Firms fined for tobacco price-fixing: British watchdog

LONDON (AFP) — Six retailers and tobacco firms have agreed to pay combined fines of more than 130 million pounds after admitting "unlawful practices" relating to retail tobacco prices, the Office of Fair Trading said.

Retailers Asda, Somerfield, First Quench, One Stop Stores (formerly T and S Stores) and TM Retail plus manufacturer Gallaher agreed to pay 132.3 million pounds (165 million euros, 263 million dollars).

The fines come after the competition watchdog accused 12 firms of price-fixing, by either co-ordinating to link the price of some brands to rival products or exchanging proposed future retail prices between competitors.

An investigation into the six other firms named by the OFT three months ago -- the Co-operative Group, Imperial Tobacco, Morrisons, Safeway, ...