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In 2022, we invested more than 2-billion in new categories to drive long-term sustainable growth, while making excellent progress in reducing operating losses by 62%, Bowles said He said that while the companys reported results were affected by a number of one-off charges, it achieved a 150bps improvement in adjusted operating margin at current rates and another year of 100% operating cash conversion, demonstrating our ability to successfully navigate an increasingly challenging macroeconomic environment

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Tobacco storage warehouses on the slopes of Church Hill are being converted into housing for young, upwardly-mobile professionals

British American Tobacco's profit margins are huge

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