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The Latest Breaking News from BAT

If UK wages are going down, why aren’t rent, food and energy prices coming down too?

Many British companies make their profits outside the UK or provide services so essential they know the government will step in to cover consumer bills, says economic geography professor Brett Christophers

The Guardian - UK

BAT vaping division set to turn a profit a year ahead of schedule

The division is now expected to be profitable by 2024, but shares declined in early trading

Evening Standard

‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

The National (Scotland)

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Classic Mercedes-Benz Motorhome Once Carried A Swiss Hockey Team

The Mercedes-Benz O321H was introduced in the '50s and produced for a decade.

Motor1

McLaren unveil new livery design from Lebanese artist for Abu Dhabi GP finale

Following on from their change of livery in Abu Dhabi last season, McLaren's Driven by Change initiative returns again this weekend with a brand new design for the MCL36

Daily Mirror

Vaping helps British American Tobacco reach over 20 million cigarette-free customers

Revenues from vaping rise nearly 50% to £590 million within overall first-half sales of almost £13 billion

Evening Standard

Business Losses From Russia Top $59 Billion as Sanctions Hit

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings.

Bangkok Post

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Don't be fooled by Big Tobacco's sustainability awards

Tobacco companies want you to know they are great corporate citizens. But it’s all a fig leaf for their environmental offences.

360info

Victoria's Secret to pay B285m settlement to laid-off Thai workers

Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria's Secret will receive 285.2 million baht, in what labour activists say is the biggest settlement of its kind in the global garment industry.

Bangkok Post

Net lift: art and badminton combine to help ex-prisoners

The Thailand Institute of Justice (TIJ) has teamed up with the Badminton Association of Thailand (BAT) to organise an art exhibition aimed at supporting ex-prisoners in their return to society.

Bangkok Post

Special Report: Sanctioned weapons mogul who supplied Russia’s troops has ties to Philip Morris

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

Reuters

Why Organigram Shares Are Trading Higher Today? Posts Record High Net Revenue In Q2, Still Among Top Canadian LPs

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of the cannabis company Organigram Inc, announced its results for the second quarter ended February 28, 2022.

Benzinga

Philip Morris, British American Tobacco At Loggerheads As Industry Evolves

Philip Morris International Inc (NYSE:PM) and British American Tobacco PLC (NYSE:BTI) migrated from simple cigarettes to high-tech, rechargeable gadgets as heated tobacco, vapes, and nicotine pouches gained traction, Bloomberg reports. Tobacco companies that once competed for the best marketing executives are now chasing the top patent lawyers to win disputes following an explosion of…

Benzinga

British American Tobacco halts Russia sales after U-turn

Owner of brands including Rothmans had said it would still sell products – but will now pull out

The Guardian - UK

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The Guardian - UK

UK economy rebounds; Evraz directors resign after Abramovich sanctioned; BAT quits Russia – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Beyond the smoke screen it’s business as usual in Russia for British American Tobacco

A BAT statement strained to create the impression of change, but any specific action was lost in a fog of corporate-speak

Daily Mirror

Uniqlo says it has no plans to close stores in Russia because clothes are a 'necessity'

Cadbury owner Mondelez, Dettol maker Reckitt and Dunhill and Lucky Strike maker British American Tobacco (BAT) are also among brands continuing to trade in Russia

The Independent UK

Heineken and Imperial Brands latest to halt Russian operations

Coca-Cola, Starbucks and McDonald’s said on Tuesday they were all suspending operations in Russia amid a growing consumer backlash.

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news in one place.

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Bangkok Post

Badminton Association of Thailand obtains services of 3 new coaches

The Badminton Association of Thailand (BAT) has hired three more coaches in an attempt to seek Olympic glory at Paris 2024.

Benzinga

Organigram Gets Additional CA$6.3M Investment From BAT, Which Raises Its Stake In The Company To 19.5%

BAT Exercises Top-Up Rights to Invest $6.3 Million Resulting in an Increase in Equity Position from 18.8% to 19.5%

Evening Standard

British American Tobacco joins FTSE share buyback bonanza with £2 billion plan

Over £15 billion worth of buybacks have already been announced by London-listed companies in 2022, putting the stock market well on track to eclipse last year’s total

Newslaundry

RSS arm bats for ITC, but says it doesn’t support tobacco

Swadeshi Jagran Manch’s (SJM) endorsement for using Indian conglomerate ITC’s Fast Moving Consumer Goods (FMCG) products over that of multinational companies comes as a bit of a surprise. SJM is, after all, an arm of the right-wing group, Rashtriya Swayamsevak Sangh (RSS).

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