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Price fixing is nothing new, but the past month has seen a spate of cases arriving before the courts – and the punishments dished out suggests that authorities around the world are taking a tough stance.

Homeware and clothing suppliers to the British high street retailer Marks and Spencer have been asked to contribute financially towards a store revamp and marketing budget according to reports in the Financial Times.

Sony has signalled its intention to increase parts procurement from the euro zone as the euro continues to weaken.

Input prices for construction and building companies in the US slightly increased over the Second Quarter of 2011 as commodity prices “stabilised”, a new report reveals.

A US pressure group has urged officials in the capital to investigate ways in which cloud computing can help streamline its “wasteful” IT procurement practices.

A Japanese supplier of wire harnesses has agreed to pay a fine of $200m, while three of its US-based executives face jail as a result of allegations relating to cartel activity with certain competitors.

A Japanese supplier of wire harnesses has agreed to pay a fine of $200m, while three of its US-based executives face jail as a result of allegations relating to cartel activity with certain competitors.

Amid calls from UK politicians for more public contracts to be awarded to British companies, a leading Siemens executive has warned the government against favouring the selection of British suppliers over their foreign counterparts.

Amid calls from UK politicians for more public contracts to be awarded to British companies, a leading Siemens executive has warned the government against favouring the selection of British suppliers over their foreign counterparts.

Many key global commodity prices will start this week substantially lower after taking hits last week as investors rushed to sell as German moves failed to assuage fears over Europe’s sovereign debt crisis.