British American Tobacco Drops Ahead of Expected Tuesday Update
British American Tobacco shares fell 2.46% Friday to 4,591p, capping a 5.8% weekly drop, ahead of its June 2 pre-close trading update. The company bought back over 560,000 shares last week, but selling persisted. U.S. regulators signaled a softer stance on vape and nicotine pouch rules, which could benefit BAT’s Vuse and Velo brands. CEO Tadeu Marroco will address investors Tuesday at 8:30 a.m. BST.