Business

Shareholders are looking at information about the withdrawal of British American Tobacco from Russia

What about BAT shares? Investors are looking at information about the exit of the manufacturer Pall Mall from Russia and sales of vaping

Shareholders will check for updates British American TobaccoRussia’s output in a report on its progress this year.

The company is due to renew its shareholders on Tuesday, months after the Kremlin launched a war against Ukraine.

After lingering for some time after the conflict began, BAT announced its withdrawal from Russia in March.

BAT produces Pall Mall cigarettes and held about 25 percent of the market in Russia.

He is looking for someone to sell his Russian business, so any update will be interesting for shareholders.

Investors will also look for any implications that the company sees from the cost of living crisis. He was in a sense lucky because of his defensive nature.

It’s one of many firms in London that works well even when the economy is on track. Just like drugs and food, people continue to buy cigarettes even during recessions.

But while sales may not face a big hit, the company will still be wary of what it pays to make its products.

Expenditures on raw materials and labor have risen in recent months. This could shift these additional costs onto consumers.

When they receive an update on trading on Tuesday, many investors will also be looking for information on new business categories.

These include the Vuse vape line, which by one measure is the largest in the world, the nicotine bags under Velo’s lips and the heated Glo tobacco products.

Last year, these products brought in more than £ 2 billion in revenue, and according to BAT’s targets, in a couple of years this should more than double.

Advertising

Shareholders are looking at information about the withdrawal of British American Tobacco from Russia

Source link Shareholders are looking at information about the withdrawal of British American Tobacco from Russia

Back to top button