UK supermarkets and dairies fined £116m

Supermarkets Asda and Sainsbury’s were today fined over their roles in a dairy price-fixing scandal thought to have cost consumers around £270m (€374m).

The retail giants and a number of major diaries have agreed to pay combined fines of more than £116m (€160m) after admitting fixing the price of milk, cheese and butter following a probe by the Office of Fair Trading.