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BUZZ-BAT: gains after company affirms next generation goals

Reuters - UK Focus

** British American Tobacco (Kuala Lumpur: 4162.KL - news) says on Monday it will invest 800 mln euros in Romanian factory over next five years to support expansion of tobacco-heating product, glo

** Co repeats goal to double revenue from tobacco-heating products to over 1 bln pounds this year, exceeding 5 bln by 2022

* Shares (Berlin: DI6.BE - news) up 2.6 pct at 1246 GMT

* BAT shares have fallen 27 pct this year, mostly due to uncertainty around future for next-generation products, which include e-cigarettes and devices that heat tobacco without burning it

* Co due to give trading update on Tuesday ahead of half-year results on July 26

* Jefferies analysts say of Tuesday's update that it hopes confirmation of goals would be taken as positive by market