1331 GMT - British American Tobacco's progress on new category products--which includes vapes, heated tobacco and nicotine pouches--will be closely watched by investors, industry analyst Tobacco Insider says. The FTSE 100 tobacco group is facing pressure from peer Philip Morris given the relative success with the new categories segment, which represent 40% of total Morris' revenue, says Cem Ozguven, founder and managing director at Tobacco Insider. The company's U.S. volumes are also under pressure given the surge of illicit disposable vapes in the U.S., he adds. "De-leveraging and any hints on the expansion of share buybacks are other important points to watch," he adds. Shares are up 1.25%. (michael.susin@wsj.com)
(END) Dow Jones Newswires
February 10, 2025 08:31 ET (13:31 GMT)
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