BAT falls after flagging weakness in heated tobacco, cigarette industry volume

British American Tobacco

02/06/2026 08:40

** Shares of British American Tobacco BATS.L fall 3% to 44.4 pounds; top pct loser on FTSE 100 .FTSE index, which is up 0.2%
** Co warns of low double-digit revenue decline in heated products brand glo in first-half and full year, and expects 2026 global cigarette industry volume to be down about 2.5% 
** BAT expects first-half and full-year revenue growth from smokeless products to be in the mid-teens, up from its prior forecast of low double-digit growth
** Co reaffirms 2026 guidance for performance at the lower end of 3-5% revenue growth and 4-6% adjusted operating profit growth
** As of last close, stock up 8.71% YTD, while FTSE 100 .FTSE up 4.1%

 (Reporting by DhanushVignesh Babu in Bengaluru)
 ((DhanushVignesh.Babu@thomsonreuters.com))