Tuesday 29 September at 5pm
Tesco has vowed to battle the multimillion-pound fine it was handed yesterday by the Office of Fair Trading. The UK s largest supermarket was fined 10.4m as the competition watchdog s long-running probe into price fixing in the dairy trade finally drew to a close.
The marathon probe into price fixing in the dairy trade has culminated with fines of nearly 50m being handed out to retailers and suppliers. The Office of Fair Trading today concluded its four-year investigation by issuing fines worth 49.51m for breaches of the 1998 Competition Act.
Philip Morris has threatened the Australian government with legal action over its bid to impose plain packaging on cigarettes. The Marlboro maker’s Asian arm said proposals to ban logos from tobacco products would violate a trade agreement between Australia and Hong Kong.
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