UK's Tesco rises after co lifts annual profit forecast
** Shares of Britain's biggest supermarket group Tesco TSCO.L up 1.6% at 361 pence
** Co sees FY retail adjusted operating profit of around 2.9 bln pounds ($3.82 bln), up from previous forecast of at least 2.8 bln pounds
** Posts H1 retail adjusted operating profit of 1.56 bln pounds, up from 1.42 bln pounds a year earlier
** "Significant investments we are making in value, quality and service across the group have delivered volume growth ahead of our expectations in H1," says CEO Ken Murphy
** "Tesco's ability to generate free cash flow (FCF) and deliver consistent income is still under appreciated, setting it apart in the consumer sector. Therefore, the current 8.1% free cash yield shouldn't limit its continued strong performance," says Jefferies
** As of last close, stock up 22.2% YTD
($1 = 0.7595 pounds)
Reporting by DhanushVignesh Babu in Bengaluru
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