Taking Stock 

BATS off the menu in emerging markets

Mark Robinson

BATS off the menu in emerging markets

Would someone who enjoys having a smoke still be inclined to light-up during lockdown? That certainly seems to be the case in the US and other mature markets, according to a pre-close trading update from British American Tobacco (BATS). The world’s second-biggest tobacco group has seen “good pricing” and “little evidence of accelerated downtrading” in developed economies, which account for three-quarters of group sales. Demand may have held up through the pandemic, but sales of conventional tobacco products remain in structural decline in these economies.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now