British American Tobacco p.l.c. (BATS.L)

Company Description:

British American Tobacco p.l.c. (BAT) is a leading global tobacco company known for its extensive range of cigarettes, smokeless products, and potentially reduced-risk products. The company operates through the following segments: United States, Americas and Sub-Saharan Africa, Europe and North Africa, and Asia-Pacific and Middle East.

BAT was established in 1902 following a joint venture between the UK's Imperial Tobacco Company and the American Tobacco Company. The company is headquartered in London, United Kingdom, reflecting its rich heritage and international presence.

Main Product(s):

British American Tobacco's product range includes cigarettes, fine-cut rolling tobacco, cigars, and smokeless products such as e-cigarettes and nicotine pouches, with a growing focus on reduced-risk products in line with changing consumer preferences.

Short History of Rio Tinto plc:

• 1902 - BAT was formed as a joint venture between the UK's Imperial Tobacco Company and the American Tobacco Company.
• 1911 - The company expanded globally, establishing its presence in multiple countries.
• 1998 - BAT merged with Rothmans International, significantly increasing its market share.
• 2004 - The company made significant inroads in the e-cigarette market.
• 2017 - BAT acquired Reynolds American Inc., further expanding its presence in the US market.
• 2021 - Continued focus on potentially reduced-risk products, adapting to evolving consumer trends.