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BAT turns up volume

Surprise lift in volumes backs up BAT's attraction
April 27, 2012

British American Tobacco's predictably competent first-quarter performance was interesting chiefly for the suprise rise in total cigarette volumes during the quarter of two billion sticks.

IC TIP: Buy at 3,160p

This was partly down to the acquisition of Protabaco in October last year, but a rise in volumes was also seen in developed economies, such as Denmark.