- British American Tobacco on Tuesday lowered its guidance on full-year revenues amid weaker performance in Japan and a product recall in the US.

BAT's said it expected revenue from next-generation products, which include e-cigarettes and tobacco-heating devices, would come in at £900m this year, down from a previous target of £1bn.

'The revision from the previously announced revenue target of £1bn is largely driven by a reduction in planned year-end stocks in Japan as the THP category remains flat and the effect of the Vuse Vibe recall in the US,' the company said.

Industry volume in the US was expected to fall 4.0% to 4.5% this year, the company said.

Full-year earnings, meanwhile, were also lowered owing to currency headwinds.

'Full year adjusted earnings per share growth is expected to be impacted by a currency translation headwind of around 7%, assuming exchange rates remain unchanged for the remainder of the year, the company said.

At 8:45am: [LON:BATS] British American Tobacco PLC share price was -34.5p at 3296.5p

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