BAT stock lags FTSE as AI cuts face dividend question
British American Tobacco p.l.c. finished the week down despite bouncing mid-week. The market saw its AI-driven cost cuts as a move to protect guidance, not a reason to push the shares higher. The London Stock Exchange was closed Saturday. The stock last changed hands Friday at 4,621p, off 13p, or 0.28%. Volume was 1.04 million. The stock slipped 2.7% since last Friday’s close at 4,751p. Shares saw the biggest one-day drop on Wednesday, not on Monday after job cuts were announced. The market didn’t dismiss the cost-cutting plan, but shares moved lower through the week.