BAT Rises Amid Higher Demand for Smokeless Nicotine Pouches

British American Tobacco Plc expects revenue to come in at the top end of its forecast range this year after a jump in the number of users of its smokeless products and a strong performance in the US market.

The maker of Dunhill and Lucky Strike cigarettes said growth in its “new categories” division, which includes e-cigarettes and nicotine pouches, means it will now hit the higher end of an expected 1% to 2% revenue increase range. The forecast for an uplift of profit of as much as 2.5% remained the same.