EARLY MOVERS: Altria Group and tobacco firms in the frame after FDA crackdown announcement
Also in pre-market deals, Pivotal Software Inc takes a nose-dive and McDonalds Corp shares are unmoved
Company
British American Tobacco PLC
LON:BATS
British American Tobacco is the world’s second largest quoted tobacco group by global market share, with brands sold in more than 180 markets.
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FTSE 100 closes higher with pound volatile, as tobacco stocks fire up on FDA move
The UK blue chip index rose 34 points to 7,308 around 3.40pm
RBC burns British American Tobacco and Imperial Brands with downgrades as NGPs set to outgrow cigarette market
RBC’s analysts said they “expected relatively lower margin (NGPs) to continue to outgrow the core cigarette business”, which would lead to a “negative mix effect on profitability”
Barclays initiates British American Tobacco with ‘overweight’ recommendation
Barclays believes BAT is well placed to exploit a new era of competitive disruption in the industry heralded by innovations such as e-cigarettes
Veltyco slides as it forecasts half-year earnings miss
A look at some of the biggest risers and fallers in London on Thursday
BAT shares up as interims top forecasts; US Eclipse launch report
BAT saw its sales jump by 57% to £11.64bn for the half-year to 30 June 2018, with profit from operations ahead 72.4% to £4.438bn, and its adjusted earnings per share (EPS) of 137.2p ahead of expectations
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
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Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
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Apres moi le deluge: Flood of blue chip results to dominate in coming week, including BT Group
Over the five sessions in the Week Ahead, around 20% of the FTSE 100 index will report results or issue a trading update, with about half that number due on Thursday alone
FTSE 100 closes higher as pound crashes amid Brexit worries
Footsie added nearly 26 points to stand at 7,626, while FTSE 250 also finished higher - up almost 71 points at 20,871
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FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
FTSE 100 joins other European benchmarks to go lower as trade fears continue to dent sentiment
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
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Greene King enjoying the summer sunshine
The oil sector dominates the corporate news agenda on Thursday but it is also difficult to get away from matters pertaining to the World Cup
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Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Liberum initiates British American Tobacco and Imperial Brands at 'Buy' despite regulatory pressures
Analysts at the broker said the heavy discounts on the companies shares from the market were overly cautious and predicted upsides from new generation products
BAT first half trading in line but currency translation headwind to limit full-year growth
The FTSE 100-listed firm said exchange rates would reduce its earnings per share growth by 9% for the first half of the year and by 6% for the full year, at current spot rates
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
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Housebuilders in focus on Tuesday, but fashion updates eyed too
The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
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FTSE 100 closes account firmly higher, bolstered by weaker pound
The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.
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All eyes to be on trading news from Tesco - although investors have to wait until Friday
Aside from a first-quarter update from Tesco, the week ahead will include an annual meeting for rival Morrison's, plus the latest US Federal Reserve and ECB policy meetings
Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
BAT aims to more than double its revenue from Next Generation smoking products by end 2018
In a statement to be delivered at today’s annual general meeting, BAT’s chairman, Richard Burrows said: "Given the success of the Next Generation Product portfolio, the Group has decided to further increase investment plans"
Burberry names Gerry Murphy as its chairman designate
The FTSE 100-listed firm said Murphy will start on 17 May and will succeed John Peace as chairman after the company’s annual shareholder meeting on 12 July
BAT downgraded by Citi after disappointing sales and progress on cigarette alternatives
Citi downgraded the stock to ‘neutral’, saying it now prefers US-listed Philip Morris
BAT sales boosted by Reynolds acquisition, but organic volumes decline
The FTSE 100-listed cigarette manufacturer saw its full-year revenue rise to £20.292bn, up from £14.751bn the year before, with adjusted organic revenue at £15.712bn
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FTSE 100 closes in red, despite US market turnaround
In London, the FTSE 100 closed down around 29 points at 7,252
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Another day, another bank reporting results - Barclays the next up to the oche
Day ahead includes a swathe of FTSE 100 results, including from the likes of Barclays PLC, British American Tobacco PLC, BAE Systems PLC, and Centrica PLC
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Banks to feature strongly in deluge of blue chip earnings, including Lloyds, RBS, Barclays
Week ahead includes a deluge of blue chip results, notably from the banking sector, including numbers from HSBC PLC, Barclays PLC, Lloyds Banking Group PLC, and Royal Bank of Scotland PLC
Investments and investor services
FTSE 100 closes in the red as sterling booms
“If he intended it, Treasury Secretary Steven Mnuchin has done a first class job of whacking the dollar,” declared Neil Wilson at ETX Capital. .
