Reported about 8 hours ago
British American Tobacco (BAT) has announced an $8 billion charge due to a Canadian lawsuit settlement, affecting its anticipated performance in 2025. The company is also grappling with tax increases in Bangladesh and Australia, which are expected to impact its tobacco business. Shares fell over 9%, reflecting market concerns about BAT's growth prospects, despite long-term investment plans that may lead to recovery.
Source: YAHOO