British American Tobacco (LSE:BATS) unveiled its Fit2Win overhaul—cutting about 9,000 global roles (mainly ex‑UK), outsourcing ~3,500 and aiming for £500m–£600m annual savings by 2027–28—while announcing an Aug. 14, 2026 dividend (record July 10) that moved London shares slightly lower.
Previous Week Recap
- BATS Cuts Global Roles, Outsources: BATS launches Fit2Win: cuts ~9,000 global roles (ex-US), outsources ~3,500, targets ~£500m annual savings by 2027 and ~£600m by 2028; London shares ticked down.
- BATS Sets August Dividend Date: British American Tobacco (BATS) set an August 14, 2026 dividend; record date July 10, 2026. South African register: R1,331.05115 gross per share, R1,064.84092 net after 20% tax (rate £1=R21.7279).
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