ACCOUNTING
6
Shares in tobacco and cigarettes production were trading over 2% higher rate and even the
revenue is expected to increase to 5% in coming future.
“BAT reflecting profitable outcomes”
The firm is showing profitable results both in terms of growth in price and decline in net debt.
The overall performance of the company is strong in both traditional tobacco and new
category products of the business.
“Market supports BAT strategy to cut top staff”
BAT plans to form a simple structure and the reduction of staff would result in obtaining
reinvestment opportunity in growth of new products that includes tobacco heating products,
oral tobacco, and many more (Iol.co.za, 2020).
Bad Announcements
“2,300 jobs has been cut globally by British American Tobacco”
Increase in the demand for e-cigarettes has led to retrenchment of employees as the demand
for traditional tobacco declines.
“Nigerians may lose their jobs as mass sack looms at BTA”
To sustain in long-run and to drive more revenue the company has taken this big step. The
company wants to attract a sustainable return for the shareholders.
“Philip Morris-Altria Combo proves to be threat for BAT”
If the New York based Philip Morris-Altria combines with Richmond, Virginia-based Altria
then it will be a threat for BAT. Even the share price of BAT has fall to 6.5%
(Bloomberg.com, 2020).
“BAT -5% after trading update”

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The Artic Effect of Earnings Announcements in FTSE 250 Companies

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