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OFT sends new info to supermarkets over alleged price fixing

OFT sends new info to supermarkets over alleged price fixing
The Office of Fair Trading (OFT) has taken new action in its battle with supermarket chains Tesco and Morrisons over alleged price fixing.

According to the OFT, the firms conspired with other businesses to fix the price of dairy products.

In a new development, the organisation - which was established in 1973 and is the UK's consumer and competition authority - has presented Tesco and Morrisons with additional evidence.

Responding to the move, Tesco said it would examine the evidence but added that it did not accept it had transgressed the law.

Executive director at the firm Lucy Neville-Rolfes said: "We are helping the OFT with the next stage of this long-running inquiry.

"However, we have made it clear that we did not collude with anyone and that remains the position."

Meanwhile, Morrisons said it will also look into the OFT's submission.

However, it went on to reiterate its "firm belief remains that there are no reasonable grounds for the OFT's allegations against us".