Newspaper article The Journal (Newcastle, England)

Watchdog Drops Some Claims against Tesco

Newspaper article The Journal (Newcastle, England)

Watchdog Drops Some Claims against Tesco

Article excerpt

THE investigation into alleged dairy price fixing by some retailers and suppliers has dropped some of the claims against supermarket chain Tesco.

The Office of Fair Trading (OFT) has already issued fines of around pounds 70m to some rival companies as part of the investigation but said there was not enough evidence pursue the claims against Tesco involving milk and butter sales in 2002 and 2003.

But the regulator has agreed a penalty discount with the company over the exchange of commercially sensitive information on some cheeses with suppliers in 2002 and 2003. Tesco said it does not accept the cheese allegations but will not contest them.

The OFT has also reduced the scope of its charges against other firms in the dairy investigation, meaning those that had accepted liability would now share a reduced fine of approximately pounds 70m. Those firms are Asda, Dairy Crest, Lactalis McLelland, Safeway, Sainsbury's, The Cheese Company and Wiseman. …

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