Online clothing retailer ASOS PLC suspended operations Monday while brewer Scottish & Newcastle PLC warned of multimillion pound losses after both companies' warehouses were severely damaged by blasts at the nearby Buncefield oil depot. Several other businesses at an industrial park in Hemel Hempstead near the depot were also counting the costs of the explosions as fires continued to burn at the depot jointly owned by France's Total SA and U.S.-based Chevron Corp. ASOS, which manufactures clothing in the style of those worn by celebrities, was the hardest hit. As the company's Hemel Hempstead warehouse remained cordoned off, Chief Executive Nick Robertson said the effect on business would be "very significant." The warehouse is the only storage facility for ASOS.
Read more at MSN Money
