BAT's strong cigarette sales offset weaker vapes
The big tobacco company's full-year guidance is for revenue growth at the upper half of its 3-5% long term guidance range
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LON:BATS
British American Tobacco is the world’s second largest quoted tobacco group by global market share, with brands sold in more than 180 markets.
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The big tobacco company's full-year guidance is for revenue growth at the upper half of its 3-5% long term guidance range
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Other results and updates in the week are expected from Marston's, On The Beach, LondonMetric Property, Amigo Holdings, Reach and Topps Tiles
US regulators have proposed the ban to combat a rise in both underage vaping and a recent rise in respiratory illnesses linked to e-cigarettes
Jack Bowles, BAT’s new chief executive, said the plans would likely affect around 20% of the company's senior roles
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Against the US dollar, the pound was up over half a percent to $1.2287
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On 1 August, other half-year updates include British American Tobacco, Barclays, Standard Chartered and Capita
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It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Investments and investor services
The UK's blue-chip benchmark index closed out around 42 points lower at 7,493
Investments and investor services
The Footsie closed up over 61 points at 7,559. The FTSE 250 closed up around 24 points higher at 19,659.
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Footsie retailers did well, with B&Q owner Kingfisher (LON:KGF) top dog on the exchange
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Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
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Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
US regulators are due to propose new laws later this year aimed at reducing the amount of nicotine in cigarettes, which would likely have a big effect on BAT’s profits
The FTSE 100-listed firm's full-year revenue on a constant currency basis is expected to meet the mid-upper half of the group's long-term guidance for growth of 3% to 5%
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The UK's premier shares index finished the afternoon session off nearly 31 points at 7,367
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Investors in the FTSE 100 tobacco firm are likely to focus on its next-generation products as the number of cigarette and pipe smokers continues to fall
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Aide from Tesco's latest update, a number of lesser-known blue chip firms will also report in the Week Ahead including British American Tobacco, Ferguson, DS Smith, and Halma
Robert Allen left Crest Nicholson last year when the housebuilder issued a profit warning.
Grace Jones' Slave to the Rhythm might well have been about the pressure of a progressive dividend policy: 'Build on up, don't break the chain; Sparks will fly when the whistle blows'
Investments and investor services
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha