British American Tobacco: shares rise on trading update.
(CercleFinance.com) - Cigarette maker British American Tobacco said on Wednesday that its business continued to perform "very well" and that trading was in line with expectations, which helped boost its shares.
The London-based group, which makes Dunhill, Lucky Strike and Rothmans cigarettes, said this morning that first-half revenue is expected to benefit from good pricing.
In parallel, full-year volume is expected to outperform the industry, which BAT anticipates will be down around 4%.
BAT shares rose 0.8 per cent to 5,459 pence, after outperforming the FTSE 100 index this year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The London-based group, which makes Dunhill, Lucky Strike and Rothmans cigarettes, said this morning that first-half revenue is expected to benefit from good pricing.
In parallel, full-year volume is expected to outperform the industry, which BAT anticipates will be down around 4%.
BAT shares rose 0.8 per cent to 5,459 pence, after outperforming the FTSE 100 index this year.
Copyright (c) 2017 CercleFinance.com. All rights reserved.