Sector movers: Financials take heart, double blow for tobacco
3rd Apr 2019 16:13
(Sharecast News) - Financial services, including banks and life insurers, and oil companies led the gains on Wednesday, while tobacco stocks fell.
Read moreFTSE 100 movers: Banks and housebuilders rally; Burberry hit by downgrade
3rd Apr 2019 13:44
(Sharecast News) - London's FTSE 100 was up 0.3% at 7,412.86 in afternoon trade on Wednesday, gaining some ground as housebuilders and banks rallied.
Read moreCiti backs global tobacco sector, ups rating on Imperial and BAT
28th Mar 2019 12:46
(Sharecast News) - The UK's Imperial Tobacco and British American Tobacco have been upgraded by Citi, which is arguing that share prices across the sector are set to improve as the regulatory environment eases.
Read moreThursday broker round-up
28th Mar 2019 12:36
(Sharecast News) - British American Tobacco: Citigroup upgrades to buy with a target price of 3,600p.
Read moreFriday broker round-up
15th Mar 2019 12:46
(Sharecast News) - Bakkavor Group: Berenberg downgrades to sell with a target price of 105p.
Read moreUS regulator speeds flavoured e-cigarette crackdown
13th Mar 2019 13:07
(Sharecast News) - E-cigarette sales in the US will be restricted, according to U-turn announced by regulators on Wednesday and backed by President Trump.
Read moreBAT's Canadian arm gets CCAA protection
13th Mar 2019 09:05
(Sharecast News) - British American Tobacco's Canadian subsidiary, Imperial Tobacco Canada, has been given protection under the local Companies' Creditors Arrangement Act laws in order to avoid becoming liable for all damages under various Canadian tobacco litigation cases.
Read moreTobacco stocks rise after FDA boss Gottlieb quits
6th Mar 2019 09:20
(Sharecast News) - Shares in tobacco companies rose on Wednesday after America's chief drug and tobacco regulator unexpectedly resigned overnight.
Read moreBAT makes provision for Quebec court case
5th Mar 2019 09:45
(Sharecast News) - British American Tobacco said it would take a £436m charge on its consolidated income statement in 2019 due to developments in the lawsuit brought by a group of Canadian smokers, though this will have no impact to cash flow.
Read moreCanadian court keeps BAT hooked for £6bn
4th Mar 2019 07:22
(Sharecast News) - Canada's Court of Appeal has upheld the Superior Court's decision to force three tobacco companies to pay at least C$15.6bn (£8.9bn) of damages as part of near 20-year court case brought by a group of 100,000 smokers.
Read moreBAT earnings growth heats up, finance chief retires
28th Feb 2019 07:24
(Sharecast News) - British American Tobacco grew underlying earnings above its target range last year despite cigarette volumes declining 3.5% as it predicted.
Read moreBAT valuation 'attractive' and dividend looks safe to Piper Jaffray
29th Jan 2019 12:27
(Sharecast News) - Analysts at Piper Jaffray upgraded British American Tobacco from 'neutral' to 'overweight' on Tuesday, noting the industry giant's valuation appeared "attractive" at current levels.
Read moreWednesday broker round-up
23rd Jan 2019 12:59
(Sharecast News) - Centrica: Credit Suisse downgrades to neutral with a target price of 155p.
Read moreAnalyst recommendations fail to beat the market
23rd Jan 2019 12:43
(Sharecast News) - The ten blue-chip stocks most regularly backed by analysts with 'buy' recommendations lost more than the FTSE 100 index in 2018, fresh analysis showed on Wednesday.
Read moreUS tobacco volume declines to steepen, reckons Cowen
7th Jan 2019 13:44
(Sharecast News) - Tumultuous times in the tobacco industry are far from over, warned analysts at Cowen on Monday as they downgraded British American Tobacco and Imperial Brands.
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