British American Tobacco (BATS) Stock Update: Buyback Nears Its Finish Line, Dividend Date Looms, and 2026 Guidance Turns Cautious
British American Tobacco p.l.c. (BAT) is ending 2025 with a familiar cocktail for investors: steady cash returns, aggressive capital allocation, and a tug-of-war between “smoke-free” growth ambitions and regulatory/competitive reality. On 23 December 2025, the company published a fresh “Transaction