Tobacco shares hardest hit in 2018

Tobacco shares hardest hit in 2018

British American Tobacco (BATS) might have hoped reconfirming guidance for full-year sales of vapour and tobacco heating products – expected to almost treble to £900m – would calm investor fears of growing regulatory pressures. However, the update did little to boost the shares, which are down 45 per cent during the past 12 months. 

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