Armed police are responding to reports of shots being fired at London's Oxford Circus Tube station. The Met said it was responding as if the incident was terrorist related and urged people on nearby Oxford Street to take cover inside buildings. "Oxford Circus Station is closed while we investigate a customer incident," Transport for London said.
The Met said armed and unarmed police were at the scene. "At this stage police have not located any casualties," the force said in a statement.
Nearby Bond Street Tube station had also been closed, to prevent overcrowding.
In a statement on Twitter, British Transport Police said: "We continue to respond to an incident at Oxford Circus. "The station is currently closed, please avoid the area at this time. Officers are on scene."
UPDATE: 'No suspects, no shots, no casualties' say police
Police have found no evidence of shots having been fired, no suspects and no serious casualties after panic on Oxford Street late this afternoon.
People ran and screamed from Britain's most famous shopping street on one of its busiest days of the year as teams of armed officers moved in to close down Oxford Circus tube station.
The panic was started after gunfire was reportedly heard in or around the Underground station around 5pm today - but police have yet to find any source of gunshots.
A large section of Oxford Street was locked down at the height of the scare, but much of the area has now been reopened. After people ran through neighbouring streets and locked themselves in basements, police played down the incident which appeared to have sparked the panic.
A police statement released at 5:40pm stated: 'To date police have not located any trace of any suspects, evidence of shots fired or causalities. Officers continue to work with colleagues from British Transport Police in the area of Oxford Circus.
'Updates will be provided as soon as we have them.
'If you are in building stay in a building, if you are on the street in Oxford Street leave the area. Officers are continuing to search the area.'
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