BAT says recent US tax reforms to benefit full year 2018 earnings per share by 6%
The cigarette manufacturer said, for the year to 31 December 2017, the announced tax changes will have no impact on its underlying effective tax rate, which the group has previously said is expected to be around 30%
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Nothing much aside from indigestion on the post-Christmas agenda, but the New Year will bring Next's update and US jobs data
The next two weeks will be dominated by the Christmas and New Year holidays, of course, so investors will have to wait a while for the excitement of a trading update from Next PLC and the latest US report until the first week of 2018
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Little stuffing for the turkeys in final trading week before Christmas, and beyond
The corporate news diary is, not unsurprisingly, almost completely empty, while the macro calendar is also pretty Spartan aside from two CBI surveys and final UK GDP data
BAT says it is continuing to perform well, with trading in line with expectations
The FTSE 100-listed maker of Lucky Strike and Dunhill cigarettes added that it was confident it would deliver another year of good earnings growth at constant currency
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
FTSE 100 closes in positive territory, bolstered by weak pound
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
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Parallel Media and Physiomics lead small cap market gainers
Some of the biggest risers and fallers in London on Wednesday
Investments and investor services
FTSE 100 closes lower as pound firms amid Brexit bill breakthrough
London's blue-chip index closed the day lower but retailers and housebuilders did well, oh, and there was some Brexit news...
FTSE 100 edges higher as "Spreadsheet Phil" sings 'This old house'
Lloyds's shares were changing hands at a rate of knots, while the house-builders saw some of their recent handsome gains creamed off
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FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
BAT expects revenues from "next generation products" to double to over £1bn next year
BAT - the world's biggest international tobacco company - said the products, which include e-cigarettes and devices that heat tobacco without burning it, should exceed revenue of £5bn by 2022
Investments and investor services
FTSE 100 closes over 1% lower as sterling spikes
The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
What’s in store for Kingfisher investors on Thursday?
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
BAT says SFO opens formal investigation into possible historic misconduct by the tobacco firm in Africa
In a brief statement, the FTSE 100-listed company said: “We have been co-operating with the Serious Fraud Office and British American Tobacco has been informed that the SFO has now opened a formal investigation.”
Market concerns on impact of proposed US cigarette nicotine cut misplaced, says JP Morgan
JP Morgan sees a buying opportunity for top producers of cigarette alternatives
Contract news lift for Physiomics, Rosslyn Data Technologies
A glance at some of the bigger risers and fallers today in London ...
FTSE 100 manages to hold onto gains; Severn Trent top gainer
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
BAT sees sterling weakness lift first-half sales and profits, even though volumes continue to decline
The FTSE 100-listed firm saw its revenue rise by 15.7% to £7.7bn in the six months to 30 June, up from £6.9bn a year earlier, helping adjusted profit to increase by 15.8% to £2.8bn
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FTSE 100 closes nine points lower as AstraZeneca weighs
It's been a busy day here in London; 15% of FTSE 100-listed companies have had some sort of meaningful news out...
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Lloyds to report strong quarterly figures in first results since government sold remaining stake
Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
British American Tobacco benefits from weaker pound but volumes hit by shipment delays
The tobacco company has been expanding its vapour business as the consumption of conventional cigarettes stalls
BT nabs Rio Tinto’s chairman
Jan du Plessis is to step down as chairman of the mining giant as he assumes a new position on the board of BT
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Storm Doris and Whirlpool willies
What's trending? Storm Doris and Whirlpool tumble dryers; banking behemoths Barclays and Lloyds; British American Vaping ... er ... Tobacco; and Deltex.
British American Tobacco's annual earnings lower than expected on flat tobacco volumes
The FTSE 100 tobacco company's full year earnings and revenue have missed expectations
FTSE ends lower as Wall St adds to ex-divi stock blues
With around half-an-hour of trading to go in London, the FTSE100 index was almost 20 points lower at 7,282, the day’s worst levels, well below an earlier peak of 7,310.
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Barclays next in to bat as banking results season continues
Will Barclays' results be duff, like HSBC's, or buff, like Lloyds'?
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Week ahead: Housebuilders and banks dominate agenda with slew of earnings
Housebuilders and banks will take centre stage with a slew of London-listed corporate earnings to be published.
Berenberg turns positive on BAT following Reynolds American mop-up deal
The German broker's analysts said they had upped their rating for BAT to ‘buy’ from ‘hold’ and raised their price target by 10% to 5,670p.
FTSE 100 ends up, miners buoyed by China, UK companies buy US firms
FTSE 100 shares closed higher on Friday, led by miners buoyed by strong trade data from China while several UK companies were snapping up US stocks in a role reversal from that seen in the days after the June Brexit poll when UK companies w
Cash from beer stake helps boost fourth-quarter earnings for Marlboro group Altria
The US's largest tobacco company saw its earnings rise to US$10.28bn, up from US$1.25bn, boosted by the US$5.3bn cash Altria received for its stake in SABMIller.
