Friday, December 7, 2007

Supermarkets fined for dairy price fixing

By Richard Blackden Last Updated: 9:07am GMT 07/12/2007

Supermarket giant J Sainsbury has agreed to pay £26m to the Office of Fair Trading to settle a long-running investigation into the price fixing of milk, cheese and butter.
The OFT concluded in September that supermarkets including Sainsbury's, Tesco and Asda has colluded to fix the prices of milk and cheese, costing shoppers an estimated £270m.
In a short statement today, the OFT said it had concluded settlements with Asda, Dairy Crest, Safeway, Sainsbury’s, The Cheese Company and Wiseman.;jsessionid=TT25UTDZMC55HQFIQMFCFGGAVCBQYIV0?xml=/money/2007/12/07/bcnmilk107.xml

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