ANALYST VIEWS: HOW DAMAGING IS THE UK JOBS CLIMATE FOR RECRUITERS?

GRAHAM BROWN | EVOLUTION

The increasingly concerning macroeconomic outlook has placed estimates on a sharp downgrade cycle. Unlike other staffers, though, the shares remain above their 10-year average, in part owing to their faster growth trajectory.

ANDY MURPHY | SINGER CAPITAL MARKETS

Michael Page has performed weakly. It now trades on an enterprise value/sales ratio of 1x (Hays is on 0.3x) down from a peak of 2.2x in 2007 and a recent high of 1.6x.... However, they are continuing to invest in people and new offices as evidenced by new operations in Brazil, India and the US.

RICHARD CURR | PRIME MARKETS

Michael Page results provide arguably the most telling glimpse into the state of the global economy. The profits story and growing cash pile should see the shares well supported within the current trading range established in August, and as such Prime Markets reiterates its view of a a buy.