British American Tobacco Kenya PLC

British American Tobacco will cut or outsource about 9,000 jobs worldwide, including 5,500 layoffs by the end of the year and 3,500 outsourced roles. The restructuring aims to streamline the organisation and deliver annual cost savings of around £600 million by 2028. The impact on its German business is still unclear; CEO Tadeu Marroco pledged support for affected employees. » More on t-online.de

British American Tobacco will cut or outsource about 5,500 jobs by the end of the year as part of a cost-cutting programme, in addition to around 3,500 positions already handed over to Accenture. The company employs roughly 47,000 people worldwide. Supply-chain operations in the UK and Singapore, as well as functions in service centres in Costa Rica, Mexico, Poland, Romania and Malaysia, are affected. The measures are part of a restructuring programme launched in 2025 that is expected to deliver about £600 million in annual savings by 2028 and, according to BAT, is proceeding as planned. » More on finanzen.net

British American Tobacco’s share slipped about 4.3% to 4,384 pence following preliminary half‑year figures, even though the group reported roughly 15% revenue growth thanks to novel products such as e‑cigarettes and confirmed its full‑year outlook. Full half‑year numbers will be released on 30 July, and a capital markets day is planned for late September. Analysts note the divergent trends of traditional cigarettes versus new categories; RBC sees margin risks and rates the stock "Underperform" (price target 3,600 pence), while Jefferies recommends buy (price target 5,200 pence). » More on de.investing.com