Basic Search  |  Summaries  |  Advanced SearchCompany City/Town: Fleet
Company County: Hampshire
Company Nation/Region: England
Penalty: £46,186
Year: 2015
Date: 8 May, 2015
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Castles Property Services, Hamptons Estates and Waterfords agreed to pay fines in settlement of a decision by the CMA that they engaged in a cartel agreement to stop advertising their fees in the local newspaper, making it harder for potential competitors to enter the market and limiting customers' ability to compare prices. Trinity Mirror, owner of the Surry and Hants Star Courier newspaper, was also fined for agreeing with cartel members not to publish any estate agents' fees or discounts, and Three Counties Estate Agents, the local trade association, was fined for having membership rules prohibiting advertising of fees and discounts in the newspaper.
Action Type: agency action
Settlement Type: Settlement with the CMA
Agency: Competition and Markets Authority
Source of Data: (click here)