PwC accused of ‘deeply flawed' audit in legal row with Lucky Strike maker [Yahoo! Finance]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Yahoo! Finance
British American Tobacco (BAT) on Monday claimed that PwC failed to exercise reasonable care and skill when auditing the accounts of Windward Prospects, a paper factory spun off from the tobacco group more than two decades ago. The claim being brought by BAT against the Big Four accountancy firm is part of a professional negligence trial in a long-running wrangle over the costs of cleaning up polluted rivers in the US. Windward Prospects was among the paper mills accused of pumping toxic chemicals used in carbonless paper – often used for invoices and receipts – into rivers into Wisconsin and Michigan in the US. BAT maintained that Windward Prospects (formerly AWA) had previously agreed to cover the multibillion-dollar damages and clean-up claims related to these polluted rivers. However, BAT argued that Windward Prospects instead handed out €578m (£488m) in two dividend payments to its former parent company, Sequana, which should have been earmarked for the clean-up costs.
Show less
Read more
Impact Snapshot
Event Time:
BTI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BTI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BTI alerts
High impacting British American Tobacco Industries, p.l.c. ADR news events
Weekly update
A roundup of the hottest topics
BTI
News
- Zyn Shortage: 1 Ultra-High-Yield Dividend Stock That Should Benefit [Yahoo! Finance]Yahoo! Finance
- Smoking Cessation And Nicotine De-Addiction Market size is set to grow by USD 36.98 billion from 2024-2028, rising adoption of online retailing boost the market, Technavio [Yahoo! Finance]Yahoo! Finance
- Philip Morris Halts US Online Sales of Zyn After Subpoena [Yahoo! Finance]Yahoo! Finance
- What Makes British American Tobacco (BTI) an Investment Choice? [Yahoo! Finance]Yahoo! Finance
- British American Tobacco: Enjoy The Dividends But Don't Expect Much Growth [Seeking Alpha]Seeking Alpha
BTI
Sec Filings
- 6/25/24 - Form 6-K
- 6/24/24 - Form 6-K
- 6/21/24 - Form 11-K
- BTI's page on the SEC website