british american tobacco yield Restructuring drives BAT rally (BAT) climbed on Friday after investors welcomed its Fit2Win restructuring programme, which will cut about 20% of its global corporate workforce and is expected to British American Tobacco: Shifting My

$28 billion pounds in last 12-month revenue Gross margins are really high at ~80% 35% free cash flow margin Moving to the recent H1 Report: Total revenue was up 4.4% (they are helped by FX, it was 2.6% in constant currency) Combustibles revenue was up 2% on 6% volume declines New Category revenue was up 29% (vapour volumes were the weakest) Traditional oral revenue was down 9% on sharp volume declines

But not everyone was imbibing, which would have left the heavy lifting to me (and getting hammered in front of the in-laws is never prudent)

Reviewing tax returns, supporting documentation and accounting system for accuracy and completeness

10 March 2007