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BAT warns of steeper declines in cigarette sales, shares slip

BAT warns of steeper declines in cigarette sales, shares slip

(Reuters) - British American Tobacco (BAT), the world’s No. 2 tobacco company, warned on Wednesday of steeper declines in cigarette sales globally mainly due to waning demand in its main U.S. market, sending its shares down more than 4%. The maker of Lucky Strike and Dunhill cigarettes forecast global industry volumes to fall around 3.5% this year,

BAT sees further growth in vaping, e-cigarette products this year

BAT sees further growth in vaping, e-cigarette products this year

(Reuters) - British American Tobacco, the world’s No. 2 tobacco company, on Wednesday forecast sales of vaping and e-cigarette products to accelerate in the second half of the year and announced plans to consolidate the business into fewer brands. The maker of Lucky Strike and Dunhill cigarettes flagged slowing global industry volumes, but forecast