BAT's Update Seen as In Line With Market Expectations -- Market Talk

Dow Jones2024-12-11

0829 GMT - British American Tobacco's update seems consistent with market consensus forecasts, RBC Capital Markets analysts James Edwardes Jones and Wassachon Udomsilpa say. The FTSE 100 tobacco group confirmed its 2024 guidance, and flagged an acceleration in the second half driven by new categories, they say. However, the company hasn't explicitly confirmed its share buybacks of 700 million pounds in 2024 and 900 million pounds in 2025. "We think the shares are already pricing in any upside from share buybacks," they say. Shares are up 0.5% at 29.84 pounds. (michael.susin@wsj.com)

 

(END) Dow Jones Newswires

December 11, 2024 03:29 ET (08:29 GMT)

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