On August 13, British American Tobacco PLC rose 3.02% in regular trading, trading at 57.45 USD/share, with turnover of $62.75 million.
On the news front, British American Tobacco announced on August 12 an expanded partnership with ITC Infotech, under which ITC will provide the company with AI-related services. Financial terms of the deal were not disclosed. The partnership aligns with the company's broader Fit2Win transformation program launched in 2025, which targets 600 million British pounds in annual cost savings by 2028 through streamlined operations and technology partnerships.
Additionally, multiple analyst reports have recently highlighted strong performance in British American Tobacco's new tobacco categories in the first half, with full-year revenue growth for new categories now expected at approximately 15%, up from a prior low-double-digit forecast. The stock had declined over 3% on August 10 amid broad sector pressure, and the current rise appears to reflect a technical recovery combined with the partnership catalyst.
Within the Tobacco sector, the overall sector is broadly higher. Among individual stocks, Philip Morris up 2.76%, Altria up 2.28%, Turning Point up 2.25%, RLX Technology up 1.98%, Universal up 1.91%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)