Investments and investor services
FTSE drops below 7300 as pound ascends on May’s Brexit speech
The FTSE 100 continued its sharp slide on Tuesday, after the pound surged at its strongest intraday pace since 2008 following Theresa May's speech on Brexit which was seen as offering leadership on the course for quitting the European Union
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
Consort Medical shares go up in smoke as BAT unit terminates supply deal for Voke nicotine inhaler
Consort said Nivocations is terminating the deals with its Bespak Europe unit with immediate effect due to lack of a commercial launch of Voke before December 31.
FTSE 100 pare losses but Italian poll jitters persist
FTSE 100 has struggled all day ahead of the Italian constitutional vote
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Easyjet , BAT Industries, Acacia Mining , Shell
A round-up of top broker recommendations today
Trending: Mega-mergers are back
So much for Brexit and the US elections becalming the mergers & acquisitions scene. Also: Windows 10 refuses to go away; Cobham scores hat-trick of profit warnings
Will BATS have to bid more than £40bn to land its ciggie target?
Last week BATs said it would pay Reynolds’s investors $56.50 per share in a cash and shares deal for the Lucky Strike and Camel cigarette maker.
US stocks pare losses to end the session and the week flat
US stocks pared initial losses to close Friday – and the week - flat after a roller-coaster ride in an earnings season
Market likes BATS' smoke signals as it moves to take full control of Reynolds
The US company's shareholders are being offered US$24.13 in cash and 0.5502 BATS shares for each of their shares
Investments and investor services
FTSE 100 stocks end soft as tobacco takeover produces mixed results
FTSE 100 shares ended softer on Friday after a trans-Atlantic tobacco takeover bid failed to lift the mood of the market
Investments and investor services
Ryanair and easyJet facing turbulence, says Deutsche
Lower demand and pricing pressure set to weigh on budget airlines, says German broker
UK shares surge, rub out previous day’s losses, as miners stage a comeback
London shares closed sharply higher on Friday and more than erased the previous session’s losses as two unlikely bedfellows – tobacco and pharma stocks – led the gains alongside a rebound by miners which had a difficult week
FTSE 100 sitting pretty ahead of US jobs report
An unlikely combination of tobacco and drugs stocks are driving the top-share index's advance
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Brokers: Deutsche lights up British American Tobacco
Deutsche Bank said British American Tobacco remained one of its top picks.
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Brokers: IAG a "cause for concern" says Liberum
For analysts at Liberum there were some “causes for concern” at British Airways owner IAG
BATS' half-year figures kick butt
The group's cigarette market share in its key markets rose by 0.3 of a percentage point
PREVIEW: Investors look for signs of synergies from Shell's acquisition of BG
To misquote Prince, it’s just another frantic Thursday with around one-sixth of the FTSE 100 companies set to update the market.
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Numis hands big upgrade to Melrose PLC after Nortek buy
A look at some early broker ratings on Thursday morning
Investments and investor services
FTSE 100 opens 17 points down
The FTSE 100 didn't get off to a great start this morning.
FTSE 100 closes above Brexit crisis levels
London’s FTSE 100 index on Wednesday closed above “Brexit” crisis levels for the first time since the morning of the In-Out European Union referendum polling last Thursday
Investments and investor services
BREXIT LIVE: City reaction as Britons choose leave
That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
FTSE 100 to make modest progress, buoyed by oil price rally
BP's results will be in focus, with investors likely to home in on any commentary about the dividend
PREVIEW: BP Plc profits and dividend will be focus of Q1 results
BP, British American Tobacco and Whitbread are among the highlights in the schedule for Tuesday - meanwhile Boohoo.com, Carpetright, Petra Diamonds and Horizon Discovery are also among the notable names.
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FTSE 100 storms back above 6,000
Good corporate news including strong sets of numbers from Lloyds and RSA sent FTSE100 soaring...
Banks and economic news propel Footsie higher
The Footsie extended the morning's gains to stand 140.94 points up at 6008 by lunchtime
Most followed: Serco, Capita, Beowulf, Lloyds. Molins, BAT..
Latest result from the Outsourced Cup: Serco 3 Capita 0.
Upbeat Lloyds results drive London market higher
Lloyds reported a 5% rise in underlying profit to £8.1bn
BAT hails cigarette sales improvement
The number of cigarettes sold rose 1.7% rise in the second half of the year trimming the decline for the year to 0.5% or 663bn.
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
Thursday's agenda: Rio Tinto to lift mining spirits
Broker UBS expects the numbers to be a "small positive catalyst" to the miner
Investments and investor services
FTSE 100 crashes 159 points
More than one in six FTSE 350 stocks shed more than 5%
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Some uncertainty removed at Pearson, says Barclays
Pearson, a business that was once described as 'opaque'. has had some "layers of uncertainty" removed, Barclays said
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FTSE 100 heads lower as oil worries weigh
A rollercoaster day saw the index open higher but head lower
FTSE 100 see-saws as oil price debate rages
FTSE 100 has dropped back close to a three-year low since the start of the new year
Investments and investor services
FTSE100 drops as miners weigh...again
The miners were again at the bottom of the index, as a lower oil price weighed on metal prices.