British American Tobacco (BATS)

Sector:

Tobacco

Index:

FTSE 100

2,924.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 2,984.00
  • 52 Week Low: 2,267.00
  • Currency: UK Pounds
  • Shares Issued: 2,211.32m
  • Volume: 2,080,714
  • Market Cap: £64,659m
  • RiskGrade: 122
  • Beta: 0.53

Italian watchdog fines BAT and Amazon combined €7m

By Abigail Townsend

Date: Wednesday 14 Feb 2024

LONDON (ShareCast) - (Sharecast News) - British American Tobacco and Amazon have been fined a total of €7m by Italy's competition watchdog over "misleading" advertising.


The Italian Competition Authority (AGCM) fined BAT Italia €6m and Amazon €1m after an investigation flagged failings in their advertising for Glo Hyper X2 and Glo Hyper Air heated tobacco products.

The AGCM found that both companies had failed to provide sufficient information about nicotine content and corresponding health risks, with the products presented instead as "simple electronic devices".

It continued: "This is seriously misleading conduct that leads consumers to purchase a product that poses health risks and is prohibited for minors."

Both BAT and Amazon plan to appeal, it was reported.

An Amazon spokesman told Reuters: "The description of our products includes references to age restrictions and health-related risks.

"We have worked closely with the AGCM throughout this case and we've made this information even clearer for customers to address the authority's concerns."

A BAT Italia spokesperson told Dow Jones: "We are clear that our products are for adults only and we adhere to the highest standards of conduct to prevent underage use of any nicotine products.

"We cooperated with the Italian authorities and implemented all suggested changes to our marketing immediately."

The investigation was first opened in April 2023.

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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 2,924.00p
Change Today 6.00p
% Change 0.21 %
52 Week High 2,984.00
52 Week Low 2,267.00
Volume 2,080,714
Shares Issued 2,211.32m
Market Cap £64,659m
Beta 0.53
RiskGrade 122

BATS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.93% above the market average55.93% above the market average55.93% above the market average55.93% above the market average55.93% 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
50.12% above the market average50.12% above the market average50.12% above the market average50.12% above the market average50.12% 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
Income
95.93% above the market average95.93% above the market average95.93% above the market average95.93% above the market average95.93% 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 Not Available

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 3
Sell 1
Strong Sell 1
Total 13
buy
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BATS Dividends

  Latest Previous
  Q3 Q2
Ex-Div 26-Sep-24 27-Jun-24
Paid 01-Nov-24 02-Aug-24
Amount 58.88p 58.88p

Trades for 21-Nov-2024

Time Volume / Share Price
15:42 5 @ 2,923.00p
15:42 194 @ 2,924.00p
15:42 1,178 @ 2,924.00p
15:42 12 @ 2,924.00p
15:42 993 @ 2,924.00p

BATS Key Personnel

CEO Tadeu Marroco
Chair Luc Jobin

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