Damages caused by a fire at Northern Foods’ Fletchers Bakeries site in Sheffield yesterday (16 July) are likely to have a negative impact on the group’s financial results.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company said it will probably face a non-recurring loss because its plant was covered through Northern Foods’ wholly owned captive insurance company
The Fletchers unit is part of the group’s speciality bread category, which was put up for sale on 31 May.
Nobody was hurt in the fire but, for safety reasons, company management will not re-enter the site until later today when assessments of the impact on production will be made.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
