British American Tobacco (BATS LN, HOLD 5300p) - Combustible driven
BAT (BATS LN, HOLD 5300p) yesterday, 25th October 2017 held an investor day. The main themes were NGPs, the Reynolds acquisition and an update on the US regulatory environment. Nicandro Durante (CEO) led the event and emphasised how combustibles has driven constant currency EPS and market share growth over the last 7 years.British American Tobacco is engaged in tobacco and nicotine products. This includes Co.'s Next Generation Products, comprising its vapour and tobacco heating products, and its oral tobacco and nicotine products such as moist snuff and snus. Co.'s U.S business (Reynolds American) brand portfolio which includes Newport, Camel and Pall Mall. These, and other brands including Doral, Misty and Capri, are manufactured in a variety of styles and marketed throughout the U.S. Co. has other international and local cigarette brands including Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555 and Shuang Xi.
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