World Today: Price Fixing Firms Fined

Summary


SIX RETAILERS and tobacco firms have agreed to pay combined fines of pounds 132.3m after admitting unlawful cigarette pricing practices.

The Office of Fair Trading (OFT) said Asda, Somerfield, First Quench, Gallaher, One Stop Stores and TM Retail, had applied for leniency from the watchdog. In April the OFT accused the groups of anti-competitive pricing, alleging that firms co-ordinated to link the price of some brands to rival products.

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World Today: Price Fixing Firms Fined

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