Shares of James Fisher & Sons PLC (LON: FSJ) collapsed around 20% after the engineering firm said it has continued to face challenges in the third quarter.
James Fisher said it didn’t manage to materialize an improvement in its trading activity in three months to end-September 30. Revenue fell 17% for the first nine months of the year compared to a year-ago period.
“Trading in the third quarter continued to be challenging as the Group did not see the improvement to trading conditions and the seasonal uplift it had been anticipating at the Half Year Results,” the company said in today’s statement.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Project delays and cancellations in oil & gas and renewables sectors hampered the firm’s Q3 performance.
As a result, the company said it now forecasts that a full-year underlying operating profit will come in the range of £35 million to £40 million.
James Fisher share price plunged 20% to 866p and print the lowest levels recorded since 2013.
PEOPLE WHO READ THIS ALSO VIEWED:
