BAT Already Saving a Packet from Tie-Up

By Davies, Ross | The Evening Standard (London, England), February 28, 2001 | Go to article overview

BAT Already Saving a Packet from Tie-Up


Davies, Ross, The Evening Standard (London, England)


Byline: ROSS DAVIES

SHARES in British American Tobacco gained today as the world's second-largest quoted smokes group said its merger with Rothmans 18 months ago is paying off more quickly than expected.

Chairman Martin Broughton said that savings of [pound]230 million were made in the year to 31 December, against a forecast at the time of the merger of [pound]250 million within three years.

BAT shares gained 9 1/4p to 548p before beginning to settle back. Pre-tax profits rose 11% to [pound]1.52 billion on operating profits 27% higher at [pound]2.58 billion before heavy exceptionals, which included [pound]119 million for departures at US subsidiary Brown & Williamson, where costs are being cut to deal with lower domestic demand and to fight state and federal cancer lawsuits.

Adjusted earnings per share are up 11% at 57.87p and the final dividend is 12% ahead at 20p, making a total 11% ahead at 29p. The company said that world demand is essentially stable although the number of cigarettes it shifted rose a record 7% to 807 billion. That, however, was down 2% on a comparable basis.

Ironically, the really good news came from Europe where any time now the EU will announce when it will stop the sale or export of high-strength cigarettes. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

BAT Already Saving a Packet from Tie-Up
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.