James Fisher, IndigoVision and Fuller's

“The FTSE100 slipped into negative territory on Black Friday after a positive start for markets in Asia,” says AJ Bell Investment Director Russ Mould.

“Marine services group James Fisher and Sons was the FTSE250’s biggest faller in early trading. The group has maintained its full year outlook and revenues for the first 10 months are 7% up on a year ago. But the pick-up in activity in its offshore oil division during the first half has not been maintained and its full-year contribution to group results will be lower than last time. James Fisher’s shares were down by 4.5%.

“IndigoVision’s shares plunged after chief executive Marcus Kneen stepped down as the group warned that its results would be below forecasts and that it would post an operating loss for the year to the end of December. The group has seen growth in the US but the Middle East has experienced more difficult trading conditions, with unforeseen delays in securing a number of large contracts. IndigoVision’s shares were down by more than 33.8%.

“Fuller's shares slipped despite a good first half performance in the face of strong headwinds. Revenues were 6% higher and earnings rose by 4%. Growth was driven by its managed pubs and hotels, which generate the largest share of turnover. But cost pressures are mounting, particularly for managed pubs, which have faced a 26% rise in business rates in addition to the apprenticeship levy and national living wage rate. Fuller's shares were down by over 1.3%.”

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