Tesco launches new round of price cuts in battle with discounters
date:Apr 23, 2014
firm said in February it would invest in lower prices or part of the unquantified big and bold plan Clarke talked about last Wednesday.

Tesco also said in February it would spend about 200 million pounds on a fuel savings scheme for holders of its Clubcard loyalty card.

Shares in Tesco, down 21 percent over the last year, were up 0.6 percent at 291.6 pence at 10.01 GMT.

The firm's rivals are also cutting prices. Morrisons said in March it would invest 1 billion pounds in price cuts over three
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