Tesco shares jump on possible sale of Asian business
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LONDON (Reuters) - Shares in Tesco jumped nearly 6% at one point on Monday after Britain's biggest retailer said it was considering a sale of its remaining Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion.Tesco said on Sunday that it had begun a review of its Asian operations following "inbound interest" in the businesses that generate about 8% of the supermarket retailer's total annual revenue and 10% of its profit.Tesco said the review was at an early..