STOCK TITAN

British American Tobacco p.l.c. - BTI STOCK NEWS

Welcome to our dedicated page for British American Tobacco p.l.c. news (Ticker: BTI), a resource for investors and traders seeking the latest updates and insights on British American Tobacco p.l.c. stock.

British American Tobacco p.l.c. (BAT) is a British multinational company, established in 1902 and headquartered in London, England. As of 2019, it holds the title of the largest tobacco company in the world based on net sales. BAT's core business revolves around manufacturing and selling cigarettes, tobacco, and other nicotine products. The company’s notable brands include Dunhill, Kent, Pall Mall, Lucky Strike, Rothmans, Newport, and Camel. They also offer vapor e-cigarettes under the Vuse brand, heated tobacco products with Glo, and Velo modern oral tobacco products.

British American Tobacco has made significant strides in expanding its market presence. The acquisition of Reynolds American has positioned BAT as a close competitor to Philip Morris International, making it a key player in the global tobacco industry. BAT is also a major shareholder in ITC Limited, India's leading cigarette-maker, with a 29% stake.

The company doesn't just focus on traditional tobacco products; it is significantly invested in new categories. BAT’s Vuse e-cigarettes, Glo heated tobacco, and Velo oral products are part of its commitment to providing consumers with potentially reduced-risk tobacco and nicotine alternatives.

Financially, BAT's performance remains robust, driven by its expansive product range and global reach. The firm's strategy is underpinned by strong investments in research and development (R&D) to innovate and expand their portfolio towards more sustainable options. Through various partnerships and acquisitions, BAT continues to solidify its position in the market.

Recent developments underline the company's adaptability and growth potential. For instance, through its subsidiary DeFloria LLC, BAT is entering the botanical drug market, targeting a neurological condition with a new investigational drug. DeFloria intends to proceed with Phase 2 clinical trials in 2024, following the successful completion of Phase 1.

Overall, British American Tobacco is a pivotal entity in the global tobacco sector, balancing traditional products with innovative alternatives to meet evolving consumer preferences and regulatory landscapes.

Rhea-AI Summary

Charlotte's Web reported financial results for the first quarter of 2024, showing a decrease in revenue compared to the same period in 2023. The company is focusing on its 'True North' initiatives to enhance the consumer experience, expand product offerings, and improve cost efficiencies. Despite revenue challenges in the CBD industry, the company remains optimistic about its future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
-
Rhea-AI Summary
Charlotte's Web Holdings, Inc. (TSX: CWEB) (OTCQX: CWBHF) reported Q3 financial results and announced the appointment of new CEO Bill Morachnick. The CEO aims to streamline the organization, upgrade operational platforms, and improve the e-commerce experience. The company is also part of ONE HEMP, a coalition advocating for sensible dietary supplement regulation for CBD products. Charlotte's Web has made progress with in-house production of topical products and gummies, and has seen significant exposure through partnerships with professional sports leagues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
-
Rhea-AI Summary
Organigram Holdings Inc. announces a C$124.6 million investment from BT DE Investments Inc., a subsidiary of BAT. The investment will be used to create a strategic investment pool called Jupiter, expand Organigram's geographic footprint, and enhance the product development collaboration between BAT and Organigram. BAT's voting Common Share ownership position will increase to 30% and overall equity interest to 45%. The investment strengthens Organigram's financial position and enables long-term growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
Rhea-AI Summary
Charlotte's Web appoints Bill Morachnick as CEO and non-independent director, rejecting offers to resign from certain directors. Morachnick is a global business executive with a track record of building premium brands. Jacques Tortoroli streamlined the organization and recapitalized the company through a $57 million investment from BAT. The current Board composition aligns with effective corporate governance and maximizing value for stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.39%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
none

FAQ

What is British American Tobacco's main business?

British American Tobacco primarily manufactures and sells cigarettes, tobacco, and other nicotine products.

Where is British American Tobacco headquartered?

British American Tobacco is headquartered in London, England.

What are BAT's prominent brands?

BAT's notable brands include Dunhill, Kent, Pall Mall, Lucky Strike, Rothmans, Newport, and Camel.

What new product categories is BAT involved in?

BAT is involved in vapor e-cigarettes (Vuse), heated tobacco (Glo), and modern oral tobacco products (Velo).

What significant acquisition has BAT recently made?

BAT acquired Reynolds American, enhancing its position as a leading global tobacco company.

Does BAT have any significant holdings in other companies?

Yes, BAT holds a 29% stake in ITC Limited, the leading Indian cigarette-maker.

What is DeFloria LLC?

DeFloria LLC is a joint venture involving BAT, focusing on developing botanical drugs, currently targeting a neurological condition.

What are BAT's future plans for DeFloria LLC?

DeFloria LLC plans to commence Phase 2 clinical trials in 2024, following the completion of Phase 1.

How is BAT contributing to sustainable alternatives?

BAT invests in R&D for innovative products like Vuse, Glo, and Velo, offering potentially reduced-risk alternatives to traditional tobacco products.

How is BAT's financial performance?

BAT continues to perform robustly, driven by its wide product range and global market presence, along with strategic investments and acquisitions.

British American Tobacco p.l.c.

OTC:BTI

BTI Rankings

BTI Stock Data

73.48B
2.22B
0.28%
7.69%
0.31%
Tobacco Manufacturing
Manufacturing
Link
United States of America
4 Temple Place