Adecco says job market improving

European labour markets have reached a turning point, the world’s biggest staffing firm Adecco said yesterday, as it beat second-quarter profit expectations and saw its shares surge to a two-and-a-half year high. Adecco’s underlying revenues, excluding currency moves and acquisitions, fell three per cent in the second quarter to €4.93bn (£4.24bn), in line with expectations and an improvement on the seven per cent decline in the first quarter.