the public ban has zero effect on smoker numbers. if public bans worked there would be no drug addicts at all.

looks to me like its ready to climb after its latest correct.

We are all taking the moral high ground Mr C! ;o)

Good call cynic .

In for the divi at over 2%.

Double post deleted.

A nice rise this afternoon allows me to get out with a small profit and that divi.

Trading statement http://www.moneyam.com/action/news/showArticle?id=5567097

Half year report http://www.moneyam.com/action/news/showArticle?id=5602835

BATS + IMB been whacked hard as FDA seeks to cut nicotine levels in cigs to non-addictive levels

Britain's Serious Fraud Office has opened a formal investigation into possible historic misconduct by British American Tobacco in Africa. The FTSE 100 company has been investigating allegations through its law firm and after informing the SFO it reported on Tuesday that the specialist prosecuting authority has now opened a formal investigation!

British American Tobacco
the world's biggest international tobacco company, sees revenue from its "next generation products" doubling to more than 1 billion pounds ($1.3 billion) next year.

And these products, which include e-cigarettes and devices that heat tobacco without burning it, should exceed revenue of 5 billion pounds by 2022, BAT said on Wednesday.

Although still tiny compared with its traditional cigarette brands like Lucky Strike and Dunhill, the business should break even by the end of 2018 and deliver "substantial profit" by 2022, BAT said ahead of briefings for analysts and investors.

BAT said it is confident about another year of "good" earnings growth at constant currency for the overall company, and at current exchange rates it sees a lift of 6.5 percent on operating profit and 5.5 percent on earnings per share, helped by the weak British pound.

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sp +108 this morning (2.2%) at 4931

comparative chart with IMB - can't go back further as IMB used to be IMPS so chart does not recognise

BATS = blue
IMB = red

Director buy //www.moneyam.com/action/news/showArticle?id=6170624

no wonder this solid stock has taken such a battering in recent weeks ....

British American Tobacco on Tuesday lowered its guidance on full-year revenues amid weaker performance in Japan and a product recall in the US.

BAT's said it expected revenue from next-generation products, which include e-cigarettes and tobacco-heating devices, would come in at £900m this year, down from a previous target of £1bn.

'The revision from the previously announced revenue target of £1bn is largely driven by a reduction in planned year-end stocks in Japan as the THP category remains flat and the effect of the Vuse Vibe recall in the US,' the company said.

Industry volume in the US was expected to fall 4.0% to 4.5% this year, the company said.

Full-year earnings, meanwhile, were also lowered owing to currency headwinds.

'Full year adjusted earnings per share growth is expected to be impacted by a currency translation headwind of around 7%, assuming exchange rates remain unchanged for the remainder of the year, the company said.

British American Tobacco updated the market on its trading ahead of its close period on Wednesday, with the board saying it was expecting a full-year industry volume decline of around 3.5%. The FTSE 100 cigarette giant said it was anticipating it would exceed the 5.5% full-year price mix it achieved in 2017, and deliver "good" adjusted revenue and adjusted operating profit growth with a second half weighting. Full -year adjusted earnings per share growth was expected to be impacted by a currency translation headwind of around 6% for the year, at current exchange rates.

for a long time BATS performed very strongly, but both this and IMB have been pretty pathetic for some time

i haven't checked, but i recollect that the yield is pretty good

Dividend info https://www.moneyam.com/action/news/showArticle?id=6242921

Chief Executive buy's some https://www.moneyam.com/action/news/showArticle?id=6312632