Money Minute, Wednesday 27 November: cigarettes, alcohol and unemployment
Today's Money Minute looks to updates from British American Tobacco and brewer Marston's; plus US unemployment figures.
In the UK this morning, soft drinks maker Britvic reports its full-year results. We've also got figures from wealth manager Brewin Dolphin and pub company Marston's.
But a trading update from British American Tobacco is more likely to grab the headlines.
The tobacco industry is in upheaval at the moment. Just as the sector was starting to embrace vaping as a potential alternative to traditional cigarettes, the new products have run into concerns about side-effects and their role in encouraging young people to take up the habit.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
If vaping is shut down as a pathway to revenue growth, then the risk is that Big Tobacco traditionally a big dividend payer might have to start cutting its generous payouts. So income investors will be paying close attention.
In the US meanwhile, there's a slew of economic data as several reports are released ahead of the Thanksgiving celebration on Thursday.
We'll be getting the latest weekly jobless claims figures, the latest survey of manufacturing activity in the Chicago area, and durable goods orders for October.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Energy bills to rise by 1.2% in January 2025
Energy bills are set to rise 1.2% in the New Year when the latest energy price cap comes into play, Ofgem has confirmed
By Dan McEvoy Published
-
Should you invest in Trainline?
Ticket seller Trainline offers a useful service – and good prospects for investors
By Dr Matthew Partridge Published