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DraftKings
US lawyer who put Big Tobacco on trial takes aim at sports betting
...that suing tobacco companies was impossible”, he recalled....
December 8, 2023
UK Budget 2024
British American Tobacco chief embraces new UK vape tax
...The chief executive of British American Tobacco has endorsed the UK’s plans for a vaping tax, claiming the cigarette maker has learned to “love regulation”....
March 6, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
British American Tobacco PLC
BAT chief: moving to US not a ‘no-brainer’ as he defends London listing
...Marroco admitted that BAT was “late to the category” of heated tobacco products but said the company was well placed to catch up because of its market share in the US....
March 17, 2024
British American Tobacco PLC
British American Tobacco to sell down stake in India’s ITC
...British American Tobacco said on Thursday that it was working on divesting some of its nearly 30 per cent stake in India’s largest tobacco company ITC, potentially paving the way for it to resume share buybacks...
February 8, 2024
LexTobacco
UK’s vape ban highlights benefit of big tobacco’s run-off strategy Premium content
...That holds true for tobacco companies, too....
January 31, 2024
UK Budget 2024
Vaping tax leads shake-up of ‘sin’ duties
...While an unlikely coalition of tobacco control advocates and cigarette makers such as British American Tobacco both embraced a tax targeted at vapes — which has already been introduced in several EU countries...
March 6, 2024
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Investments
Directors’ Deals: Stand-in finance director cuts BAT stake
...British American Tobacco shares have fallen by a quarter over the past year as it grapples with the uncertain long-term future of its traditional cigarette business and investors push for the return of share...
February 23, 2024
Health
England has highest rates of child alcohol consumption, WHO finds
...Our landmark tobacco and vapes bill will make it an offence to sell tobacco products to anyone born after January 1 2009 and includes powers to limit flavours, packaging and displays of vapes to reduce the...
April 25, 2024
News updates from December 8: US adds 199,000 jobs in November, UK competition watchdog examining Microsoft-OpenAI ties
Lawyer who put Big Tobacco on trial turns aim on DraftKings
...The lawsuit, filed in the Massachusetts superiorstate court on Friday, alleged that the US company, which operates the second most popular sports betting app, “knowingly and unfairly designed” a $1,000 sign-up...
December 8, 2023
LexBritish American Tobacco PLC
BAT: Camel’s broken back is last straw for investors Premium content
...Companies in long-term, run off sectors such as oil or tobacco face a stark strategic choice. They can extract as much value as possible from legacy assets and liquidate their stock....
December 6, 2023
Lex PopuliPersonal Finance
BAT: Camel’s broken back is last straw for investors
...Companies in long-term run-off sectors such as oil or tobacco face a stark strategic choice....
December 8, 2023
British American Tobacco PLC
BAT to take £25bn hit on US cigarette brands
...British American Tobacco is to write down the value of some of its US cigarette brands by £25bn because of economic headwinds damaging sales in its biggest market....
December 6, 2023
UK politics
Sunak suffers Tory backlash as MPs back legislation to ban smoking
...On Tuesday evening, MPs approved the government’s tobacco and vapes bill by 383 votes to 67 at its second reading in the House of Commons....
April 16, 2024
News updates from March 11: Brussels eyes up to €3bn in frozen Russian assets for Ukraine; Biden proposes higher taxes
Risers and fallers in Europe
...Imperial Brands: Shares advanced 2.8 per cent after the tobacco company embarked on the second half of a £1.1bn share buyback....
March 11, 2024
LexTobacco
UK tobacco: falter tips point to slow extinguishing of sector’s spark Premium content
...Moreover, tobacco companies throw off cash. Imperial generated £2.6bn after capex in 2022, equivalent to 17 per cent of its market value....
October 5, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Tobacco
FDA issues ban on RJ Reynolds menthol-flavoured vapes in US
...of the FDA’s Center for Tobacco Products’ Office of Science....
October 12, 2023
Camilla Palladino
Bans on disposable vapes would be an ill wind for tobacco companies
...With “reduced harm” products falling out of favour with policymakers the world over, tobacco companies may find their plans to create an alternative to the cigarette business going up in smoke....
September 14, 2023
News in-depthGibraltar
Tobacco smuggling to Spain stokes resentment over Gibraltar
...“We try to chase them down, to seize the tobacco, to arrest the suspected criminals. But it’s a very risky activity.”...
September 15, 2023
News updates from February 8: S&P 500 breaks through 5,000, Zelenskyy appoints new top general
Risers and fallers in Europe
...Big share price moves in Europe this morning include Dutch payments company Adyen, UK-based cigarette maker British American Tobacco, and Danish shipping group AP Møller-Maersk....
February 8, 2024
UK public policy
UK to ban disposable vapes as Sunak warns of ‘endemic’ impact on youth
...Former Tory prime minister Liz Truss criticised the tobacco legislation and said it would “create an absurd situation where adults enjoy different rights based on their birth date”....
January 28, 2024
Unhedged
Japan is changing, slowly Premium content
...Financially, big tobacco has adopted a cash cow strategy....
November 1, 2023
Jennifer Dixon
An election manifesto for the NHS — and a healthy economy
...The prime minister’s ban on tobacco sales is a win....
April 18, 2024
British American Tobacco PLC
New British American Tobacco chief calls for ‘better’ vaping rules
...The new chief executive of British American Tobacco says he wants governments to subject vaping and other tobacco alternatives to “better regulations”, as global controversy over the products threatens a...
August 1, 2023
News updates from February 8: S&P 500 breaks through 5,000, Zelenskyy appoints new top general
What to watch in Europe today
...Companies: Updates are expected from Anglo-Swedish drug giant AstraZeneca, British American Tobacco, French lender Crédit Agricole, France’s L’Oréal, advertising company Publicis, Germany’s Siemens and Watches...
February 8, 2024
Diageo PLC
Diageo to appoint former senior UK civil servant as chair
...Crew, a former chief executive of Reynolds Tobacco who joined Diageo in 2019 as a board member, has also had to contend with doubts over growth in the US, its most important market, where sales have been...
March 19, 2024

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