Michael Page profits rise after UK jobs boost

RECRUITMENT specialist Michael Page has seen profit rise by 2.9 per cent in the first quarter after a pick-up in the UK jobs market.

The company – which places professionals such as accountants and lawyers – had said in January that Britain was lagging behind.

The UK market makes up 30 per cent of its business and all markets are now up the company said in its trading statement.

Chief executive Steve Ingham said: "While we believe the outlook for the UK, Continental Europe and North America is less certain, we are now experiencing an improvement in almost all markets.

"With the benefit of maintaining our presence in all our markets, our lower cost base and our operational gearing, we are well positioned to improve significantly our performance in 2010."