Business is performing well

TOBACCO giant British American Tobacco (BAT) released a trading update for the six months of the year informing the market that the business continues to perform very well and in line with expectations. The group said the growth is fuelled by an increasing market share driven by global drive brands. In March the group also announced that it had invested more than $1 billion (R12.78bn) in its next generation products. The group said trading in its key markets continues to reflect the trends discussed at the preliminary results in February. – Sandile Mchunu