ASOS shares trading after oil depot fire

Shares in an online fashion retailer forced to shut down in the wake of the Buncefield oil depot fire were back trading today.

ASOS shares have been suspended since December 12 but returned after the company was able to carry out a full assessment of the damage caused by the explosion next to its warehouse at Hemel Hempstead, Hertfordshire.

It said it expected the business, which has earned the tag as the UK’s fastest-growing retailer, to be fully operational again in mid January. It said it remained on track to meet profits expectations as the interruption to business was covered by insurance.