Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Tuesday 08 June 2021 7:32 am  |  Updated:  Tuesday 08 June 2021 9:26 am

British American Tobacco lifts guidance as smokers switch to less harmful products

By: Damian Shepherd

Add as a preferred source on Google
British American Tobacco (BAT) is reportedly set to begin a begin a partial sale of its stake in Indian partner ITC as early as this week.
Under the buyback plan, BAT plans to repurchase £1.6bn worth of its ordinary shares, with £700m slated for 2024 and £900m to follow in 2025. (Credit: Getty)

British American Tobacco (BAT) has raised its full-year revenue guidance after the cigarette maker’s focus on new products such as e-cigarettes paid off.

The world’s second-biggest cigarette maker, which owns brands such as Dunhill and Lucky Strike, said its revenue will grow by more than five per cent, exceeding its original three to five per cent guidance.

BAT said its “new category” products, including tobacco-heating devices, had gained shares in all key markets.

This included the US where menthol cigarettes and flavoured cigars are facing a possible ban.

Following the trading update, shares in BAT surged 1.6 per cent as markets opened.

‘Pivotal year’

Jack Bowles, chief executive of British American Tobacco, said that he expects 2021 to be a “pivotal year for the business.

“We are investing and building strong, fast growing international brands in each segment, rapidly accelerating our reach and consumer acquisition.

“This, together with our strong business performance, is reflected in our upgraded group revenue growth guidance of above five per cent for 2021.”

Read more

British American Tobacco shares slide as cigarette volumes decline

British American Tobacco headquarters with falling stock prices graph, reflecting decline in cigarette volumes and share p...

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • British American Tobacco
  • Company

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • Easyjet agrees to £5.7bn Apollo takeover

More from City PM

  • British American Tobacco shares slide as cigarette volumes decline

    Business
    British American Tobacco headquarters with falling stock prices graph, reflecting decline in cigarette volumes and share p...
  • British American Tobacco rolls out plan for thousands of job cuts in AI streamlining

    Business
    Imperial Brands vape products displayed with declining cigarette sales chart in a business news context
  • £4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour

    Tax
    Getty Images logo displayed on a digital screen, symbolizing media and content licensing in a business context
  • Curatis Increases Revenue Growth Guidance for 2026

    Business Wire
  • As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets

    Markets
    Breaking news graphic with headline text, featuring a digital world map and icons symbolizing global connectivity
  • As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves

    Markets
    Breaking news event with gathered crowd and journalists capturing the moment in a bustling city location
  • Tesco fuel sales drag up slowing growth

    Retail
    Tesco shares have reacted positively to the retailer's latest update.
  • Meta’s prediction markets app to prompt scrutiny from British regulators

    Betting
    Meta's Zuckerberg is leading the AI recruitment boom

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook