British American Tobacco falls after announcing 5,500 job cuts

British American Tobacco

29/06/2026 08:36

** Shares of British American Tobacco BATS.L down 1.5% at 4,683 pence
** Co says it will cut 5,500 jobs and move a further 3,500 roles to strategic partners, impacting about 20% of its global workforce
** Says programme to deliver an additional £600 million  ($793.32 million)in annual savings by 2028, on top of £500 million targeted by 2027
** BATS up ~12.74% YTD, as of last close

($1 = 0.7563 pounds)

 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))