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BTI / British American Tobacco to withdraw presence from Russia, trims full-year revenue and EPS growth outlook

British American Tobacco to withdraw presence from Russia, trims full-year revenue and EPS growth outlook
The U.S.-listed shares of British American Tobacco PLC BTI, -2.02% BATS, -1.03% fell 1.9% in midday trading Friday, after the U.K.-based tobacco products seller, with brands including Lucky Strike, Dunhill and Pall Mall, said it will no longer have a presence in Russia, and lowered its full-year financial outlook as a result of Russia's invasion of Ukraine. The company said it has completed its review of its presence in Russia,and have concluded that ownership of business in Russia is "no longer sustainable in the current environment. Read More
Posted: Mar 11 2022, 11:58
Author Name: Market Watch
Views: 111621

BTI News  

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