British American Tobacco (BATS)

Sector:

Tobacco

Index:

FTSE 100

2,437.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 2,735.00
  • 52 Week Low: 2,267.00
  • Currency: UK Pounds
  • Shares Issued: 2,222.62m
  • Volume: 2,396,265
  • Market Cap: £54,165m
  • RiskGrade: 122

Pressure groups to lobby UN over menthol tobacco - report

By Abigail Townsend

Date: Wednesday 21 Apr 2021

LONDON (ShareCast) - (Sharecast News) - The US government is facing further pressure to ban menthol cigarettes after campaign groups lobbied the United Nations over the issue, it was reported on Wednesday.
The Biden administration is understood to be discussing a ban on menthol cigarettes, as the minty taste is thought to mask the irritating effects of smoking and so appeal to new smokers and young people. Menthol cigarettes are already banned in the UK and European Union.

The US Food and Drug Administration, which regulates tobacco use, must respond to a petition to ban menthol cigarettes by the end of the month. The lawsuit was brought by the African American Tobacco Control Leadership Council (AATCLC).

But according to Bloomberg, nearly 100 lobby groups have ramped up the pressure by co-authoring a letter asking the UN to look at the adverse effects of menthol cigarettes on the health of African Americans as a human rights issue.

Signatories included the AATCLC, Action on Smoking and Health (Ash), the American Heart Association, National Council of Churches and the International Union Against Tuberculosis and Lung Disease, among others.

The letter notes: "The decades of well-documented racialised and predatory tobacco industry targeting of African Americans, specifically with menthol flavouring, is a human rights issue."

Bloomberg also quoted Kelsey Romeo-Stuppy, managing attorney of Ash, saying: "Menthol is a health and equality issue, and while we're talking about equality around Covid, now is the time to be talking about menthol." Ash also plans to send a separate letter the US State Department, arguing that it has an obligation to report to the UN on its progress to end racial discrimination."

The White House is also considering curbing nicotine levels in cigarettes, according to a report by the Wall Street Journal on Monday, which caused tobacco stocks to slide worldwide. Nicotine is not known to cause cancer, but it does make smoking more addictive.

As at 1400 GMT on Wednesday, US giant Altria Group was largely flat in pre-market trading, while London-listed British American Tobacco was up nearly 1% at 2,711.5p. Both suffered heavy losses earlier in the same week.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BATS Market Data

Currency UK Pounds
Share Price 2,437.00p
Change Today 3.00p
% Change 0.12 %
52 Week High 2,735.00
52 Week Low 2,267.00
Volume 2,396,265
Shares Issued 2,222.62m
Market Cap £54,165m
RiskGrade 122

BATS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.15% above the market average81.15% above the market average81.15% above the market average81.15% above the market average81.15% above the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
20.56% below the market average20.56% below the market average20.56% below the market average20.56% below the market average20.56% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
72.43% below the market average72.43% below the market average72.43% below the market average72.43% below the market average72.43% below the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 3
Sell 1
Strong Sell 1
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BATS Dividends

  Latest Previous
  Q1 Q4
Ex-Div 21-Mar-24 21-Dec-23
Paid 02-May-24 01-Feb-24
Amount 58.88p 57.72p

Trades for 07-Jun-2024

Time Volume / Share Price
17:14 23,856 @ 2,439.50p
16:38 7,015 @ 2,437.00p
16:37 1,770 @ 2,437.00p
16:28 0 @ 2,438.00p
16:28 0 @ 2,438.00p

BATS Key Personnel

CEO Tadeu Marroco
Chair Luc Jobin

Top of Page