Tesco to fight dairy price-fixing fine from OFT
Originally posted by 5corpio
Tesco has threatened legal action after being hit with a £10m fine from the Office of Fair Trading (OFT) following an inquiry into the price fixing of dairy products. The supermarket giant was one of nine firms facing penalties totalling close to £50m for colluding over the price of milk and cheese in 2002 and 2003. But Tesco expressed "surprise and dismay" that it was included in the penalties handed down by the regulator. Tesco denies it colluded with others.

The OFT estimated that the collusion saw shoppers pay 2 pence extra for a litre of milk and 2p extra on 100g of cheese. The regulator originally calculated that an extra £270m was spent by UK consumers as a result of the price fixing, but no total figure has.......More on this story HERE