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BTI changes

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View the full Nov 12, 2026 version
Price
$60.82 → $61.05(+0.4%)
Recent events
Oct added: 28, 2026: BAT named Bruce Sewell, the former General Counsel of Apple, as an independent non-executive director from January 1, 2027. He will join the Audit and Nominations Committees. From November 30, 2026, Véronique Laury moves from the Audit Committee to the Remuneration Committee, and Serpil Timuray moves the other way. Oct 7, 2026: BAT agreed with Merrill Lynch International that the bank buys back BAT shares for the company from October 13 to December 23, 2026. BAT cancels the shares that it buys back. Sep 29, 2026: At its capital markets day in Winston-Salem, BAT set Horizon 2030 targets. New Category revenue should grow at a mid-teens rate through 2030. New Category contribution margin should reach at least 30% by 2030. Sep 29, 2026: BAT repeated that it expects 2026 revenue and profit growth towards the lower end of its 3% to 5% and 4% to 6% ranges, and EPS growth towards the middle of its 5% to 8% range. It narrowed the expected currency headwind on EPS to about 2% to 2.5%. Sep 1, 2026: Dragos Constantinescu started as BAT's new Chief Financial Officer and Executive Director. He replaced Javed Iqbal, who had served as interim CFO. Aug 6, 2026: BAT named Celina Li, from Ocean Spray, as its next Regional Director for Asia-Pacific, Middle East and Africa from January 1, 2027. The current director for that region, Pascale Meulemeester, will replace Luciano Comin as Chief Marketing Officer when he retires at the end of February 2027. Aug 4, 2026: B.A.T Capital Corporation sold $750 million of 5.300% notes due 2033 and $750 million of 5.550% notes due 2036. The parent company guarantees the notes. Jul 30, 2026: BAT reported half-year 2026 revenue of £12,235 million, up 2.9% at constant currency. New Category revenue grew 18.0% at constant currency. Adjusted profit from operations was £5,426 million, up 2.5% at constant currency. BAT raised its forecast for the 2026 decline in global cigarette industry volume to about 3%. Feb 12, 2026: BAT posted full-year 2025 revenue of £25,610 million. The company raised its dividend 2.0% to 245.04 pence per share, and confirmed a £1.3 billion share buyback for 2026. May 28, 2025: BAT sold 313 million ITC Limited shares, about 2.5% of ITC's share capital, for net proceeds of about £1.05 billion. BAT kept about 23% of ITC. It used the money to reduce debt and to add £200 million to its 2025 share buyback.