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08/03/2005:

"Fortunes made on bombing"

THOUSANDS of investors joined sharp institutions in making millions of pounds from the short-lived collapse in share prices that followed the terrorist strikes in London last week.

It was the busiest day of trading for over two years. The London Stock Exchange said 4.75 billion shares were traded on Thursday compared with the recent daily average of about 3.1 billion.
BP and Vodafone were among Britain's largest companies that took advantage of the volatile markets to improve their balance sheets.

Financial spread-betting firm City Index said more than 8000 retail investors had dived into the market on Thursday, correctly backing their hunch that share prices would quickly bounce back.

Some will find profiteering from horror distasteful. But many in the City applauded the resilience of capitalism.
Full: finance.news.com