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    BATS   GB0002875804

BRITISH AMERICAN TOBACCO PLC

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Delayed London Stock Exchange  -  11:35 2022-08-05 am EDT
3257.00 GBX   +1.16%
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EU proposes ban on flavoured heated tobacco products

06/29/2022 | 07:42am EDT
FILE PHOTO: European Parliament plenary session in Strasbourg

BRUSSELS (Reuters) - The European Commission proposed on Wednesday to ban the sale in the EU of flavoured heated tobacco products after a big rise in their consumption.

"By removing flavoured heated tobacco from the market we are taking yet another step towards realising our vision under Europe's Beating Cancer Plan to create a "Tobacco Free Generation" with less than 5% of the population using tobacco by 2040," EU health commissioner Stella Kyriakides said in a statement.

The proposed ban would be in force if EU governments and EU lawmakers do not oppose it. Even if approved EU-wide, governments will have months to adapt their legislation to the possible change before it is effective on their territories.

The move comes after the Commission estimated a 10% rise in the sales volumes of heated tobacco products in half a dozen EU countries, helping heated tobacco products to exceed 2.5% of total sales of tobacco products in the EU, the EU executive said.

Heated tobacco is an alternative to smoking which uses real tobacco. That is different from e-cigarettes which contain no tobacco and use liquids.

Philip Morris International has the biggest share of the heated tobacco market, according to the University of Bath.

(Reporting by Francesco Guarascio @fraguarascio; editing by David Evans)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRITISH AMERICAN TOBACCO PLC 1.16% 3257 Delayed Quote.19.15%
IMPERIAL BRANDS PLC 0.27% 1838.5 Delayed Quote.13.73%
PHILIP MORRIS INTERNATIONAL, INC. -0.41% 97.6 Delayed Quote.2.74%
All news about BRITISH AMERICAN TOBACCO PLC
08/04BRITISH AMERICAN TOBACCO : Report Of Foreign Issuer - Form 6-K
PU
08/04European ADRs Move Higher in Thursday Trading
MT
08/03BRITISH AMERICAN TOBACCO : Notification and public disclosure of transactions by persons d..
PU
08/01BRITISH AMERICAN TOBACCO : Notification and public disclosure of transactions by persons d..
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08/01BRITISH AMERICAN TOBACCO : Transaction in own shares
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08/01BRITISH AMERICAN TOBACCO PLC : Monthly statement on outstanding equity shares and voting r..
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07/29BRITISH AMERICAN TOBACCO : TRANSACTION IN OWN SHARES - Form 6-K
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07/29European ADRs Move Higher in Friday Trading
MT
07/29BRITISH AMERICAN TOBACCO : Report Of Foreign Issuer - Form 6-K
PU
07/29BRITISH AMERICAN TOBACCO : Notification in accordance with listing rule 9.6.13R
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Financials
Sales 2022 27 813 M 33 500 M 33 500 M
Net income 2022 7 195 M 8 666 M 8 666 M
Net Debt 2022 37 276 M 44 899 M 44 899 M
P/E ratio 2022 10,1x
Yield 2022 7,17%
Capitalization 73 169 M 88 131 M 88 131 M
EV / Sales 2022 3,97x
EV / Sales 2023 3,75x
Nbr of Employees 54 365
Free-Float 84,1%
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Number of Analysts 18
Last Close Price 3 257,00 GBX
Average target price 4 087,20 GBX
Spread / Average Target 25,5%
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Managers and Directors
Jack Marie Henry David Bowles Chief Executive Officer & Executive Director
Tadeu Luiz Marroco Finance Director & Executive Director
Luc Jobin Chairman
David O'Reilly Director-Scientific Research
Syed Javed Iqbal Director-Digital & Information