The OFT investigation is continuing, however, in relation to Tesco, Morrisons and the dairy group Lactalis McLelland, and any legal action is expected to be delayed until that is completed.
Tesco was defiant and said that it was preparing a robust defence of its actions. Lucy Neville-Rolfe, its executive director, said: As we have always said, we acted independently and we did not collude with anyone. Our position is different from our competitors and we are defending our own case vigorously. Our philosophy is to give a good deal to customers.
Morrisons has supported the OFT in inquiries into the former Safeway business that it took over, but in a statement said that it was still making strong representations in its defence. A spokeswoman for Lactalis McLelland said that the company was co-operating with the OFT. Industry insiders suggested that the three companies were deliberately stalling the OFT investigation.
Sainsbury s admitted yesterday that it had agreed to pay £26 million in fines, but denied that it had sought to profiteer. Justin King, the chief executive, said he was disappointed that the company had been penalised for actions meant to help farmers but recognised the benefit of a speedy settlement. Asda declined to say how much it would pay in fines and also said that its intention had been to help farmers under severe financial pressure.
1. From the first paragraph, we may infer that _____
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