Tesco Gains Most in Six Months on Speculation of Dunnhumby Sale
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Tesco Plc shares had their best day in almost six months amid speculation that buyout firm TPG Capital Management LP is considering a 2 billion-pound ($3.2 billion) purchase of the grocer’s Dunnhumby data analysis unit.
The stock gained as much as 4.1 percent to 183.95 pence in London, the most since April 16, paring the drop since the U.K. retailer said Sept. 22 that it started a probe of accounting practices after overstating first-half profit estimates.