Will British American Tobaccoâs share price go up in smoke?
You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Meanwhile, the World Health Organisation also declared last month that both tobacco products and e-cigarettes “pose risks” to health and the “safest approach is not to use either”. What have BAT’s past results been like? In its half-year results, BAT reported that total cigarette volumes fell 3.5%, in line with the overall industry, to 336 billion sticks. However, “encouraging growth” in new categories, primarily tobacco heated products, helped overall revenues rise 4.6% to £12.1bn. This is where the BAT share price will rise or fall. If there is continued negative headlines over what are supposed to be its “less risky” products, then its future outlook will be cloudy. But if health fears decrease then it could really light up.