Summary
British American Tobacco reported a nine per cent rise in first half earnings, beating forecasts, but cautioned that profit growth would slow in the second half of the year.
The world's second-biggest cigarette maker said "significant" excise increases in a number of key markets, combined with a rise in spending, meant the strong first-half performance would not be repeated.See the full content of this document
Extract
Tax Boosts 'Will Hit Bat Profit' ; Smoking
In the first six months of the year, operating profit climbed 13 per cent ...
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