BAT Shares Settle in London After Rally as Investors Look Ahead
British American Tobacco shares fell 0.6% to 4,896p in London on Tuesday afternoon, underperforming the FTSE 100, which edged up 0.1%. The drop followed a sharp rally, with BAT stock up 16.8% over four weeks. The company announced a new technology hub in Bengaluru and confirmed it had bought back 592,630 shares for cancellation. Investors also weighed ongoing buybacks and growth in smokeless products.