and market stability.

Executive/Board ChangesDividends
BAT CEO Acquires Shares in Deferred Bonus Scheme
Neutral
Feb 5, 2025

British American Tobacco has announced a transaction involving its Chief Executive, Tadeu Marroco, who acquired quarterly dividend equivalent shares under the company’s Deferred Share Bonus Scheme. This transaction, involving 387 ordinary shares at a price of £32.00 each, reflects ongoing internal financial operations, potentially impacting executive compensation and shareholder value.

Executive/Board ChangesRegulatory Filings and Compliance
BAT Discloses Management Stock Unit Transaction
Neutral
Feb 5, 2025

British American Tobacco has disclosed a transaction involving Non-Executive Director Holly Keller Koeppel, who was credited with additional Deferred Stock Units (DSUs) linked to the value of the company’s American Depositary Shares (ADSs). This transaction reflects the company’s ongoing efforts to align managerial incentives with shareholder interests, potentially impacting stakeholder perceptions and reinforcing the company’s commitment to executive compensation linked to performance.

Stock Buyback
British American Tobacco Executes Share Buyback to Optimize Capital Structure
Positive
Feb 5, 2025

British American Tobacco has executed a buyback program, purchasing 126,120 of its own shares at an average price of 3,212.1205 pence each. The acquisition and subsequent cancellation of these shares aim to optimize capital structure and could potentially enhance shareholder value. Following the transaction, the company’s issued share capital stands adjusted, impacting shareholders’ disclosures under the FCA’s rules.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback under Repurchase Program
Positive
Feb 4, 2025

British American Tobacco has executed a share buyback as part of its ongoing repurchase program, buying 127,664 ordinary shares at a volume weighted average price of 3,198.3504 pence per share. These shares will be canceled, reducing the number of shares in circulation and potentially enhancing shareholder value. The purchase aligns with the authority granted by shareholders and impacts the company’s financial structure as it continues to manage its capital allocation strategy.

Regulatory Filings and Compliance
British American Tobacco Reports January Share Capital and Voting Rights
Neutral
Feb 3, 2025

British American Tobacco p.l.c. has announced its issued share capital as of January 31, 2025. The company reported 2,207,010,986 ordinary shares with voting rights, while holding 133,266,206 shares in treasury. This figure is crucial for shareholders to calculate their voting rights interest as per FCA rules.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Feb 3, 2025

British American Tobacco has announced a transaction involving the repurchase and cancellation of 121,370 of its ordinary shares as part of a buyback program. This action is in line with the authority provided by its shareholders and could potentially impact the company’s share value and market positioning, as it reduces the number of shares in circulation.

Regulatory Filings and Compliance
British American Tobacco Announces Change in Major Holdings
Neutral
Jan 31, 2025

British American Tobacco p.l.c. announced a notification of major holdings indicating a change in voting rights involving Standard Bank Group Limited. The notification reflects an acquisition or disposal of voting rights, with a resulting position of 3.35% of voting rights attached to shares. This development could influence the company’s governance dynamics and potentially impact shareholder decision-making processes.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Jan 31, 2025

British American Tobacco announced a share buyback, purchasing 121,715 of its ordinary shares at an average price of 3,172.3411 pence per share, as part of its ongoing buyback program. This move, which involves canceling the purchased shares, aims to reduce the company’s total share count, potentially enhancing shareholder value by increasing earnings per share and impacting its market positioning.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Advances Share Buyback Strategy
Neutral
Jan 30, 2025

British American Tobacco has proceeded with a share buyback program, acquiring 116,102 of its ordinary shares at prices ranging from 3,143.00p to 3,184.00p per share. This move, executed through Merrill Lynch International, is part of a broader strategy to enhance shareholder value, with the purchased shares set to be canceled. The buyback impacts the company’s share capital, reducing the number of shares in circulation, which could influence shareholder voting rights and regulatory disclosure requirements.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Advances Share Buyback Program
Neutral
Jan 29, 2025

British American Tobacco p.l.c. announced the purchase of 122,045 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel the purchased shares. This move, authorized by shareholders, is part of a strategy to optimize capital structure and potentially enhance shareholder value, affecting the total number of shares in issue and possibly impacting shareholder interests under regulatory disclosure requirements.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback
Positive
Jan 28, 2025

British American Tobacco p.l.c. has repurchased 124,498 ordinary shares as part of its ongoing buyback program, with plans to cancel the shares to adjust its capital structure. This strategic move, authorized by shareholders, reduces the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests by aligning with market regulations.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Executes Share Buyback to Boost Shareholder Value
Positive
Jan 27, 2025

British American Tobacco has executed a share buyback program, purchasing 129,541 ordinary shares at an average price of 2,995.1908 pence per share. This move, authorized by shareholders, is part of its broader strategy to enhance shareholder value by reducing the number of shares in circulation, which could potentially impact the company’s stock value and stakeholder interests.

Executive/Board ChangesRegulatory Filings and Compliance
British American Tobacco Updates Share Transfer Details
Neutral
Jan 24, 2025

British American Tobacco recently announced an update regarding a previous transaction involving its Chief Corporate Officer, Kingsley Wheaton. The update disclosed that an additional 1,011 ordinary shares were transferred to his spouse, Julia Wheaton, which was not included in the original report due to an oversight. This transaction reflects internal compliance and transparency efforts within the company, ensuring accurate disclosure of managerial dealings.

