Camel maker BAT writes down US cigarette brands, tobacco stocks fall
Por um escritor misterioso
Descrição
LONDON (Reuters) -British American Tobacco said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long term future. BAT's move comes as ever stricter regulation and growing awareness of health risks squeeze tobacco companies' traditional business, driving declines in cigarette volumes in some markets. The maker of Lucky Strike and Dunhill cigarettes also pointed to economic challenges in the U.S., where some inflation-weary consumers are downgrading to cheaper brands, and the rise of illicit disposable vapes putting pressure on its U.S. cigarette division.
British American Tobacco writes down U.S. cigarette brands
The dark side of marketing seemingly “Light” cigarettes
$1billion loss possible for BAT in 2023 on heated cigarettes
British American Tobacco p.l.c. (BTI) Stock Price, Quote & News
The Cigarette Century: The Rise, Fall, and Deadly
Future grim for Big Tobacco?
British American Tobacco writes down U.S. cigarette brands
Reynolds, Camel cigarette maker, to buy Lorillard for $27.4
BAT writes down $31.5 bn from value of US cigarette brands
Markets News, Dec. 6, 2023: Stocks Fall, 10-Year Yield Dips as
BAT Writing Off £25 Billion on US Cigarettes, Shares Fall
Tobacco Company Archives - Page 7 of 137 - Clear The Air News
Explainer: how big tobacco turns profits
British American Tobacco $BTI: Analysis, Valuation, and Pricing, 2022
British American Tobacco (BTI) Stock Price, News & Analysis