British American Tobacco Faces Financial Setback

British American Tobacco incurred a significant financial loss of 6.2 billion pounds due to a lawsuit settlement in Canada. The company also faces anticipated challenges in Bangladesh and Australia, affecting its 2025 outlook after missing the revenue forecast for the year.

British American Tobacco announced a substantial financial burden, reporting a 6.2 billion pound loss resulting from a tobacco lawsuit settlement in Canada.

The company issued a warning about encountering "significant" headwinds in Bangladesh and Australia come 2025.

This follows a year where their annual revenue fell short of predictions, marking a challenging period ahead for the tobacco giant.

(With inputs from agencies.)