17 Apr 2014 --- UK supermarket giant Tesco announced its second year in a row of falling profits yesterday, with UK like-for-like sales down 1.3% and group profits of £3.3bn, down 6% in the year ending 22 February. In an attempt to turnaround its fortunes the retailer announced plans to accelerate the price war against its rivals and boost add-on concepts such as its Giraffe restaurants.