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British American Tobacco said it solid performance was supported by its combustibles offering and Velo Plus in the US, as well as multicategory gains in Africa and the Middle East and stated it was confident in its midterm growth algorithm, with the group expecting its FY26 performance to land at the lower end of guidance

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If acquisitions were a core part of BAT's business model then overpaying would be a serious problem, but it seems that this was a one-off event so the fact that management seems to have overpaid is less of an issue

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Nicotine withdrawal is a sign your body is healing and overcoming the addiction