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Birmingham Post
Birmingham Post
Business
Jon Robinson

Investor in DFS, Card Factory and Marston's snaps up stake in North West giant

An investor in the likes of DFS, Card Factory and Marston's has taken a stake in a North West giant.

Aberforth Partners has acquired a 5.12% holding in James Fisher & Sons.

The Cumbria-headquartered group is listed on the London Stock Exchange, provides marine engineering services, and can trace its roots back to the 1840s.

READ MORE: Matalan sheds more that 700 jobs despite sales passing £1bn

The largest shareholder remains the trustees of the Sir John Fisher Foundation which has a stake of almost 23%.

Schroders plc also has a holding of just under 10% and Standard Life Aberdeen plc Investments holds 7.13% of the shares.

Other notable investments held by Aberforth Partners include Lookers, FirstGroup and Rank Group.

The move comes after James Fisher & Sons recently announced that Jean Vernet had been appointed as its new chief executive.

He will take up this position on September 5 and succeed Eoghan O'Lionaird.

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