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Evening Standard
Evening Standard
National
Henry Saker-Clark

Asda tumbles to near-£1bn loss amid heavy price cutting

Asda saw losses rise to almost £1 billion for the past year (Richard Walker/Asda/PA) - (PA Media)

Asda has seen losses swell to almost £1 billion as it undergoes a major turnaround.

The UK’s third largest supermarket chain is aggressively cutting prices to try to restore its fortunes with shoppers.

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