WGB has issued an RNS today indicating that its factory in Lancaster has suffered substantial flooding on the back of the weekend’s storms. Management expects there to be disruption to production as well potential damage to stock and machinery. The group has comprehensive insurance to cover this disaster and a claim has been logged. However, there can be no guarantee that the full extent of losses to assets and profits will be covered. From a relatively high premium rating we would expect some w ....
07 Dec 2015
Floods cause substantial damage at Lancaster factory
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Floods cause substantial damage at Lancaster factory
Sanderson Design Group PLC (SDG:LON) | 74.5 0.7 1.4% | Mkt Cap: 53.5m
- Published:
07 Dec 2015 -
Author:
Matthew McEachran -
Pages:
3
WGB has issued an RNS today indicating that its factory in Lancaster has suffered substantial flooding on the back of the weekend’s storms. Management expects there to be disruption to production as well potential damage to stock and machinery. The group has comprehensive insurance to cover this disaster and a claim has been logged. However, there can be no guarantee that the full extent of losses to assets and profits will be covered. From a relatively high premium rating we would expect some w ....