Resilience Despite Depot Fire

Summary


Uk equities began the week in resilient mood despite the huge explosion at the Buncefield oil storage depot in Hemel Hempstead on Sunday.

Although the affected area of the depot held about 18 million litres of petrol, 9 million litres of diesel, 3.5 million litres of kerosene, 3 million litres of gas oil and 2 million litres of aviation fuel, the market did not expect any significant disruption to supplies. Despite a good start, the FTSE 100 Index fell 15.9 points to 5501.5.

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Resilience Despite Depot Fire

In the regional portfolio, Scottish & Newcastle said its main distri...

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