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UPDATE 3-BAT Q1 earnings up 17 pct as 2008 starts well  

(Rewrites with analyst comments, further details, shares)
Jump to full article: Reuters, 2008-05-07
Author: David Jones

Intro:

British American Tobacco Plc, the world's second biggest cigarette maker, posted a bumper 17 percent rise in first-quarter earnings on Wednesday as 2008 got off to a great start which helped to boost its shares.

The London-based group which makes Lucky Strike, Kent, Dunhill and Pall Mall cigarettes, said it saw profits growth in all its regions and benefited from currency translation as the pound was weaker against most of the world's major currencies.

Chairman Jan du Plessis said 2008 had clearly got off to a great start and the group was well placed for the rest of the year helped by its wide spread of businesses in both developed and developing markets across the world.

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