25 0

FILE PHOTO: Cigarettes are seen during the manufacturing process in the British American Tobacco Cigarette Factory (BAT) in Bayreuth, southern Germany, April 30, 2014. REUTERS/Michaela Rehle. (Reuters) - British American Tobacco ( BATS.L ), reported better-than-expected annual revenue and profit on Thursday, benefiting from higher pricing and a relatively strong performance of its traditional tobacco business. Shares of the world’s No.2 tobacco company have risen over the past year, partly due to its low exposure to vaping in the United States, where a backlash against e-cigarettes following several vaping-related deaths has led a fall in their demand. The company expects adjusted revenue ... Full story

27 February