Saturday, December 8, 2007


"Britain's supermarkets and dairy groups have been fined £116m by the Office of Fair Trading, after admitting fixing the prices of milk, butter and cheese.

Sainsbury's, Asda, Safeway, Dairy Crest, Wiseman and The Cheese Company have all admitted to anti-competitive practices and the case against them has now been resolved, the consumer watchdog said today. But it is continuing its investigation into Tesco, Morrisons and cheese maker Lactalis McLelland, which continue to deny that they were involved.

The price collusion is estimated to have cost consumers £270m in higher prices."

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