(Bloomberg) -- Tesco Plc surged after reporting first-half profit that beat analyst estimates, showing that Chief Executive Officer Dave Lewis's plan to revive Britain's biggest grocer is gaining traction. Operating profit rose 60 percent to 596 million pounds ($759 million) before one-time items. The median estimate of 15 analysts surveyed by Bloomberg News was for 523 million pounds.
To contact the reporter on this story: Sheldon Reback in London at sreback@bloomberg.net.
To contact the editors responsible for this story: Guy Collins at guycollins@bloomberg.net, Thomas Mulier
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