Portfolio

James Fisher suspends divi, imposes boardroom pay cut

By Frank Prenesti

Date: Thursday 26 Mar 2020

(Sharecast News) - Marine engineering services firm James Fisher & Sons suspended its dividend until further notice, cut boardroom pay by 20% a fifth to save cash and mitigate the impact of the Covid-19 pandemic.
The company on Thursday also deferred discretionary capital expenditure and imposed a hiring freeze.

"Whilst group trading in the first two months of 2020 is ahead of prior year, the potential impact of Covid-19 is difficult to predict with any degree of certainty,'" it said.be suspended until further notice. The Group will continue to monitor the developing situation and further actions will be taken as necessary.

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