EU smashes acrylic glass cartel

The European Commission has fined four firms 345m euros ($444m; £235m) for fixing prices and operating a cartel in the sale of acrylic glass products.

The punished companies were French group Arkema, British firms ICI and Lucite, and Irish business Quinn Barlo.

They were found to have fixed prices and exchanged sensitive information between 1997 and 2002