Morning, I’m Chloé Meley from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Big Tobacco has reinvented itself. The growing popularity of vapes and nicotine pouches is helping British American Tobacco accelerate its shift away from cigarettes. BAT now expects mid-teens revenue growth this year from its “new category” products — including Velo Plus nico...
Morning, I’m Chloé Meley from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Big Tobacco has reinvented itself. The growing popularity of vapes and nicotine pouches is helping British American Tobacco accelerate its shift away from cigarettes. BAT now expects mid-teens revenue growth this year from its “new category” products — including Velo Plus nicotine pouches, Vuse vapes and glo heated tobacco sticks — up from a previous forecast of low double-digit growth. Velo has been a standout performer, steadily eroding Philip Morris International’s dominance in the US nicotine pouch market, led by Zyn. With less dry mouth, faster nicotine delivery and improved flavour, Velo is attracting a growing number of consumers. The brand is delivering “excellent results” in the US, BAT said. The market is becoming increasingly important, with Americans buying $6.6 billion of nicotine pouches in the 12 months to early March — up 20% from the previous year, according to NIQ. That momentum matters, with global cigarette volumes expected to fall 2.5% in 2026, a steeper decline than previously forecast, making BAT’s smoke-free transition critical to its future. What’s your take? Ping me on X , LinkedIn or drop me an email at cmeley@bloomberg.net. Oh, and do subscribe to Bloomberg.com for unlimited access to trusted business journalism on the UK, and beyond. What We’re Watching Current and former employees at Sotheby’s UK property arm — a firm that sits at the heart of the luxury real estate market in London — allege sexual harassment and bullying from CEO George Azar. Lawyers acting for Sotheby’s International and Azar say the CEO has no recollection of making the alleged comments and said there have been no formal HR complaints about his workplace conduct. The property ladder is breaking down . A tight housing market and escalating fees are shutting millennials out of their homeownership dreams, delaying life milestones like starting a fam...
(RTTNews) - Central Asia Metals PLC (CAML.L) on Tuesday announced it has agreed to acquire Cygnus Metals Ltd. (CYGGF, CY5.AX, CYG.V) in a deal valued at approximately A$232 million through an all-scrip scheme of arrangement.
(RTTNews) - Central Asia Metals PLC (CAML.L) on Tuesday announced it has agreed to acquire Cygnus Metals Ltd. (CYGGF, CY5.AX, CYG.V) in a deal valued at approximately A$232 million through an all-scrip scheme of arrangement.
Antonio Bordunovi Nvidia ( NVDA ) CEO Jensen Huang stated on Tuesday that the company has secured enough supply to meet robust growth for both CPUs and GPUs amid the ongoing AI boom. The company, considered a barometer for the AI market's health as its semiconductors are used in virtually every major data center in the world, acknowledged, however, that supply constraints remain a concern. "We've...
Antonio Bordunovi Nvidia ( NVDA ) CEO Jensen Huang stated on Tuesday that the company has secured enough supply to meet robust growth for both CPUs and GPUs amid the ongoing AI boom. The company, considered a barometer for the AI market's health as its semiconductors are used in virtually every major data center in the world, acknowledged, however, that supply constraints remain a concern. "We've secured supply for very robust growth of all of those systems," Huang said at an Nvidia press conference during the Computex week in Taipei, as per a Reuters report. "We have supply for very, very robust growth, but we're still supply constrained." Huang was speaking a day after the $5T chip company unveiled a new chip that brings AI capabilities directly to personal computers. Nvidia's ( NVDA ) new chip, which will be launched in the fall, would pit it against the likes of Advanced Micro Devices ( AMD ), Intel ( INTC ), and Apple ( AAPL ). Huang said the RTX Spark PC chip is part of Nvidia's efforts with Microsoft ( MSFT ) to "reinvent the PC" for the AI era. More on Nvidia Wall Street Lunch: Nvidia Unveils New AI Chips, Partnerships At Computex In Taiwan Nvidia's Next Wave Could Be Even Bigger Nvidia: Subsidization Of Sovereign AI Backed By Washington And CPU Edge Chinese military-linked labs seek Nvidia AI chips: report Has Micron replaced Nvidia as the 'IT' stock for the AI trade?
Antonio Bordunovi Nvidia ( NVDA ) CEO Jensen Huang stated on Tuesday that the company has secured enough supply to meet robust growth for both CPUs and GPUs amid the ongoing AI boom. The company, considered a barometer for the AI market's health as its semiconductors are used in virtually every major data center in the world, acknowledged, however, that supply constraints remain a concern. "We've...
Antonio Bordunovi Nvidia ( NVDA ) CEO Jensen Huang stated on Tuesday that the company has secured enough supply to meet robust growth for both CPUs and GPUs amid the ongoing AI boom. The company, considered a barometer for the AI market's health as its semiconductors are used in virtually every major data center in the world, acknowledged, however, that supply constraints remain a concern. "We've secured supply for very robust growth of all of those systems," Huang said at an Nvidia press conference during the Computex week in Taipei, as per a Reuters report. "We have supply for very, very robust growth, but we're still supply constrained." Huang was speaking a day after the $5T chip company unveiled a new chip that brings AI capabilities directly to personal computers. Nvidia's ( NVDA ) new chip, which will be launched in the fall, would pit it against the likes of Advanced Micro Devices ( AMD ), Intel ( INTC ), and Apple ( AAPL ). Huang said the RTX Spark PC chip is part of Nvidia's efforts with Microsoft ( MSFT ) to "reinvent the PC" for the AI era. More on Nvidia Wall Street Lunch: Nvidia Unveils New AI Chips, Partnerships At Computex In Taiwan Nvidia's Next Wave Could Be Even Bigger Nvidia: Subsidization Of Sovereign AI Backed By Washington And CPU Edge Chinese military-linked labs seek Nvidia AI chips: report Has Micron replaced Nvidia as the 'IT' stock for the AI trade?
Bloom Energy, which has seen an unprecedented surge in orders from hyperscalers and data centers, does not need to sell shares to meet demand, CEO KR Sridhar told Bloomberg News on Monday.
Bloom Energy, which has seen an unprecedented surge in orders from hyperscalers and data centers, does not need to sell shares to meet demand, CEO KR Sridhar told Bloomberg News on Monday.