British American Tobacco has refused to back calls for cigarettes to be banned, saying that outlawing smoking would drive the industry underground. BAT, the maker of Dunhill and Rothmans cigarettes, will instead advertise vaping and other “non-combustible” products on a billion packets to encourage smokers to quit. The FTSE 100 firm also said it was looking at expanding into cannabis as it diversifies its business away from traditional tobacco products. Last weekend, the chairman and chief execu
Here are the highlights of earnings season so far as it played out on Wednesday.
The Lucky Strike and Dunhill owner held firm on its outlook for the year as it reported a better-than-expected rise in sales.