Tobacco Industry 1 April 2026 - 22 April 2026

British American Tobacco Shares Rise After Morgan Stanley Makes BAT Its Top European Tobacco Pick
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British American Tobacco Shares Rise After Morgan Stanley Makes BAT Its Top European Tobacco Pick

British American Tobacco shares rose 1.97% to 4,302p late Friday after Morgan Stanley double-upgraded the stock to overweight and named it its top European tobacco pick, raising the price target to 4,900p. The upgrade comes as UK lawmakers passed a bill tightening tobacco and vaping rules and raising the legal buying age, while BAT continues buybacks and reports growth in newer nicotine products.
April 25, 2026
British American Tobacco’s Velo Push Hits FDA Delay as U.S. Nicotine Pouch Reviews Stall
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British American Tobacco’s Velo Push Hits FDA Delay as U.S. Nicotine Pouch Reviews Stall

British American Tobacco’s U.S. launch of Velo nicotine pouches faces delays as the FDA has not yet approved several products under its fast-track review, Reuters reported. BAT’s applications remain unresolved despite expectations for decisions by end-2025. The company relies on smoke-free products to offset falling cigarette sales and reported 2025 new-category revenue up 7% to £3.62 billion. FDA scientists have cited concerns about youth addiction risks.
April 1, 2026