Keltbray fine increased to £18m after failed bid rigging appeal

Keltbray has seen its fine increase to £18m for bid rigging after losing an appeal against its original £16m penalty.
Keltbray was among ten firms fined a total of £60m by the Competition and Markets Authority last March following an investigation into cover bidding in the sector.
Keltbray had entered into a settlement agreement with the CMA in which it admitted liability for eight infringements, and accepted that the CMA would impose a maximum total penalty of £20m to wh