Harvey Nash upbeat

City A.M. Reporter
BRITISH recruitment and IT outsourcing services firm Harvey Nash Group said it expected a 40 per cent rise in first-half pre-tax profit on strong growth in placements, particularly in Europe, Germany and the Nordics.

The company also said it planned to raise its interim dividend by 10 per cent.

“A strong financial position, combined with the broad portfolio of services, has positioned the group well for the second half and thereafter,” the company said.For the six months ended 31 July, the group expects to report an increase of about 20 per cent in revenue and profit.

Harvey Nash said it made good progress in the US particularly in permanent recruitment.

Earlier in the month, rival Robert Walters posted a 23 per cent rise in first-half net fees, helped by strong growth in its European and Asia Pacific markets. But peers including Michael Page have warned that the UK market remains rough.

Shares in the company closed up 6.5 per cent at 73.5p.