OFT tobacco fines overturned

Imperial Tobacco and several leading retailers have won a court battle to overturn record fines imposed by the Office of Fair Trading (OFT) over allegations of unlawful pricing. A fine of £112.3m handed down to Imperial Tobacco last year was reversed, while Morrisons, Asda, Co-Op and Shell also had cases against them overturned by the Competition Appeal Tribunal. The original tribunal related to promotional deals between Imperial and the retailers in 2000-03, and resulted in a record total fine of £225m after the OFT alleged unlawful pricing deals.