14 December, 2005

UK: Scottish & Newcastle unit was affected by oil-depot explosions

Scottish and Newcastle plc announced on December 12 that Sunday's massive oil depot fire at Hemel Hempstead has affected the main distribution centre for its subsidiary, Waverley TBS (WTBS) - the UK wines and spirits wholesaler.

Scottish and Newcastle said: “At the present time we have been unable to access the site but we are relieved that none of our people has been injured.

We believe that WTBS will have incurred significant asset losses but we believe that all asset and subsequent trading losses will be fully recovered from our insurers.

Our principal concern is to support our customers at this critical time. Enormous efforts have been made to minimise the inevitable disruption and we are extremely grateful to all our staff and suppliers for their support thus far.”

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