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Posts on ‘April 16th, 2010’

SHELL FINED £3,354,615 FOR TOBACCO PRICE FIXING

“It is impossible to reconcile Shell’s continuing participation in price fixing cartels and other unlawful market manipulation activity, with its claimed business principles pledging honesty, integrity and transparency in all of Shell’s dealings.”

Comment by John Donovan.

It is impossible to reconcile Shell’s continuing participation in price fixing cartels and other unlawful market manipulation activity with its claimed business principles pledging honesty, integrity and transparency in all of Shell’s dealings.

PRESS STATEMENT FROM UK OFFICE OF FAIR TRADING

OFT imposes £225m fine against certain tobacco manufacturers and retailers over retail pricing practices

39/10    16 April 2010

The OFT has found that two tobacco manufacturers and ten retailers engaged in unlawful practices in relation to retail prices for tobacco products in the UK, and has imposed fines totalling £225m. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell and 11 other companies fined total of $348.8 million for price fixing

MarketWatch: OFT fines U.K. tobacco manufacturers, retailers

By Sarah Turner April 16, 2010, 2:15 a.m. EDT

LONDON (MarketWatch) — The Office of Fair Trading said Friday that two tobacco manufacturers and ten retailers engaged in unlawful practices in relation to retail prices for tobacco products in the U.K., and has imposed fines totalling 225 million pounds ($348.8 million). The tobacco manufacturers involved are Imperial Tobacco and Gallaher, and the retailers are Wal-Mart Stores’ Asda unit, The Co-operative Group, First Quench, Morrisons, One Stop Stores, Safeway, Sainsbury’s, Shell, Somerfield and TM Retail. The 225 million pound fine represents the largest total fine imposed by the OFT to date in a case under the Competition Act 1998. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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