This is common with alcohol thermometers. Actually, it used to happen with mercury thermometers, too, but these were even easier to 'fix' by just forcefully whipping the thermometer a couple of times so that centrifugal forces push the liquid back towards the end. This works with alcohol thermometers as well, but a little less so than with the old mercury ones.
Sometimes, the liquid won't reunite whatever you try and at that point your thermometer is toast. It tends to happen if you overheat it so that the liquid expands all the way up the column, or when the thermometer is being subjected to shocks (e.g. by dropping it).
I don't think any impact of this on its accuracy is worth losing any sleep over. Especially for B&W it won't matter much at all, if the accuracy is affected in the first place, which I doubt.