On September 29, British American Tobacco PLC fell 3.02% in regular trading, trading at $54.405/share, with turnover of $145 million. The stock had already weakened in pre-market trading, declining over 3% before the opening bell.

On the news front, British American Tobacco PLC issued an updated business outlook, reaffirming that full-year adjusted earnings per share growth is expected towards the middle of its 5% to 8% guidance range at constant exchange rates. Critically, the company also confirmed that full-year revenue growth is trending toward the lower end of its 3% to 5% range. The relatively conservative revenue tone triggered a negative market reaction. This follows the company's earlier projection that global cigarette industry volumes would decline 2% this year, while its new-category segment — including vaping and modern oral products — is expected to deliver around 15% revenue growth.

Within the Tobacco sector, the broader group traded weaker. Among individual stocks, Philip Morris down 1.27%, Altria down 0.87%, Universal up 0.02%, Turning Point down 0.32%, Air Global PLC up 3.68%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)