British American Tobacco signals India's ITC stake disposal, shares jump
Thursday, 8 February 2024
British American Tobacco is "actively working" to sell some of its shareholding in India's ITC, it said on Thursday, sending its shares up almost 8% as investors cheered a move towards resuming share buybacks.The maker of Dunhill and Lucky Strike cigarettes disappointed investors when it opted against a fresh buyback programme last year to focus on reducing debt and investing in new products.
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