Observed Signal · Aug 20, 2026 · Market Signal · Source: BAT · Impact: 5/5
The Smokeless Word: Live from the Lab - Dr Charles Gardner
Dr Charles Gardner was once skeptical of tobacco harm reduction. Now he’s a tobacco harm reduction expert. He joins The Smokeless Word: Live from the Lab to discuss what changed his mind, the evidence shaping the debate, and why listening to people who have switched matters.
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BAT 2026 Capital Markets Day
BAT hosts a Capital Markets Day for institutional investors and analysts in Winston-Salem, North Carolina, home of the Reynolds American business for more than 150 years and will outline BAT's Horizon 2030 ambitions
Flink Secures $100M Funding and Reaches Profitability
Flink, a Berlin-based quick-commerce company, has secured approximately $100 million in a funding round led by Prosus and other existing investors, with Btomorrow Ventures, BAT's corporate venture arm, joining as a new investor. The company reports it is now EBITDA profitable and plans selective expansion in Germany and the Netherlands. The funding round values Flink at $900 million. The company operates about 160 hubs, reaches over 22.5 million people, and has an average basket value of over €45. Online grocery penetration stands at 3.5% in Germany and 6% in the Netherlands, indicating growth potential. The market has experienced consolidation, with Getir acquiring Gorillas and later being acquired by Uber, leaving Flink with fewer competitors in its core markets.
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