BAT Lags FTSE 100 After Guidance Cut, Vape Hopes in Focus
British American Tobacco p.l.c. fell in London on Friday, with Hargreaves Lansdown showing a sell price of 4,565p and a buy price of 4,567p, off 18p, or 0.39%. The FTSE 100 gained 1.14%. BAT had only just picked up some ground this week, including a 2.03% jump to £45.66 on Wednesday. Investors remain split on whether the stock’s income case stacks up against slowing cigarette volumes and steady full-year guidance. BAT’s pre-close update on June 2 has kept the share in play. The company now sees “New Category” revenue—which covers vapour, heated tobacco, and oral nicotine—growing at a mid-teens rate for both the first half and the full year. But BAT left 2026 group revenue guidance at the low end