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James Fisher - Defence sector margins surge

April 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FSJ
  • Price:
  • 455p
James Fisher, a 179-year-old British maritime services company, looks well positioned to capitalise on the intensifying conflict in the Middle East, where US and Israeli military action against Iran since late February has severely disrupted shipping through the Strait of Hormuz and driven oil prices sharply higher. The Strait - a narrow waterway through which roughly one-fifth of the world's daily oil supply and a comparable share of liquefied natural gas normally flows - has seen tanker transits plummet to a fraction of normal levels, with some ships anchoring in the waterway or rerouting entirely. Brent crude, the international benchmark, has surged to over US$100 a barrel.  This environment is creating terrific tailwind ...

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