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The Latest Breaking News from BAT

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

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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

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

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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

The Guardian - UK

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

Daily Mirror

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.

The Independent UK

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.

Bangkok Post

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%

Benzinga

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

Evening Standard

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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