Sector movers: Industrial Transportation shrugs off James Fisher weakness

16th Mar 2010 13:02

The industrial transportation sector is going well despite shares in James Fisher sinking a little following the marine service company's full-year results.The company saw a rise in revenues and profits in 2009 as its specialist technical division helped it shrug off the effects of the global economic downturn.Pre-tax profits rose to £24.7m from £23.6m in 2008 as revenues climbed to £249.6m from £233.6m. The total dividend for the year was lifted by 5% to 13.6p.But the shares are lacking buoyancy today. However, oil terminal operator Baltic Oil Terminals leads the sector higher.Utilities stocks have drifted lower, including Centrica, which climbed higher yesterday on the back of an upgrade from Nomura. The broker expects to see strong growth from the British Gas owner in the UK and the US.Centrica is joined lower by electricity provider National Grid and water group Severn Trent.Top performing sectors so far todayForestry & Paper 5,067.92 +1.64%Financial Services 5,088.82 +0.97%Banks 5,050.29 +0.96%Aerospace and Defence 3,358.00 +0.82%Industrial Transportation 2,318.79 +0.73%Bottom performing sectors so far todayMobile Telecommunications 3,443.10 -1.26%Gas, Water & Multiutilities 4,230.83 -0.61%Alternative Energy 6,928.67 -0.57%Pharmaceuticals & Biotechnology 8,713.50 -0.53%Construction & Materials 3,575.55 -0.37%