Britain's biggest retailer Tesco TSCO.L rose 1.6% on forecasting flat profit in its new financial year, stemming the 6.3% decline from 2022/23. By Bansari Mayur Kamdar April 13 (Reuters) - European shares edged higher on Thursday, supported by gains in luxury stocks after LVMH posted strong first-quarter sales and hopes of a pause in the U.S. Federal Reserve's rate hike cycle following cooler-than-expected inflation data. LVMH LVMH.PA, the world's largest luxury company, gained 4.6% on reporting a 17% jump in first-quarter sales that breezed past estimates as business in China rebounded sharply.