British American Tobacco acquires STK.
Investors Chronicle - magazine and web content, March, 2008
British American Tobacco's results were as reliable as ever. Once more, the cigarette-manufacturer unveiled a robust set of figures driven by a strong performance of its international brands in emerging markets.. Nathalie Olof-Ors
British American Tobacco's (BAT) results were as reliable as ever. Once more, the cigarette manufacturer unveiled a robust set of figures driven by a strong performance of its international brands in emerging markets which helped to offset the decline in mature countries such as Germany and Japan.
And following the completion of a five-year cost-saving programme - which yielded GBP1bn a year savings from the supply chain and overheads - BAT is now looking to save another GBP800m a year by 2012 through further initiatives...
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