Stock Buyback
British American Tobacco Executes Share Buyback Program
Positive
Jan 24, 2025

British American Tobacco has announced the repurchase of 128,750 ordinary shares as part of its ongoing buyback program. The shares, purchased at an average price of 2,992.2105 pence, are set to be canceled, which will reduce the total number of shares in circulation. This move is part of the company’s efforts to optimize capital structure and enhance shareholder value, potentially impacting its stock value and market perception.

Stock BuybackBusiness Operations and Strategy
British American Tobacco Advances Share Buyback Program
Neutral
Jan 23, 2025

British American Tobacco announced the purchase of 129,078 ordinary shares as part of its ongoing buyback program. These shares were acquired at a volume weighted average price of 2,963.1466 pence each and are intended to be canceled, impacting the company’s total shares in issue. This move is part of the company’s strategy to manage capital and potentially enhance shareholder value.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Jan 22, 2025

British American Tobacco announced the repurchase of 131,632 of its ordinary shares as part of its ongoing buyback program. This move, facilitated by Merrill Lynch International, is in line with shareholder authorization from the company’s annual meeting and aims to cancel these shares, thereby potentially increasing the value of remaining shares and adjusting the company’s share capital structure.

Stock Buyback
British American Tobacco Advances Share Buyback Strategy
Neutral
Jan 21, 2025

British American Tobacco announced the repurchase of 131,496 ordinary shares as part of its ongoing buyback program, with plans to cancel these shares. This action will result in 2,207,891,794 ordinary shares remaining in circulation, impacting shareholder interests by potentially altering voting rights and share value dynamics.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Jan 20, 2025

British American Tobacco p.l.c. announced the purchase and cancellation of 131,455 of its ordinary shares as part of its previously announced buyback programme. This action reduces the total number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial stability, which may impact investor perceptions and market positioning.

British American Tobacco Completes Share Buyback
Jan 17, 2025

British American Tobacco announced the repurchase of 134,079 ordinary shares at an average price of 2,904.6775 pence per share as part of its ongoing buyback program. This move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and benefiting shareholders. Following the completion of this transaction, the company will have 2,208,154,745 shares outstanding, with 133,266,206 held in treasury, thereby impacting shareholders’ notifications under regulatory guidelines.

British American Tobacco Announces Shift in Voting Rights
Jan 16, 2025

British American Tobacco has announced a change in the voting rights composition involving The Capital Group Companies, Inc., which now holds 15.075429% of the voting rights, up from a previous 14.040509%. This adjustment in holdings indicates a notable change in the stakeholder landscape of the company, potentially impacting its governance and decision-making processes.

British American Tobacco Completes Share Buyback to Enhance Shareholder Value
Jan 16, 2025

British American Tobacco has executed a share buyback transaction, purchasing 134,138 of its ordinary shares at an average price of 2,899.5993 pence per share, as part of its broader buyback program authorized by shareholders. This strategic move is aimed at reducing the number of shares in circulation, thereby potentially increasing shareholder value and impacting the company’s equity structure.

British American Tobacco Executes Share Buyback Program
Jan 15, 2025

British American Tobacco announced the purchase of 132,478 ordinary shares as part of its buyback program, with the intention to cancel these shares. This move, following shareholder approval, reduces the total number of shares available in the market, potentially increasing shareholder value and impacting voting rights.

British American Tobacco Executes Share Buyback
Jan 14, 2025

British American Tobacco has executed a share buyback as authorized by its shareholders, purchasing 131,233 of its ordinary shares through Merrill Lynch International. The company intends to cancel these shares, which will affect the total number of shares in issue and may require shareholders to review their interest in the company under FCA regulations.

British American Tobacco Announces Share Buyback
Jan 13, 2025

British American Tobacco p.l.c. announced the repurchase of 129,296 of its ordinary shares as part of a previously announced buyback program. The shares were purchased from Merrill Lynch International, with the highest price paid per share being 2,993.00 pence and the lowest at 2,956.00 pence. The company intends to cancel these shares, which will result in a total of 2,208,684,947 ordinary shares in issue, excluding those held in treasury. This transaction is part of the company’s strategic effort to enhance shareholder value and manage its capital structure more effectively.

British American Tobacco Enhances Share Value with Buyback
Jan 10, 2025

British American Tobacco announced the repurchase of 125,270 of its ordinary shares as part of its ongoing share buyback program. The company plans to cancel these shares, reducing the number of shares in circulation, which can impact shareholder interests under the FCA’s rules. This move may strengthen the company’s share value and demonstrate confidence in its financial position.

British American Tobacco Conducts Share Buyback as Part of Ongoing Program
Jan 9, 2025

British American Tobacco has executed a share buyback, acquiring 113,409 of its ordinary shares at an average price of 2,957.0886 pence per share. This transaction, part of a previously announced buyback program, aims to cancel the purchased shares, potentially impacting the company’s share capital structure and stakeholder interests by altering voting rights and shareholding proportions.

British American Tobacco Announces Share Buyback and Cancellation
Jan 8, 2025

British American Tobacco has executed a share buyback program, purchasing 105,667 ordinary shares at a weighted average price of 2,957.1 pence each. These shares will be canceled, resulting in an updated number of 2,209,052,103 ordinary shares in issue. This move is part of the company’s strategy to manage its capital efficiently and could impact shareholder notifications regarding their interests in accordance with the FCA’s Disclosure Guidance and Transparency Rules.

British American Tobacco Executes Share Buyback
Jan 7, 2025

British American Tobacco has repurchased 105,896 of its ordinary shares as part of its ongoing buyback program, with plans to cancel the acquired shares. This move reflects the company’s efforts to optimize its capital structure and potentially enhance shareholder value, while the updated number of shares in issue may affect shareholder notification requirements under regulatory rules.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.