I'm very surprised to hear that OFT cares about 'price - coordination' in the cigarette market. If the industry is bumping up the price, why should anyone care? It should be bottom of the list of priorities. However, i digress.
What interested me were the statements in response to the allegations.
Imperial Tobacco said it "takes compliance with competition law very seriously and rejects any suggestion that it has acted in any way contrary to the interests of consumers".
and
Tesco said that "the OFT's investigation appears to centre on major tobacco companies. We do not believe that Tesco has acted in a way that has harmed consumers and we will make this clear to the OFT when we see the details of their allegations".
Don't strike me as particularly vehement denials, in fact I don't think they are denials at all. I'm sure this is usual in such cases.
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